FRM Part II · what changed for your attempt
FRM Part II November 2026 and May 2027: applicable amendments and notifications
Checked against GARP's official announcements, as of 12 October 2026. Each item links the official notice; read it before you rely on it.
GARP reviews the FRM curriculum every year and releases the new Learning Objectives, Study Guide, books and Part II readings on 1 December for the following calendar year's exams. It does not publish a separate change notice per exam window.
At a glance
| Update | Type | Applies to |
|---|---|---|
| Which FRM curriculum year applies to your Part II window | Applicability notice | November 2026, May 2027 |
Applicability notice · notice of 1 Dec 2025
Which FRM curriculum year applies to your Part II window
GARP revises the FRM curriculum annually and releases new study materials on 1 December for the next calendar year. The November 2026 exam is therefore based on the 2026 curriculum, whose Study Guide was last updated on 1 December 2025. The May 2027 exam will follow the 2027 curriculum, which GARP has not yet released as of this check; it is due on 1 December 2026. Part II also tests required online readings, which change with the curriculum year.
What to do: Sitting in May 2027? Check the 2027 Learning Objectives and required readings when GARP releases them on 1 December 2026, especially the Current Issues in Financial Markets readings.
Effective: 2026 curriculum for 2026 exams; 2027 curriculum for 2027 exams · Attempts: November 2026, May 2027
Scope: the whole exam, not one chapter.
Official source: GARP - FRM frequently asked questions (how often the study material changes) · GARP - 2026 FRM Study Guide (last updated 1 Dec 2025) · GARP - FRM study materials (Part II required readings)
This page lists only items we could verify on GARP's or the regulator's own website, summarised in our words. If GARP publishes a newer applicability notice, it overrides this page. Check for new notices: GARP - FRM study materials.