To register successfully for the FRM or ERP Exams, candidates must:

• Complete the registration forms for the FRM/ERP Exams.
• Pay the registration fee by the Late Registration deadline.

Should a candidate decide not to attend the Exam after completing the registration process and paying the Exam Registration fee, he/she will forfeit the registration fee.

If a candidate wishes to sit for the Exam in the future, he/she must complete an additional registration application and pay all applicable fees.

Once successfully registered, candidates must adhere to the Candidate Responsibility Statement, which includes being bound by the GARP Code of Conduct.

Candidates have 48 hours after their Exam Registration to submit a refund request. All refund requests must be received via email to memberservices@garp.com.

• Candidates may defer their Exam registration only once to the next scheduled Exam date. Subsequent deferrals will not be considered.
• There is a USD 150 fee to defer.
• A deferral to the next Exam date must be submitted and paid by the Late Registration deadline.
• As a deferred candidate you will automatically be registered for the next Exam.
• If you have deferred and still attend the Exam, the deferral fee will not be refunded.
• If a candidate registers for both Exams, Part I and Part II on the same Exam date and then defers the Part II registration, but does not pass the Part I, the Part II registration will automatically be converted to a Part I registration once the Exam results have been released. To sit for the Part II Exam, he/she will need to complete an additional registration and pay all applicable fees.

To gain admission to the Exam site on Exam day, candidates must present two items:

1. A government issued passport or driver's license.

   • The passport or driver's license must be an original, valid and non-expired.
   • The passport or driver's license must include a photograph.
   • The driver's license must be issued by the country/region in which the Exam site is located.

2. A Printed Admission Ticket

   • GARP will neither accept nor allow admittance to the Exam with an electronic version of the Admission Ticket.
   • The name on the Admission Ticket must match exactly the name on the candidates' passport or driver's license that they present on Exam day. This includes an exact match of the first name, last name, and any middle name or initial.
   • Candidates may not write on the front or back of the Admission Ticket.

There are NO exceptions to GARP's Identification Policy, regardless of what form of identification a candidate may have used in past Exam administrations. If a candidate arrives on Exam day without an original, valid and non-expired government issued passport or driver's license, they will not be allowed to sit for the Exam.

Only the following types of business calculators are authorized for use on GARP's Exams. There will be no exceptions to this policy. Should a candidate use a non-authorized calculator at any time during the Exam, their Exam will not be graded.

Hewlett Packard 12C
(including the HP 12C Platinum, 12C Platinum 25^th Anniversary Edition, 12C 30^th Anniversary Edition, and HP12C Prestige)

Texas Instruments BA II Plus
(including BA II Plus Professional)

• Hewlett Packard 10B II
• Hewlett Packard 10BII+
• Hewlett Packard 20B

Candidates may bring two (2) authorized calculators to the Exam. However, only one may be on the candidate's desk at any time. The second calculator must be turned completely off and placed facedown under the candidate's seat. Note: If a proctor does not identify an unauthorized calculator prior to or during the Exam, this does not imply that the calculator may be used.

The following items MUST be kept on the candidate's table or desk during the Exam:

• The candidate's printed Admission Ticket
• The candidate's original government issued passport or driver's license
• GARP-supplied pencils; Note: Erasers or pencil sharpeners are not allowed in the exam room.

The following items MAY be kept on the candidate's desk during the Exam.

• One (1) GARP-approved calculator

ITEMS ALLOWED UNDER THE SEAT

The following items may be kept UNDER a candidate's seat during the Exam, preferably in a transparent bag.

• Wallet (money purse)
• Second or extra calculator
• Calculator batteries
• Eyeglasses
• Earplugs
• Tissues
• Medicine and other medical necessities
• Food and drinks (Note, all food and drink must be consumed outside the exam room)
• Cell phone (must be placed facedown and turned completely off. Airplane mode is not sufficient)

PERSONAL BELONGINGS

Coats, bags, luggage, etc., or any other miscellaneous items must be placed in an area designated by the proctor. Candidates will not have access to these items during the Exam.

EXAM DAY SECURTY

Neither GARP, the exam site, exam personnel nor vendors will assume responsibility or liability for any stolen, lost or damaged private property left in this area.

Proctors and security personnel may ask to inspect candidates' belongings before, during, or after the Exam to ensure that prohibited items are not available in the Exam building. All Exam materials, including the Admission Ticket(s), are the sole property of GARP.

TIME AND ANSWER SHEETS

• The Exams are four (4) hours each. This is a multiple choice, paper and pencil exam.
• The room supervisor is the official time-keeper.
• GARP will only grade from the answer sheet.

