Some of these changes are as follows: 1  The Church was no longer independent from the state. 2  They reached the end of feudalism. 3  The people of France gained rights and liberties, along with legal equality. 4  Women gained some power; mainly a voice for political and social rights.
The CFA Program includes a series of three exams; Levels I, II, and III. Are offered annually â at test centers around the world â on the first Saturday in June. The Level I exam is also offered in December.
Based on the grading and recommendations of the charter holders, CFA Instituteâs board of governors set the MPS for CFA Level 1 examination. MPS is used an internal measure by CFA Institute and is never disclosed. Once the MPS is set, CFA institute generates the results for the candidates who appeared for the exam.