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, effort and examination fees by taking less papers.

 

For more information regarding qualification exception, please refer to: 

https://2cexam.com/zh-hant/%E8%B1%81%E5%85%8D%E9%A6%99%E6%B8%AF%E8%AD%89%E5%8A%B5%E5%8F%8A%E6%8A%95%E8%B3%87%E5%AD%B8%E6%9C%83hksi%E8%B3%87%E6%A0%BC%E8%80%83%E8%A9%A6hksi-paper-7891112%E5%B8%B8%E8%A6%8B%E8%AA%A4/

 

Frequently Asked Questions about Academic Exemption HKSI LE Paper 7-12

 

Many students still have various questions about academic exemption. Therefore, here we share some frequently encountered cases  and provide answers to those questions. We have obtained these answers from consulting SFC staff: 

 

  1. Does a bachelor/masters major in management qualify for exemption?

Management is not one of the subjects that can waive the relevant papers.

 

2. Does a bachelor/masters major in marketing qualify for exemption?

Marketing is not one of the subjects that can waive the relevant papers.

 

3. Do I qualify for exemption if I studied liberal arts/ science/ other subjects at university?

It’s not necessarily impossible. First of all, you must see if there are 2 or more subjects related to economics, finance, law, accounting, and business administration in your university degree/master/doctoral degree.  

 

4. Is there an exemption for candidates who hold foreign/ mainland Chinese university degrees?

Based on the Guidelines on Competence issued by the SFC, there is no specific list that excludes any universities from being eligible for exemption. Even the university degree in the Philippines or Iceland is also available for reference. For example, Massachusetts Institute of Technology, California Institute of Technology, Zurich Institute of Technology, Royal Institute of Technology or Hong Kong Polytechnic University, The Open University of Hong Kong or the Open University of the United Kingdom, Biliqin National University, University of Ethiopia, University of Cambridge, University of Oxford, City University, Hong Kong Science and Technology University, Shue Yan University, Hang Seng University, Lingnan University, The University of Hong Kong, The Chinese University of Hong Kong, The University of Tokyo, Kyoto University, Peking University, Fudan University, National Taiwan University, New York University, Chiang Mai University, University of Munich, University of Copenhagen, University of Paris , University of Toronto, University of Chicago, University of Sydney, University of Melbourne, Stanford University, Liberty University, Yonsei University, Sungkyunkwan University, Sheffield University, Yale University, University of Pennsylvania, University of Michigan, University of Edinburgh, King’s College London, The Dutch Catholic University of Leuven, University of Manchester, Wageningen University, University of Montreal, University of Tubingen, University of Leiden, University of Amsterdam, and Shanghai Jiaotong University are also universities recognized by the Securities and Futures Commissions.

 

5. Is there an exemption for candidates who hold a top up degree in finance and law?  

Top up degree majoring in economics, finance, law, accounting, business administration can also be used to waive HKSI LE Papers 7 to 12.

 

6. Is there an exemption for candidates who hold an associates degree?

As the associate degree is not at the same level as the bachelor degree in terms of qualification level, therefore one must obtain 2+ years of relevant work experience within the 5 years period before he/she can be exempted for HKSI LE paper 7 to 12. 

 

7. A top up bachelor degree graduate who is transferred from an associate degree/high diploma passed 2 or more subjects related to economics, finance, law, accounting, and business administration in his/her associate degree/high diploma. In this case can he/she get an exemption?

If the top up degree course itself has 2 or more subjects related to economics, finance, law, accounting, and business administration, HKSI LE papers 7 to 12 can be exempted. But if the subject is only contained in the Higher Diploma and Associate Degree programme, one must provide a written proof stating that the relevant credit has been transferred to the top up degree, or else you cannot use this educational qualification to waive LE Papers 7-12

 

8. Can I apply for an exemption if I have studied related subjects but have not graduated?

Since you have not completed the entire degree course and have not obtained the degree, you cannot apply for an exemption using this degree if you have not graduated.

 

9. If the names of elective subjects are ambiguous, can they help with the exemption?

First of all, names that seem to be related to economics, finance, law, accounting, and business administration do not mean they can definitely help you exempt LE Papers 7-12. The content of the subject is what matters. If the name of your elective subject is rather ambiguous and cannot express its content, but you want to prove that the subject is a subject of economics, finance, law, accounting, and business administration, you can take the initiative to contact your alma mater (the institution that issued the graduation certificate) ) and request to provide written proof of the description of the subject. If the staff of the SFC is convinced, it can be successfully counted as one of the exemption conditions.

 

10. I have a university degree but I did not pass the previous DSE/CE (Hong Kong Diploma of Secondary Education/Certificate Examination), can I be exempted?

