Archive for August 2021
Can I obtain an insurance license from the Insurance Authority (IA) without taking any examination if I have a foreign professional qualification?
Does the IA recognize insurance-related work experience gained outside of Hong Kong? Some students will ask us what kind of work experience is considered as insurance related industry experience, because their academic qualifications do not meet the requirements. Some people might have the misconception, thinking that without a license, how can one have industry…
Read MoreCan I apply for a real estate license from the EAA Estate Agent Authority if I have a criminal record?
To apply for a real estate business license, you need to meet the “fit and proper” guidelines issued by the Estate Agent Authority (EAA). Estate Agent Authority will explore your past criminal records including but not limited to rigging, fraud or other dishonest acts, such as theft, handling stolen goods, using false documents, leaving…
Read MoreCan I apply for an insurance license from the Insurance Authority if I have criminal records?
To apply for an insurance license, you need to meet the “Fit and Proper” Guidelines issued by the Insurance Authority (IA). The IA will look into your past criminal records, the Monetary Authority / Securities and Futures Commission / MPFA / other relevant agencies’ sanction records, as well as whether there are any places…
Read MoreIf I have a criminal record, can I still apply for the SFC’s securities license?
To apply for a securities license, you need to meet the Guidelines on Competence issued by the Securities and Futures Commission. Among them, the SFC will explore your past criminal records, whether you have ever had disciplinary actions, known frauds, misrepresentations, etc. in other licensed corporations in the past. In other words, past…
Read MoreWhat is counted as relevant industry experience under the IA license transition arrangements?
One of the most repercussive reforms after the Insurance Authority took over the supervision of the insurance industry is the change of the minimum academic qualification requirement from Secondary school form 5 level to passing 5 subjects in the Hong Kong Certificate of Education Examination (HKCEE) / Hong Kong Diploma of Secondary Education (HKDSE),…
Read MoreMinimum academic requirements for applying for an EAA license
Is there a minimum education requirement for the real estate industry? The conditions for the licensing of the real estate industry are included in the “Fit and proper person to hold a licence” guidelines issued by the Estate Agent Authority (EAA). All real estate agents and salespersons who wish to be licensed must…
Read MoreMinimum academic requirements for applying for an IA license
Is there a minimum education requirement for the insurance industry? The conditions for licensing in the insurance industry are included in the “Fit and Proper” Guidelines (GL23/Guideline 23) issued by the Insurance Authority. All intermediaries who wish to be licensed must abide by this guideline. IA listed the educational requirements for intermediaries…
Read MoreMinimum academic requirements for applying for a SFC license
Is there a minimum education requirement for the securities industry? The licensing requirements for the securities industry are set by the Securities and Futures Commission (SFC) and compiled into the Guidelines on Competence. All intermediaries who wish to be licensed or registered for regulated activities are required to abide by this guideline. SFC lists…
Read MoreHow should I apply for a license if I want to engage in the real estate industry? What conditions must I meet?
First of all, to apply for a real estate intermediary license, you need to meet the “Fit and Proper” Guidelines issued by the Estate Agent Authority, such as passing EAQE or SQE. Secondly, The financial status of the applicant will also be reviewed, and the applicant cannot be under bankruptcy status or enter…
Read MoreHow do I apply for a license if I want to engage in the insurance industry? What conditions must I meet?
The insurance industry can not only help some people who may have urgent needs in the future, but also enables agents to possibly make a lot of money, as well as meet wealthy people, hence it is a very attractive profession. To go back to the basics, if a candidate wants to sell insurance…
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