AICTE CFA Institute Dispute Resolved

Updated on: Friday, April 27, 2012

The litigation between CFA Institute and the All India Council for Technical Education (AICTE) has been resolved, enabling the global association for investment professionals to once again administer the CFA Program in India.

CFA Institute challenged the Delhi High Court with a 2007 AICTE order prohibiting the CFA Program in India. At a hearing held on April 17, 2012, the AICTE declared that its executive committee had concluded that the existing AICTE Regulations do not apply to the CFA Program.

John Rogers, president and CEO of CFA Institute, said, “We welcome the decision of the AICTE and we appreciate the AICTE’s additional review. CFA Institute is very pleased to clear this uncertainty over the CFA Program for the benefit of all Indian candidates.”

“Candidates can now freely register for the exam in India in order to gain the CFA designation, which is widely recognised as the global gold standard for professional designation in the financial industry,” Rogers further added.

He concluded, “We look forward to the continued growth of the CFA Program in India, and our contribution to the growth and development of India’s financial markets.”

India, one of the largest markets globally, comprises of more than 20,400 exam registrations in the fiscal year 2011.

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