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:
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
-
Phone:
+852 2110 9644
-
Email:
-
WhatsApp
+852 9347 2064
-
WeChat
hk2cexam
Interesting Articles
Which license is required for bank employees engaged in securities business?
Should Hong Kong bank employees apply for an HKMA license or an SFC license? According to the licensing requirements for real estate practitioners, passing relevant qualification exams is a necessary condition for obtaining a real estate agent (individual) license or a salesperson license. The Hong Kong Securities and Futures Practitioners Qualification Exam (HKSI LE) is…
What is the difference between an SFC license and HKMA registration in Hong Kong?
What is the difference between an SFC license and HKMA registration in Hong Kong? In Hong Kong, the statutory organization responsible for regulating the securities and futures markets is the Securities and Futures Commission (SFC). The Securities and Futures Ordinance, which came into effect on April 1, 2003, grants the SFC regulatory authority over the…
What is an HKSI certificate?
What is an HKSI certificate? What is the use of an HKSI exam transcript? What is an HKSI certificate? Do I need an HKSI exam transcript or an HKSI certificate when applying for SFC registration? To work in the securities industry in Hong Kong, passing the Hong Kong Securities and Futures Commission (SFC) Licensing Exam…
How to obtain an exemption for the HKSI LE Securities and Futures Practitioners Qualification Examination?
How to obtain an exemption for the HKSI LE Securities and Futures Practitioners Qualification Examination? In the previous issue, we talked about how if someone wants to work in the securities industry in Hong Kong, they must first pass the Hong Kong Securities and Investment Institute’s (HKSI) Licensing Examination for Securities and Futures Intermediaries. Are…
Where can I register for securities exams in Hong Kong?
Where can I register for securities exams in Hong Kong? If you want to work in the securities industry in Hong Kong, you must pass the Securities and Futures Commission (SFC) Licensing Exam LE. The organization that conducts the Licensing Exam LE in Hong Kong is the Hong Kong Securities and Investment Institute (HKSI). The Hong…
Often hear the beautiful ladies and handsome gentlemen in the Hong Kong financial sector talking about the “178 license” they need to obtain. What exactly is it?
What is the Hong Kong 178 license? In fact, the 178 license is not a real license but refers to a combination of examination papers that need to be taken. It consists of the Hong Kong Securities and Futures Practitioners Qualification Examination Paper 1, Paper 7, and Paper 8. In Hong Kong, activities related to…
What is the SFC license in Hong Kong?
What is the SFC license in Hong Kong? The Securities and Futures Commission (SFC) of Hong Kong was established in 1989 as an independent statutory body responsible for regulating the securities and futures markets in Hong Kong. The Securities and Futures Ordinance and its subsidiary legislation grant the SFC the power to investigate, correct, and…
Why do people still buy materials from 2CExam while HKSI provides free study notes?
In addition to organizing LE exams, the HKSI will also provide students who take the LE 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 data and examples that will not…
EAQE/ SQE Real Estate Agency Exam Coverage/ Scope for Revision
Many students are clueless about the exam coverage / scope for doing revision on the Estate Agent Qualifying Examination (EAQE) and Salesperson Qualifying Examination (SQE). VTC’s PEAK does not have any notes available for candidates to download. In fact, the scope of the exam is quite extensive. Some of the coverage can be downloaded from…
Is success an Unattainable Ideal in the Real Estate Industry? 10 Benefits of Being in the Real Estate Industry Can Stimulate Your Capacity
Is it difficult to succeed in the real estate industry? Living space is one of the indispensable elements in life. From the wealthy speculating and selling flats to ordinary people looking for a place to live, most Hong Kong people have the demand to rent or even invest in the real estate market. Hong Kong’s…