The Interim Assessment will be released during the first quarter of 2008. Candidate progression will NOT be delayed as the timing of the release is consistent with the schedule that would have been in place if FAP Exam 1 was to be continued into 2008.
Damn. Hope this won't pan out so I'll feel better.
Candidates who have passed FAP Exam 1 will NOT complete the Interim Assessment.
The Module 5 End-of-Module Exercise will be removed on December 1, 2007. During the transition period (i.e., between December 1 and the rollout of the Interim Assessment) candidates will be able to proceed to Module 6 BEFORE completing the Interim Assessment. When the Interim Assessment is released in 2008, candidates will submit their assessments and upon submission will get access to Module 6.
Not bad; SOA does something right for a change.
Candidates will complete the Interim Assessment under controlled conditions with formal grading (i.e., every Interim Assessment will be formally graded). Candidates will have one month to complete the Interim Assessment. A one-month personal assessment clock will start when candidates download the Interim Assessment. Candidates must submit (upload) assessment files before the clock expires. If the clock expires, the assessment will receive an automatic grade of “does not meet minimum requirements” and the SOA will be unable to reverse the decision. NO exceptions will be made.
One month?!? Double-You-Tee-Eff!!!
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