Yes, the SFC only takes into account your highest degree, as long as your university degree can be used to waive HKSI LE paper 7 to 12, then you will be eligible.

 

**However, students need to note that whether or not they can obtain a license from the SFC is actually subjectively judged by the case officer of the SFC after reading the entire profile of the student. Since the terms of the Guidelines on Competence of the Securities and Futures Commission are general, although employees act according to the same guidelines, everyone’s understanding may be slightly different. Therefore, whether they can be exempted and whether they can apply for a license depends on the staff of the Securities and Futures Commission. It is decided on a case-by-case basis after considering different factors.

 

Do I need to apply for exemption from HKSI LE Papers 7-12? Should I fill in an application form and what documents should I provide? 

If students are exempted from HKSI LE Papers 7-12 using their academic qualifications and/or work experience, they do not need to fill in additional application forms or documents, as long as students submit relevant academic certificates (may be graduation certificates, or even transcripts and/or work certificates to their company and then their company forwards it to the Securities and Futures Commission (/HKMA), they will be able to obtain an exemption.

 

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

Can a Masters degree graduate in Management, literature subjects graduate, top up degree graduate in finance and law or associate degree holder waive some of the HKSI LE securities exam papers?

May 20, 2021

Earlier we shared that there are some circumstances where students who wish to join the industry as securities practitioners can possibly be exempted from certain exams based on their academic qualifications and/or work experience. If you meet certain academic and/or work experience requirements, students may not have to take HKSI LE Papers 7-12. In other…

How can I verify the identity of past insurance brokers and insurance agents? How to check the insurance intermediary license records expired before September 23, 2019?

May 20, 2021

Where can I verify the identity of insurance brokers and insurance agents?   For information on insurance intermediaries that are still valid after September 23, 2019, or newly applied after that day, you can find them on the public search on the website of Insurance Authority:  https://iir.ia.org.hk/#/index   The development history of insurance brokers and…

Can a holder of an original SFC type 1 license be a type 4 and the type 9 license R.O.?

May 13, 2021

Why do fund managers/asset management companies need to obtain a Type 4 license? There is a type 1 regulated activity (Dealing in Securities) license holder who has many years of experience. This person has passed the Paper 6 of the Licensing Examination for Securities and Futures Intermediaries (HKSI LE). Can he become the RO responsible…

What is the difference between an insurance agent and an insurance broker?

May 13, 2021

Isn’t every business that sells insurance policies called an insurance company? Can an insurance broker mean  both an individual and a company? What are the main differences between insurance brokers and insurance agents? An insurance broker (Broker) selects suitable insurance products on behalf of the client. It can refer to an individual or a company.…

What is the difference between a licensed corporation and a registered institution?

May 12, 2021

  Which licensing exam should a bank staff patake in? Is it regulated by the SFC or HKMA? What does it mean by the commonly mentioned term “SFC license”?  The Securities and Futures Commission, also known as SFC, is the statutory regulator of the securities industry in Hong Kong.The Securities and Futures Commission was established…

What is the difference between an estate agent and a real estate salesperson?

May 12, 2021

Should I take EAQE or SQE to get into the real estate industry? The EAQE/SQE real estate examination result itself does not mean a license Passing the EAQE/SQE exam is just one of the conditions for applying for a license. Passing the exam does not mean obtaining a license, nor can you start your real…

How long is the validity period of the EAQE/SQE license?

May 12, 2021

Do I need to renew my license every year? Where should I apply for a license renewal? Huh? Isn’t the EAQE/SQE test result a license?! Passing the EAQE or SQE is one of the licensing conditions for obtaining a real estate agent/salesperson license. The EAQE and SQE exams are held by the Institute of Professional…

How long is the IA license valid for?

May 12, 2021

Do I need to renew my license every year? Where should I apply for a license renewal? Isn’t the IIQE exam score a license?! Obtaining passing results in the IIQE (Insurance Intermediaries Qualifying Examination) held by the Institute of Professional Education and Knowledge (VTC PEAK) is one of the requirements for applying for an insurance…

How long is the SFC license valid for?

May 11, 2021

Do I need to renew my license every year? Where should I apply for renewal? Will the SFC license become invalid? We often hear people mention the 178 license. What does that mean exactly? In fact, “178 license” is a common misnomer. 178 does not refer to a license, but a combination of exam papers…

What is an IIQE license?

May 11, 2021

How to register for the exam? How to prepare? Isn’t the IIQE test score a license?! Obtaining a passing score in the IIQE (Insurance Intermediaries Qualifying Examination) held by the Institute of Professional Education and Knowledge (VTC PEAK) is one of the requirements for applying for an insurance practitioner license. Since PEAK is a statutory…