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.
There is no limit to the amount of times a candidate takes the CFA and once you have completed the course, no matter how long it took you, you will receive the exact same designation. For example, there are people out there that have taken 10 years to pass as they will fail multiple times on each of the three levels.