Earlier we shared that there are some circumstances where students who wish to join the industry as securities practitioners can possibly be exempted from certain exams based on their academic qualifications and/or work experience. If you meet certain academic and/or work experience requirements, students may not have to take HKSI LE Papers 7-12. In other words, as long as you pass HKSI LE Paper 1 plus other requirements for licenses are met, you will be eligible to apply for 1,2,4,5,6,8,9 regulated activities. In addition to saving the effort of studying, you can also save a sum of examination fees. For the exemption conditions, please refer to the following article:
Exemption from Hong Kong Securities and Investment Institute (HKSI) Qualifying Examination HKSI Paper 7,8,9,11,12
FAQ about exemptions for HKSI LE Paper 7-12
Many students still have various questions about the exemption. Therefore, here we will share some frequently encountered cases and the answers we have obtained from consulting the SFC staff:
- Does a bachelor/masters major in management qualify for exemption?
Management is not one of the subjects that can waive the relevant papers.
- Does a bachelor/masters major in marketing qualify for exemption?
Marketing is not one of the subjects that can waive the relevant papers.
- Do I qualify for exemption if I studied liberal arts/ science/ other subjects at university?
It’s not necessarily impossible. First of all, you must see if there are 2 or more subjects related to economics, finance, law, accounting, and business administration in your university degree/master/doctoral degree.
- Is there an exemption for candidates who hold foreign/ mainland Chinese university degrees?
Based on the Guidelines on Competence issued by the SFC, there is no specific list that excludes any universities from being eligible for exemption. Even the university degree in the Philippines or Iceland is also available for reference. For example, Massachusetts Institute of Technology, California Institute of Technology, Zurich Institute of Technology, Royal Institute of Technology or Hong Kong Polytechnic University, The Open University of Hong Kong or the Open University of the United Kingdom, Biliqin National University, University of Ethiopia, University of Cambridge, University of Oxford, City University, Hong Kong Science and Technology University, Shue Yan University, Hang Seng University, Lingnan University, The University of Hong Kong, The Chinese University of Hong Kong, The University of Tokyo, Kyoto University, Peking University, Fudan University, National Taiwan University, New York University, Chiang Mai University, University of Munich, University of Copenhagen, University of Paris , University of Toronto, University of Chicago, University of Sydney, University of Melbourne, Stanford University, Liberty University, Yonsei University, Sungkyunkwan University, Sheffield University, Yale University, University of Pennsylvania, University of Michigan, University of Edinburgh, King’s College London, The Dutch Catholic University of Leuven, University of Manchester, Wageningen University, University of Montreal, University of Tubingen, University of Leiden, University of Amsterdam, and Shanghai Jiaotong University are also universities recognized by the Securities and Futures Commissions.
- Is there an exemption for candidates who hold a top up degree in finance and law?
Top up degree majoring in economics, finance, law, accounting, business administration can also be used to waive HKSI LE Papers 7 to 12.
- Is there an exemption for candidates who hold an associates degree?
As the associate degree is not at the same level as the bachelor degree in terms of qualification level, therefore one must obtain 2+ years of relevant work experience within the 5 years period before he/she can be exempted for HKSI LE paper 7 to 12.
- A top up bachelor degree graduate who is transferred from an associate degree/high diploma passed 2 or more subjects related to economics, finance, law, accounting, and business administration in his/her associate degree/high diploma. In this case can he/she get an exemption?
If the top up degree course itself has 2 or more subjects related to economics, finance, law, accounting, and business administration, HKSI LE papers 7 to 12 can be exempted. But if the subject is only contained in the Higher Diploma and Associate Degree programme, one must provide a written proof stating that the relevant credit has been transferred to the top up degree, or else you cannot use this educational qualification to waive LE Papers 7-12
- Can I apply for an exemption if I have studied related subjects but have not graduated?
Since you have not completed the entire degree course and have not obtained the degree, you cannot apply for an exemption using this degree if you have not graduated.
- If the names of elective subjects are ambiguous, can they help with the exemption?
First of all, names that seem to be related to economics, finance, law, accounting, and business administration do not mean they can definitely help you exempt LE Papers 7-12. The content of the subject is what matters. If the name of your elective subject is rather ambiguous and cannot express its content, but you want to prove that the subject is a subject of economics, finance, law, accounting, and business administration, you can take the initiative to contact your alma mater (the institution that issued the graduation certificate) ) and request to provide written proof of the description of the subject. If the staff of the SFC is convinced, it can be successfully counted as one of the exemption conditions.
- I have a university degree but I did not pass the previous DSE/CE (Hong Kong Diploma of Secondary Education/Certificate Examination), can I be exempted?
Yes, the SFC only takes into account your highest degree, as long as your university degree can be used to waive HKSI LE paper 7 to 12, then you will be eligible.
