CFA Level 2 Exam will be conduct in first week of June 2016.

June 2016 CFA Exam Calendar (Levels I, II, and III):

July 2015
June 2016 exam registration opens
Upon registration Topic tests are available

28 September 2015
Early registration fee deadline

15 January 2016
Mock exams become available

1 February 2016
Awareness scholarship application deadline

17 February 2016
Registration fee deadline

16 March 2016
Late registration fee deadline

21 March 2016
Final deadline for disability and religious alternate date testing accommodation requests to be received

19 April 2016
Test center change request deadline

Early May 2016
Exam admission tickets become available

4 June 2016
Exam day

June–July 2016
Exams graded

July 2016
Level I and II exam results become available.

August 2016
Level III exam results become available.

CFA Level 2 Exam Structure and Timing

The Level II exam has a total of 20 item set questions:

Morning session:
10 item set questions

Afternoon session:
10 item set questions

In Level II exam there are a total of 120 items (20 vignettes with 6 items each) compared to 240 multiple choice items on the Level I exam.

Level II exam is worth 360 points, corresponding to the number of minutes on the exam.
The 120 Level II items are equally weighted,
3 points each,
no penalty for incorrect answers.