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

10 Pros and Cons of Using the HKSI Official Study Notes

June 8, 2022

The HKSI LE study note has long been infamous amongst candidates. Its disadvantages include Too many words, too many typos, it takes a lot of time to read A lot of data will not actually appear in the exam The text is long, difficult to understand and dull The wording is vague and ambiguous. Some…

Numerous Celebrities, Including the Founder of KFC, Also Once Joined the Insurance Business Before Opening the Fried Chicken Shop!

June 1, 2022

Many well-known celebrities have worked in the insurance industry in their careers. Jack Ma, Asia’s richest man and chairman of the Alibaba Group, once said: “The mission of insurance is to give people a sense of security. Our lives are full of various risks and accidents, and insurance is to make people feel safe.” Let’s…

Why can’t you learn the practise questions by rote when studying for the IIQE Insurance Exam?

May 25, 2022

Students who have taken/ who are going to take the IIQE should know the study note is a several-hundred pages, paragraph form booklet illustrating the exam coverage. Not to mention the length of the text, the expression of concepts requires readers’ intense concentration. So some candidates think that doing only the practise questions should be…

Why can’t you learn the practise questions by rote when studying for the HKSI Licensing Examination (LE)?

May 18, 2022

Students who have taken/ who are going to take the HKSI LE should know the HKSI study note is a several-hundred pages, paragraph form booklet illustrating the exam coverage. Not to mention the length of the text, the expression of concepts requires readers’ intense concentration. So some candidates think that doing only the practise questions…

How to register for the IIQE Insurance Intermediary Qualifying Examination?

May 11, 2022

The IIQE exam should be registered at PEAK instead of the Insurance Regulatory Bureau. The IIQE exam places are quite sought-after. If students have an urgent need to take the exam, students should decide to register as soon as possible. The test period will be issued on a day between the 12th to 17th of…

How to register for the HKSI LE Securities and Futures Practitioner?

May 4, 2022

The HKSI LE exam must be registered at HKSI, but not the SFC. There are two methods for registration. The most popular one is online registration, followed by in-person registration. How to register for HKSI exam Register online: 1. To register for the exam, you must first register as a member of HKSI 2. Click…

Losing Friends and Family Is Inevitable Once Joined the Insurance Industry? 10 Benefits of Working in The Insurance Industry That Can Overturn Your Stereotypes

April 20, 2022

Must people in the insurance industry lose their friends and family? NO! It is not that you won’t have friends when you join the insurance industry. In fact, it depends on whether you use the correct method to sell. When you only care about commissions and don’t care about the needs of your customers, selling…

What kind of jobs can I get after I pass the IIQE Hong Kong Insurance Exam?

April 13, 2022

After passing the IIQE (Insurance Intermediary Qualifying Examination) in Hong Kong, students can start looking for jobs. What job options are there? Bank Relationship Manager (RM) / General Banking Officer (GBO) / Personal Banking Officer / Assistant Relationship Manager (ARM) Some sales positions in the bank, including Relationship Manager (RM) and their assistant – Assistant…

What job opportunities can I get in Hong Kong after passing the HKSI LE securities exam?

April 7, 2022

First, I would like to clarify that some people do not take the HKSI Licensing Examination (also known as LE exam) to find a job, but just to learn more about the financial/ securities market and equip themselves with the necessary knowledge in a compact and more organised way. This article will not cover information…

10 Benefits of Working in the Securities Industry Which Can Bring You a Whole New Perspective

March 30, 2022

Is there an insufficient supply of positions in the securities industry? There are contradictory opinions on the internet. Some say that the financial industry is in demand for talents; others say that the financial industry has burst, and there are too many monks with only a little porridge. From my experience in the recruitment industry…