SFC Licence
It is often said that knowing people is better than having good literacy skills. How to know more financial professionals within the industry? What are the benefits of getting to know more professionals within the financial industry?
In the financial industry, what are the benefits of knowing more industry professionals? When working in the same industry, do we need to act like we are each other’s opponent country? Does working in the same industry mean that we are in a competitive relationship? In fact, it is not only the financial industry, but…
Read MoreWhat exam should I take if I want to help customers buy and sell futures and options?
In Hong Kong, unless an individual or company is exempted, if they wish to conduct the ten “regulated activities” defined by the Securities and Futures Ordinance, they need to apply for a license/registration with the Securities and Futures Commission. Type 1 Dealing in securities Type 2 Dealing in futures contracts Type 3 Leveraged foreign…
Read More
Can a holder of an original SFC type 1 license be a type 4 and the type 9 license R.O.?
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…
Read MoreWhat is the difference between a licensed corporation and a registered institution?
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…
Read MoreHow long is the SFC license valid for?
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…
Read MoreWhat is the HKSI license?
How to register for the exam? How to prepare? What?! The HKSI exam result is not a license? HKSI, Hong Kong Securities and Investment Institute’s designated LE’s (Licensing Examination, Qualifying Examination) passing result is one of the competency requirements for applying for a license to become a representative and/or responsible officer. However, HKSI is a…
Read MoreWhat Is the Difference Between SFC License And HKMA License?
Which license should a bank employee apply for? Will it be supervised by the SFC or HKMA? What is a SFC license? The full name of SFC is the Securities and Futures Commission, and it is the statutory regulator of the securities industry in Hong Kong. The Securities and Futures Commission was established in accordance…
Read More