What exam should I take if I want to be a sponsor?

May 26, 2021


In Hong Kong, unless an individual or company is exempted, If they wish to conduct the ten “regulated activities” defined by the Securities and Futures Ordinance, they need to apply for a license/registration with the Securities and Futures Commission.


Type 1: Dealing in securities

Type 2: Dealing in future contracts

Type 3: Leveraged foreign exchange trading

Type 4: Advising on securities

Type 5: Advising on futures contracts

Type 6: Advising on corporate finance

Type 7: Providing automated trading services

Type 8: Securities margin financing

Type 9: Asset management

Type 10: Providing credit rating services


Examples include serving as sponsors for initial public offerings (IPOs) for licensing applicants, working in investment banks, etc., which belong to Type 6 regulated activities and require a license/registration from the Securities and Futures Commission. One of the conditions for licensing/registration is to partake in and pass the Licensing Examination for Securities and Futures Intermediaries (HKSI LE).


What exam do you need to take?


It depends on what position you partake in your company. If you are new to the industry and have no experience in the securities industry, you should start as a licensed representative. Licensed representatives of institutional financing need to take HKSI LE Papers 1, 7, 11. Different exam papers correspond to various activities. Regarding information will be explained in detail below.


Examination papers required to be taken by licensed representatives


If you want to become a sponsor (licensed representative), you need to obtain passing results in HKSI LE Papers 1, 7, 11, 16. If there is an exemption, passing results in paper 7 and 11 are not required.For exemption information, please refer to 


Exam papers required to be taken by Responsible Officer 

If you want to become a sponsor (responsible officer), you need to take HKSI LE Papers 1, 5, 15. If you are a licensed representative and have passed HKSI LE Paper 1 before, you do not need to retake HKSI Paper 1 again.

If more than one exam paper is required to be taken, which one should I partake first?

There is no requirement for the order of passing the exam in all the qualification exam papers. Candidates can apply for different exam papers according to their needs and decide the order of their own. For example, the exams of paper 2, 6, and 16 can still be taken if a candidate  has not taken paper 1 yet. Although there is no official restriction on the order of taking the exams, we recommend students to start with the paper 1 exam, because the paper 1 exam is the foundation, and many of the other papers are part of the content of the paper 1 exam, or an extension of a certain chapter of the paper 1 exam. Studying paper 1 allows the candidate to have a relatively macro and clearer mind map of various concepts, hence it is easier for candidates to connect the different concepts.


How should I study for the exam?


The pass rate of HKSI LE has always been a big worry for many candidates,  Here we recommend a review method for everyone:


  1. First study the material study manual / 2CExam Youtube instructional video by each chapter 


English Videos

HKSI LE Paper 1 Free Class



Chinese Videos

HKSI LE Paper 1 Free Class https://www.youtube.com/watch?v=Gj8tfrHGFOY&list=PLilKLKW6-ssjSl1PCuyTymFWQJwT_jmua


HKSI LE Paper 2 Free Class



HKSI LE Paper 6 Free Class



HKSI LE Paper 7 Free Class



HKSI LE Paper 8 Free Class



HKSI LE Paper 12 Free Class



This revision method takes 20-25 hours, and statistically has a pass rate of 80%.

No statistics are available for other review methods.


2CExam is a company that specializes in training candidates to take the securities, insurance and real estate exams. Regarding IIQE, 2CExam has produced free Cantonese video teaching Paper 1, 2, 3, which is publicly released on major well-known video sharing websites at no additional charge. If students have difficulty understanding the content of the study manual when taking the HKSI paper 1, 2, 3, they can choose to watch the other instructional videos. If you want to purchase review materials to better understand the content of the exam, you can visit www.2cexam.com (physical product) or www.hksiiiqepasspaper.online (online version)


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: [email protected] Wechat: hk2cexam WhatsApp: +852 9347 2064

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