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 criminal records will affect license applications. However, it is not absolutely impossible to successfully apply for a license with a criminal record. When processing the license applications, SFC staff will also consider whether the criminal record is related to professional character. For example, accidental driving and fighting when young may not necessarily affect the success of the application. However, there is no explicit stipulation on what can and cannot affect the application. Instead, it depends on the judgment of the staff of the Securities and Futures Commission. After knowing that you have criminal records, the SFC may also give you a chance to explain your circumstance, hence having a criminal record does not necessarily mean you can never gain a license.
However, if you really have a criminal record, you must declare it. Do not deliberately conceal it. If you do not declare but are discovered by the Securities and Futures Commission, you may be rated as unreliable and unsuitable to become a licensee, and you may even commit another crime.
How can we help?
2CExam provides HKSI LE, IIQE, EAQE and SQE related exam preparation materials. We sell mock question banks for HKSI LE Papers 1, 2, 3, 5, 6, 7, 8, 9, 11, 12 in Chinese and English; and bibles for HKSI LE Papers 1, 2, 6, 7, 8 in Chinese. We also offer 1 on 1 tutorial services. Besides, we have also made free tutorial videos for HKSI LE Papers 1, 2, 6, 7, 8, 11, 12 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:
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