How to apply for an SFC Hong Kong Securities License?

June 24, 2021

Many students who have no experience in the securities industry feel puzzled about the procedures regarding applying for a license. This article mainly teaches students how to prepare to apply for a securities license.

 

First, to apply for a securities license, you need to meet the ”Guidelines on Competence” issued by the securities and futures commissions. For example, you need to pass the HKSI LE (The Licensing Examination organised by the Hong Kong Securities and Investment Institute) Paper 1. If you do not meet the exemption conditions, you need to take at least 2 other papers within 3 years. In addition to passing the papers, you must also meet the following conditions, 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. You must also possess appropriate abilities and skills in order to be deemed suitable in entering the securities industry. If these conditions are not met, it will affect one’s career in the securities industry. 

 

” Guidelines on Competence “

https://www.sfc.hk/-/media/EN/assets/components/codes/files-current/web/guidelines/guidelines-on-competence/Guidelines-on-Competence.pdf

 

Whether you decide to look for a job or take the exams first, both decisions are actually doable without any particular order. Taking the exams first can show your sincerity towards your prospective employer and the job you’re looking to apply for; whereas finding a job first before applying to partake in the exam can ensure that your effort is not wasted. Although the two approaches do not have any particular order, they are indeed indispensable. Let’s talk about the exams first. After successfully obtaining the relevant exam results, you need to download or keep a printed copy of the score notice, and pay attention to the validity period of the score. As for finding a job, you need to find a company to hire you before you can apply for a license. Because the SFC will only process individual applications with the circumstance that that person is appointed under a company, and will not accept applications that are submitted by individuals on their own; as the individual licenses cannot be valid without a company (Principal). Therefore, to obtain a license, you should either find a job or open a company on your own. 

After passing the exam and obtaining a job, you need to check with the HR or the compliance department on what documents are required to be submitted. If you wish to be more meticulous, you can even prepare some necessary documents in advance. For example, if you want to be exempted from taking HKSI LE Papers 7-12, you will need to prepare a certificate proving your academic qualifications/work experience, you may also include a paragraph explaining how the degree is related to economics, business administration, law, finance and accounting, or how the work experience is related to the securities industry. Secondly, you also need to submit your personal information to the colleague who submit the license application form for you; You must include your employment records in the past 5 years, as well as other directorships and business involvements, to declare your personal interests, hence to avoid conflicts of interest at work in the future.

 

After submitting all the documents to the HR or compliance department, your duties in applying for your license are complete, the rest of the application procedure will be done by your HR or compliance colleagues. They will submit your application to the Securities and Futures Commissions (SFC), as well as answering any questions raised by the SFC; in saying that, your colleagues may also need your help in the process.The application may take several weeks to ten weeks, depending on your background or the complexity of the certification and the workload of the SFC staff.

 

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: info@2cexam.com Wechat: hk2cexam WhatsApp: +852 9347 2064

 

Latest Article

Categories

過往文章

Contact US

  • Phone:

    +852 2110 9644

  • Email:

    info@2cexam.com

  • WhatsApp

    +852 9347 2064

  • WeChat

    hk2cexam

Interesting Articles

HKSI LE Securities Exam Info For Dummies

September 23, 2021

  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…

Why do so many people choose 2CExam’s products and video classes?

September 17, 2021

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,…

What are bibles offered by 2CExam? Are there any questions included?

September 15, 2021

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?

September 14, 2021

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…

How Do You Get a Refund If You Bought 2CExam’s Products and Failed the Exam?

September 10, 2021

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…

How to Use 2CExam Pass Paper / Mock Question Banks?

September 8, 2021

  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?

September 7, 2021

  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,…

Why would it be a disadvantage for foreigners to take the IIQE exam?

September 6, 2021

  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…

Why is it a disadvantage for foreigners to take the HKSI LE securities exam?

September 3, 2021

  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…

Which IIQE exam is easier? The English version or the Chinese version?

September 2, 2021

  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…