Questions regarding applying a for license after passing the HKSI LE exam

June 2, 2021

Questions regarding applying for a license after passing the HKSI exam 

 

Students often inquire about licensing issues after passing the HKSI LE examination. Many people ask what other factors will affect the licensing besides the examination results ? In fact, there are several conditions that need to be met:

 

The first one is to pass the HKSI LE exam;

 

secondly, is that you have to be engaged in a registered institution or a licensed corporation to apply for a license/registration for you. The Hong Kong Securities and Futures Commission only accepts the registration of//license application from institutions.If you pass the exam, but never apply for a license, your results will expire after 3 years.

 

Thirdly, in order to apply for a license, some personal conditions need to be met, such as creditworthiness, financial status, and whether one has a criminal record. Simply put, you should have no recent records of bankruptcy or any criminal behavior. Generally speaking, most people can be qualified for this condition.

 

So the key is to find a job. If you find a job, your application or registration will be much simpler. The exam results are valid for 3 years. If you can’t find a job in these 3 years, your exam result will basically expire. 

 

Lastly, let’s assume you found a company that is willing to apply for your license, but you eventually decided to leave, what will happen to your license? In this case. If you leave your job, you should find another company to hire you as soon as possible, and then apply to the Securities and Futures Commission for the transfer of license/registration within half year of your resignation. The relevant license/registration can be retrieved quickly within half a year after resignation, and you do not need to retake the exam. However, the license type must be of the same property with the previous one. Otherwise, you may need to take the relevant exam(s). If it is a license of the same property, for example, if you originally hold a type 1 license, and now you need to apply for 1, 4 licenses, the SFC will decide whether to grant you the type 4 license based on your qualifications, since you already have the type 1 license, therefore it is not required for you to retake HKSI LE paper 7 and 8,  as the license is retrievable. If it is a license type that is not very relevant, for example, you were originally a representative of  type 2 license, and now you want to become a representative of license type 2 and type 9, you may have to take the HKSI LE Paper 12 to get the license type 9.

 

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

Latest Article

Categories

過往文章

Contact US

Interesting Articles

Is the HKSI LE exam easier to take in English? Or in Chinese?

September 1, 2021

  From time to time, students who purchase mock questions will ask us whether it is better to take the HKSI LE exam in Chinese or English?   If you have taken the exams several times and have paid attention to both the Chinese and English questions, you will find that the content of the…

Can I obtain an insurance license from the Insurance Authority (IA) without taking any examination if I have a foreign professional qualification?

August 13, 2021

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…

Can I apply for a real estate license from the EAA Estate Agent Authority if I have a criminal record?

August 13, 2021

  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…

Can I apply for an insurance license from the Insurance Authority if I have criminal records?

August 10, 2021

  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…

If I have a criminal record, can I still apply for the SFC’s securities license?

August 9, 2021

  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…

What is counted as relevant industry experience under the IA license transition arrangements?

August 6, 2021

  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),…

Minimum academic requirements for applying for an EAA license

August 6, 2021

  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…

Minimum academic requirements for applying for an IA license

August 6, 2021

  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…

Minimum academic requirements for applying for a SFC license

August 6, 2021

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…

How should I apply for a license if I want to engage in the real estate industry? What conditions must I meet?

August 6, 2021

  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…