Effective with the June 2017 administration of Exam FM (Financial Mathematics) and the July 2017 administration of Exam MFE (Models for Financial Economics) there will be significant changes in the syllabus (learning objectives and recommended readings). These changes were motivated by two factors.
The transition will be one-for-one. Candidates with credit for Exam FM by April 30, 2017 will continue to have such credit. Candidates with credit for Exam MFE by March 31, 2017 will continue to have such credit.
It is possible that some candidates will be tested on the basic derivatives material twice while others will not be tested at all.
(FM syllabus updated August 2016)
Draft FM and MFE syllabi for the revised exams. While no additional substantive changes are expected, the syllabi for these exams do not become official until they are posted on the respective exam’s home page. This typically occurs about five months in advance of
the exam. Note that for the revised Exam FM, there will be three new study notes. These are expected to become available in August 2016.