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Re-registering for Level 1; can I switch to Level 2 if necessary?

Hey guys

I’m scheduled to sit for the December 2011 Level 1 exam; but I must be realistic and feel I will not pass this one.  I’d like to register now for the June 2012 L1 exam to sure my place at desired center.  However if I would pass now in December, would I be able to switch registration later to Level 2 in June?

Hope someone knows!

Regards!

You’re ready to take on the CFA® Program, so stop guessing where you should begin. You give us your study dates, we’ll give you the study plan. Our adaptive activity feed breaks down your 300 hours into bite-sized weekly tasks that fit into your life.

You will not be allowed to register for June 2012 exam until you receive your results for Dec 2011.

Yippee-ki-yay