**However, students need to note that whether or not they can obtain a license from the SFC is actually subjectively judged by the case officer of the SFC after reading the entire profile of the student. Since the terms of the Guidelines on Competence of the Securities and Futures Commission are general, although employees act according to the same guidelines, everyone’s understanding may be slightly different. Therefore, whether they can be exempted and whether they can apply for a license depends on the staff of the Securities and Futures Commission. It is decided on a case-by-case basis after considering different factors.
Do I need to apply for exemption from HKSI LE Papers 7-12? Should I fill in an application form and what documents should I provide?
If students are exempted from HKSI LE Papers 7-12 using their academic qualifications and/or work experience, they do not need to fill in additional application forms or documents, as long as students submit relevant academic certificates (may be graduation certificates, or even transcripts and/or work certificates to their company and then their company forwards it to the Securities and Futures Commission (/HKMA), they will be able to obtain an exemption.
How can we help?
2CExam provides HKSI LE, IIQE, EAQE and SQE related exam preparation materials. We sell mock question banks for IIQE Papers 1, 2, 3, 5 and MPFE in Chinese and English; and bibles for IIQE Papers 1, 2, 3, MPFE in Chinese. We also offer 1 on 1 tutorial services. Besides, we have also made free tutorial videos for IIQE Papers 1, 2, 3 and MPFE and posted on public channels such as Youtube/ Bilibili/ Tencent/ Iqiyi. 2CExam has been an exam training expert for years. Should you need any help please visit www.2cexam.com or contact us through:
Phone +852 2110 9644 Email: firstname.lastname@example.org Wechat: hk2cexam WhatsApp: +852 9347 2064
+852 2110 9644
+852 9347 2064
HKSI LE Securities Exam Info For Dummies What papers should I take The differences between a SFC Responsible Officer (RO), HKMA Executive Officer (EO) and a Sale Representative (Rep) https://2cexam.com.hk/a1061_eng/ Which paper I should take： https://2cexam.com.hk/A1064_eng/ Waiving LE Papers 7-12： https://2cexam.com.hk/A1015_eng/ FAQ about exemption： https://2cexam.com.hk/A1018_eng/ Exam Registration Registration…
2CExam is excellent at preparing candidates for professional examinations. Why do so many people choose 2CExam’s products and watch 2CExam’s video classes? 2CExam provides a large number of Youtube video classes, including HKSI LE Papers 1, 2, 6, 7, 8, 12 Chinese courses, HKSI LE Paper 1 English courses, IIQE Papers 1, 2,…
Do bibles include practise questions? Bible and Pass Paper Question Bank are two separate products. “Bible” is composed by us according to HKSI’s study manual and does not consist of any mock questions. It is a study note available in Chinese only as of now. “Pass Paper Question Bank” includes questions prepared by us, with…
How are mock questions written by 2CExam? Are the questions past paper questions? What are the specialties and advantages of 2CExam’s question banks?
How are mock questions written by 2CExam? Are the questions past paper questions? Due to intellectual property issues, 2CExam mock questions are not copied from the past papers, but composed by their own editors. The questions are different from the questions you are going to see in the actual exam. If they bear any resemblance…
There’s a money-back guarantee for 2CExam’s products? 100% full refund? Do they really refund? Absolutely we do refund. We only make promises that we can keep. As long as candidates follow the instructions on the terms and conditions of Money-back Guarantee, we offer 100% full refund. Why are we so confident? It is because based…
Do you need to take the HKSI LE securities exam / IIQE insurance exam / EAQE, SQE real estate exam? Are you upset about how to stuff the considerable knowledge into your brain? 2CExam is here to help! Our motto is “Despise Learning, Secure Passing!” Our company provides various exam related products and…
Can Top Up Degree be exempted from HKSI LE securities examination? Can I be exempted without previously studied finance?
The Guidelines on Competence of the SFC specify that as long as students meet the specified level of academic qualifications and/or work experience, they can be exempted and do not need to take the HKSI LE Securities Examination Papers 7-12. Exempted students only need to take the HKSI LE paper 1, which saves time,…
Some students who have taken the exams several times may pay attention to both the Chinese and English questions simultaneously, they will find that the content of the questions in Chinese or English exam is actually the same. Sometimes the topics are more difficult to understand in Chinese, and some topics are more difficult…
The HKSI LE exam provides two languages, Chinese and English, and both are provided during the exam. Some students who have taken the exams several times may pay attention to both the Chinese and English questions simultaneously, they will find that the content of the questions in Chinese or English exams is actually…
From time to time, students who purchase mock questions will ask us whether it is better to take the IIQE exam in Chinese or English? Some students who have taken the exams several times may pay attention to both the Chinese and English questions simultaneously. They will find that the content of the…