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FSA Track Changes and Transition Rules for 2023 | SOA

Announcement: SOA releases passing candidate numbers for February 2025 Exam FM.

FSA Track Changes and Transition Rules for 2023

The following FSA exam changes will be effective with the April/May 2023 exam administration.

Details and Transition Rules

The changes, transition rules, and hour reductions by track are provided at the links below.

Special transition rules for candidates with ERM exam credit

Candidates outside the CFE track who have passed the ERM exam at the fall 2022 administration or earlier will receive transition credit for the ERM exam plus their specified track exam below.

  • GH Track: Risk Mitigation exam (3 hours)
  • ILA Track: Life ALM and Modeling exam (3 hours)
  • QFI Track: Investment Risk Management exam (3 hours)
  • RB Track: Investment and Risk Management exam (2 hours)
  • GI Track: Advanced Topics exam (3 hours)