HKSI LE Exemption

May 4, 2021

Let’s talk about Exemptions: Hong Kong Securities and Investment Institute (HKSI) Licensing Examination Paper 7,8,9,11,12 – Common Misunderstandings we all have when it comes to comprehending the Hong Kong Securities and Investment Institute’s (HKSI) exemption methods and requirements. 

Able to Have Exemptions from HKSI Examination Papers 7 to 12

By fulfilling any of the following options including academic qualification and/or industry experience, registrants can be exempted from sitting for HKSI Exam Papers 7 to 12, and would only have to sit for HKSI Exam Paper 1 to register for a license. 

Applicants who are required to sit for HKSI Papers 7 to 12

If licence applicants are not eligible to be exempted from HKSI Paper 7 to 12, they must fulfill any of the following options including academic qualifications and industry experience, pass HKSI Paper 1 as well as the necessary examinations for their designating type of regulated activities to be eligible for registration.

For applicants who are not eligible to apply for a licence

If applicants were not able to fulfill the aforementioned requirements, we sincerely suggest the following solutions:

Attend night school

Attend a bachelor’s degree course in the related fields (Could consider colleges from less developed countries)

Gain industry experience

Please fulfill the other requirements before taking the HKSI Licensing Examination. It would be a waste of time and money if an applicant took the exams but have not even fulfilled the other requirements for licence registration.

Does a pass in HKSI LE Papers 1,7,8 equal to having a licence?

Hong Kong Securities and Investment Institutes (HKSI) offers only the licensing examinations.

The examination itself is not a licence.

By passing the exams, examinees only fulfill ONE of the registering criteria to register for a licence through SFC.

Please note that if examinees did not report their exam results to the SFC, the examination results are useless.

The number codes for listing regulated activities by the SFC are in no way relevant to the HKSI exam paper numbers.

Am I eligible for a 1, 7, 8 licence if I’ve passed HKSI LE Paper 1?

•HKSI does not have the power to issue licence, since HKSI is not a legal entity to issue legal licence. There, HKSI 1,7,8 licence does not exist.

•Hong Kong Securities and Investment Institutes(HKSI) only offers related qualifying examinations.

•The examination itself is not a licence.

•By passing the exams, examinees only fulfill one of the registering criteria to register for a licence through SFC.

•Please note that if examinee did not report their exam results to the SFC, the examination results are useless.

•The number codes for listing regulated activities by the SFC are in no way relevant to the HKSI exam paper numbers.

Is being exempted from examinations equals to passing HKSI’s Licensing Examinations?

•As the examinee did not sit for the exams, it is impossible to get a pass at an exam they did not attend. Therefore, there is no necessary relationship between being exempted from the HKSI exams and passing the HKSI examinations.

•Getting exempted implies that the examinee has already fulfilled some of SFC’s criteria for an individual to register for a licence, and the exemption is only an approval from SFC that one has obtained the same ability with what the licensing examinations are trying to proof.

Please support us by leaving comments and likes if you think this article helps you!

You can scan or click on the QR codes to visit our social media.

Latest Article

Categories

過往文章

Contact US

Interesting Articles

Why can’t you learn the practise questions by rote when studying for the IIQE Insurance Exam?

May 25, 2022

Students who have taken/ who are going to take the IIQE should know the study note is a several-hundred pages, paragraph form booklet illustrating the exam coverage. Not to mention the length of the text, the expression of concepts requires readers’ intense concentration. So some candidates think that doing only the practise questions should be…

Why can’t you learn the practise questions by rote when studying for the HKSI Licensing Examination (LE)?

May 18, 2022

Students who have taken/ who are going to take the HKSI LE should know the HKSI study note is a several-hundred pages, paragraph form booklet illustrating the exam coverage. Not to mention the length of the text, the expression of concepts requires readers’ intense concentration. So some candidates think that doing only the practise questions…

How to register for the IIQE Insurance Intermediary Qualifying Examination?

May 11, 2022

The IIQE exam should be registered at PEAK instead of the Insurance Regulatory Bureau. The IIQE exam places are quite sought-after. If students have an urgent need to take the exam, students should decide to register as soon as possible. The test period will be issued on a day between the 12th to 17th of…

How to register for the HKSI LE Securities and Futures Practitioner?

May 4, 2022

The HKSI LE exam must be registered at HKSI, but not the SFC. There are two methods for registration. The most popular one is online registration, followed by in-person registration. How to register for HKSI exam Register online: 1. To register for the exam, you must first register as a member of HKSI 2. Click…

Losing Friends and Family Is Inevitable Once Joined the Insurance Industry? 10 Benefits of Working in The Insurance Industry That Can Overturn Your Stereotypes

April 20, 2022

Must people in the insurance industry lose their friends and family? NO! It is not that you won’t have friends when you join the insurance industry. In fact, it depends on whether you use the correct method to sell. When you only care about commissions and don’t care about the needs of your customers, selling…

What kind of jobs can I get after I pass the IIQE Hong Kong Insurance Exam?

April 13, 2022

After passing the IIQE (Insurance Intermediary Qualifying Examination) in Hong Kong, students can start looking for jobs. What job options are there? Bank Relationship Manager (RM) / General Banking Officer (GBO) / Personal Banking Officer / Assistant Relationship Manager (ARM) Some sales positions in the bank, including Relationship Manager (RM) and their assistant – Assistant…

What job opportunities can I get in Hong Kong after passing the HKSI LE securities exam?

April 7, 2022

First, I would like to clarify that some people do not take the HKSI Licensing Examination (also known as LE exam) to find a job, but just to learn more about the financial/ securities market and equip themselves with the necessary knowledge in a compact and more organised way. This article will not cover information…

10 Benefits of Working in the Securities Industry Which Can Bring You a Whole New Perspective

March 30, 2022

Is there an insufficient supply of positions in the securities industry? There are contradictory opinions on the internet. Some say that the financial industry is in demand for talents; others say that the financial industry has burst, and there are too many monks with only a little porridge. From my experience in the recruitment industry…

Is the Securities, Insurance or Real Estate Industry Better? Comparing Incomes amongst Finance Industries

March 22, 2022

Securities and Banking  According to statistics on the Internet and our experience, in Hong Kong, even for some common junior or middle-level positions in the financial/ securities industry, such as risk analyst, research analyst, and compliance officer, the average base salary is between HK$20,000 and 30,000 per month. Many people who have sufficient work experience…

What is updated in 2022 in IIQE Paper 1 Insurance Exam Study Manual? Is the 2017 or older version sufficient for the upcoming exams?

March 18, 2022

The 2021 version of IIQE Paper 1 was officially applicable to exams in 2022 Insurance Authority has taken over the supervision of the insurance industry for more than two years. The IIQE Paper 1 (Insurance Intermediary Qualification Examination) finally put the new regulatory structure in the study manual, and the new study manual can be…