RESTROOM BREAKS AND LEAVING THE EXAM ROOM

• No candidate may leave the exam room without permission from a proctor and before turning in all Exam materials to a proctor.
• Candidates who need a restroom break should raise their hand and wait to be acknowledged by a proctor.
• Candidates who finish the Exam early may leave the room after handing in all Exam materials to a proctor. Candidates must then exit the building promptly and will not be allowed to return.
• No candidate may leave the Exam room during the last 30 minutes of the exam.

All clocks, watches, electronic devices and wearable technology (including FitBits and Google glasses) must be stored in an area designated by the proctor prior to the start of the Exam.

A candidate may bring one (1) cellular phone into the exam room. It must be turned completely off (airplane mode is not sufficient) and placed facedown under the candidate's seat.

If a candidate's cellular phone emits any type of noise (e.g., ring, beep, etc.) during the Exam, the candidate will not be allowed to continue with the Exam, the candidate's answer sheet will be collected (and will not be graded) and the proctor will escort the candidate from the exam room. This will apply if the cellular phone is in the exam room or in the designated personal belonging area.

All candidates must sign and date the Candidate Agreement on the front cover of the Exam. Failure to do so may result in an Exam Policy Violation.

Any activity that compromises the integrity or validity of the Exam, including any activity or misconduct before, during, or after the administration of the Exam would be considered a violation of GARP's Exam Policies.

If a candidate's actions result in an Exam Policy Violation, the exam materials may be collected, and the candidate may be dismissed from the exam room and site. A supervisor or proctor will complete an Exam Policy Violation Report and send the report to GARP. Should GARP determine that the action resulted in a violation of our Exam Policy, the following will occur:

• The candidate will receive an Exam Policy Violation notice from GARP's Exam Administration via email. The candidate is then given the option to reply with a detailed explanation of the violation.
• The candidates' response must be sent back within seven (7) calendar days after the date of the Exam Policy Violation Notice.
• GARP will review the candidate's response and will determine if the Exam(s) will or will not be graded and if any other action is warranted (i.e., dismissal from the FRM or ERP Program.)
• A final decision will be communicated to the candidate.
• Candidates cannot appeal GARP's final decision regarding any Exam Policy Violation or report.

If you would like to request your exam result to be manually retabulated the fee for such service is 100 USD. Requests for retabulation of your exam will only be considered within 30 days of the exam results being released.

To request a retabulation:

• Send an email request to memberservices@garp.com
• Pay the 100 USD retabulation fee. (Please note the invoice must be paid with 30 days of the exam results being released, in order for your request to be processed).

The retabulation process is not an appeals process, nor a re-grading service, nor will it change the grades on your individual answers. In fact, the retabulation process confirms that your answers were recorded and totaled correctly.

• If we conclude that your original exam results were recorded and totaled correctly, your retabulation result will only confirm that no errors were found. We cannot provide any further details about your individual results.
• If we conclude that the retabulation changed your exam result, we will refund the 100 USD fee (please note that this will take at least 7 business days to process).

Just as a reminder, candidates should not attempt to interpret an overall passing or failing exam result from the quartiles result that was provided. The exam result is determined by many factors and is not predetermined nor is it a specific percentage of the points either for individual modules areas or for the entire exam. The exam results are determined by the FRM/ERP Committee(s). All exam materials, including answers, are the property of GARP and will not be returned to you in either original or copied form.

A GARP Exam Administrator will pull your answer sheet and exam booklet; where they will verify your information which includes your name, GARP ID, Candidate ID and manually compare your marked answers to the answer key. If you changed an answer (bubbled in two answers for one question) to a specific question we will ensure that the question was graded based on the letter you put on the Final Answer column. We will then reconfirm the exam result was recorded and totaled correctly and the exam result is reflected in your GARP Portal. Please allow GARP up to 2 weeks for processing.

Your exam result is determined solely by the marks read by the scanning equipment. It is your responsibility to complete your answer sheet correctly to ensure all information is accurately recorded during grading. Failure to follow instructions may affect how the scanning machine reads and records your information.

We will not adjust any answers if:

• Marks made by a writing instrument other than a No. 2 or an HB pencil.
• Marks that do not fill an oval completely and/or are not dark enough.
• If you wrote a letter in the Final Answer column and did not bubble in a letter, we will not bubble in the answer for you nor will it be graded.
• If you wrote a letter in the Final Answer column that does not match the letter you bubbled in, we will not change your answer.
• We will only review answers from the answer sheet, not the exam booklet.

To complete the FRM/ERP Certification requirements, candidates must do the following:

• Pass the FRM/ERP Exam Part I.
• Pass the FRM/ERP Exam Part II within four (4) years of passing the FRM/ERP Exam Part I.
• Submit documentation of two (2) years of professional full-time risk management work experience within five (5) years of passing the FRM/ERP Exam Part II.

If you have additional questions, please contact memberservices@garp.com.