An FRM candidate may only defer
their Exam registration once, to the next examination date.
- A deferral to the next examination period must be submitted by
the last day of registration. For example, the last day of
registration for the May Exam is April 15th; for the November Exam
the last day of registration is October 15th.
- There is an administrative processing fee of US$100 to defer
your Exam. This fee must be paid via credit card at the time of
- As a deferred FRM candidate, you will automatically be
re-enrolled in the next Exam cycle. If you decide not to attend the
next Exam, you will forfeit your Exam registration fee and will
need to re-register as a returning candidate should you choose to
sit for the FRM Exam.
- Second deferral requests will not be considered. There are no
exceptions to this.
- Once the deferral deadline has passed, special requests for
deferrals will not be considered. There are no exceptions to
- Any study materials you purchased for this year's Exam may not
be applicable for next year's Exam since the Study Guide and
suggested readings will change from year to year. Please refer to
Materials section to review updates to the Study Guide for
Deferral and Returning FRM candidates.
- If a candidate who defers a Part II registration does not first
pass Part I, their Part II deferral will automatically be converted
to a Part I registration in the next administration. Unless a
candidate is sitting for both Parts on the same day, they cannot
sit for Part II without having first passed Part I.
- If, after submitting your Deferral request, you change your
mind and want to sit for the FRM Exam during the current Exam
period, you must contact GARP by the last day of the current
registration period. This will incur an additional administrative
processing fee of US$100.
Form of Government Identification
Ensure that your current government issued
photo ID matches the name under which you are registering for the
Exam. Only a current, not expired and original valid
government issued passport or driver's license which must include a
photograph of the FRM candidate will be accepted for identification
purposes. GARP will not accept work/employer identification cards,
voter's identification cards, a learner's permit or student ID
cards. The name on your government issued identification
(passport, driver's license) must be exactly the same as the name
on your Exam registration. For example, the name 李学成 cannot be used
to register for the exam; Xuecheng Li would be the correct name to
use to register using the phonetic alphabet. If the name on your
Exam registration does not match that of your government-issued
identification, please contact us immediately at email@example.com
There are no exceptions to this policy,
regardless of what form of identification a candidate may have used
in past Exam administrations. Should a candidate arrive on
exam day without any of the GARP approved forms of government
issued ID, they will not be allowed to sit for the exam.
There are no exceptions to this. GARP typically
administers its exams in approximately 90 locations in more than 50
countries; because all of the different forms of identification
that are used worldwide, and which differ greatly from country to
country and from culture to culture, we cannot list all forms of
identification that are not acceptable. This is why we only accept
an original country-issued passport or a driver's license for
admission. We require that all candidates must abide by this same
Only GARP-approved calculators are permitted
to be used at the FRM Exam. Review the calculator policy
All Exam materials, including Exam booklets
and answer sheets, are the sole property of GARP. Completed
examinations will not be returned or shared partially or fully with
Your Exam materials must be given to the
Proctor prior to leaving the Exam room for any reason including
trips to the restroom.
If you finish either session before the end
of the allotted time, you may leave the testing room but only after
you have handed in all your examination materials to the proctor.
Once you leave the testing room after completing a session, you may
not return. No one may leave during the last 30 minutes of either
Should you leave the testing room and
inadvertently take the examination materials with you, your Exam
will not be graded. This is a violation of GARP's testing
Proctors and security personnel may ask to
inspect your belongings at check-in to ensure that prohibited items
are not carried into the testing room. Click here
to learn which
items are prohibited.
There are no refunds given under any
circumstances for either the FRM Exam registration fee or the FRM
Exam enrollment fee. Candidates cannot transfer a registration to
another candidate. Candidates do, however, have the option to defer
their FRM Exam to the following exam date, but they will be subject
to a US$100 administrative processing fee for the deferral.
Exam Site Closings
GARP, in its sole discretion, may determine
it is necessary to close an exam testing site due to evacuation,
natural disaster, acts of military, political or government
authority, or "acts of God". Should such a cancellation occur, GARP
will make every effort to notify candidates as soon as
If we have to change or cancel the exam at a
site for other reasons, GARP will make every effort to provide
advance notice and inform the candidates of the new testing site
and/or additional options.