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

 

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

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…

5 Reasons You Should Not Study Only the IIQE note

March 7, 2022

Students who are taking the IIQE or took it before would know that the study note is a several-hundred pages exam coverage full of long paragraphs. Not to mention the length of the texts, the expression of ideas requires the readers a lot of concentration to understand. Thus, some candidates think only studying the mock…

Can’t Earn a Lot with Low Educational Background? 3 Major Industries You Can Make a Fortune in

February 28, 2022

In today’s society, because of education inflation, having only a college degree may not help you get a job with a high salary. While there are many people who don’t actually have a particular career path inclination, as long as the salary is good enough, people choose that path. In fact, there are three major…

10 Tips for Preparing the HKSI LE Securities Exam

February 21, 2022

Many people think that the coverage of the HKSI LE securities exam is broad, and we are here to help you. The following are 10 small tips to improve the efficiency of revision and enhance the understanding of concepts! Improve Studying Efficiency Question Answering Skills How can we help? 2CExam provides HKSI LE, IIQE, EAQE…

How to change the game by passing the IIQE exam even with a low educational background?

January 31, 2022

You do not need a strong educational background to be successful in the insurance industry Always feel that your salary is low, and you cannot be promoted due to a low educational background? Do you want to have higher achievements and a faster and more professional career path? In fact, education is not the main…

9 Easy Secrets for Preparing the HKSI LE Licensing Examination

January 26, 2022

  Before taking the HKSI LE securities exam, students need to do some preparations:   1. Registration Students need to register for the exam on HKSI’s website first.   2. Download the study manual Students can download it for free after registration.   3. Search 2CExam’s free video courses Our senior tutors has navigated the…

5 Reasons You Should Not Study Only the HKSI LE manual

January 24, 2022

  Students who are taking the HKSI LE or took it before would know that the study manual is a several-hundred pages exam coverage full of long paragraphs. Not to mention the length of the texts, the expression of ideas requires the readers a lot of concentration to understand. Thus, some candidates think only studying…

5 Key Points Mainlander Candidate Must Know When Partaking in the HKSI LE Exam

January 17, 2022

  What is the HKSI LE exam? The full name of the exam is called the Licensing Examination, or LE for short. The organizer of the exam is not the Securities and Futures Commission (SFC), but a non-government organization named Hong Kong Securities and Investment Institute, or HKSI for short. Generally speaking, this exam is…

Why do people still buy materials from 2CExam while PEAK provides free study notes?

January 10, 2022

  In addition to organizing IIQE exams, VTC PEAK Academy will also provide students who take the IIQE exam with the exam coverage called the Study Note. It depicts what is covered in the exam with hundreds of pages and full of paragraphs. It is lengthy and contains a lot of datas and examples that…