What is an SFC exam exemption? SFC stands for Sorting, Fluency, and Coding. Sorting is the skill of ordering information from least to greatest or vice versa based on set criteria. SFC fluency is being able to recognize which number comes before another in a sequence. Lastly coding refers to understanding the meaning behind symbols such as #, @, etc.
These exam exemptions are available for those who have been diagnosed with certain learning disabilities that pose an obstacle when taking these exams. It should be noted however that SFC test scores cannot be used alone at any school district across New York state but rather it serves only as one factor among many others considered by admissions officers during their decision-making process.
As you know, SFC is a professional qualification for financial service providers. It’s one of the most important qualifications in this industry. This exam exemption refers to the SFC requirements that are waived if an applicant holds another major or minor SFA qualification.
In this article, we will introduce 3 key points that must be taken into consideration before applying for this exam exemption.
The first key point is that this exam exemption is not a prerequisite for SFA qualification. Applicants who have already obtained SFA professional status can apply for this exemption if they meet the requirements of SFC.
The second key point is that applicants with financial consultancy experience may be exempted from some or all parts of these exams. ‘Financial consultancy’ refers to an advisory service on company sales, mergers, and acquisitions, restructuring, etc. Such tasks are similar to those required in SFC’s asset management part (AM) and liability management part (LM).
Finally, you need to know which qualifications will exempt you from taking certain parts of these exams: AM – CQF; LM – CQC; Derivative products- CQF; SFC license- CQC.
You can exempt yourself from taking these exams by holding qualifications like the Certified Quantitative Finance (CQF) or Licensed Asset Management Consultant (LAMC). The first article also mentioned how financial consultancy experience may be applicable to this exemption. Such tasks are similar to those required in SFC’s asset management part (AM) and liability management part (LM).
In conclusion, SFC offers an this exam exemption for people holding certain qualifications, while SFC also has some financial experience requirements.
For more information on this SFC exam exemption and how it works check online. We hope this information was helpful.