As per the revised Statement on Continuing Professional Education, the CPE requirements shall not apply to:

1. A member who attains the age of 60 years during a particular calendar year.
2. A member, for the year during which he gets his membership for the first time.
3. A member or class of members to whom the CPEC may in their absolute discretion grant full/partial exemption either specific/general, on account of facts and circumstances of the case which in their opinion prevent such person(s) from compliance with the requirements of CPE as given in this Statement.