In Hong Kong, conducting securities business is a regulated activity under the Securities and Futures Commission (SFC), requiring the relevant licenses. To obtain a license, one must meet the requirements of the “Competency Guidelines.” In addition to having a certain level of education, one must also possess recognized industry qualifications and pass local regulatory framework exams. The latter two are related to the Hong Kong Securities and Futures Commission (HKSI) qualification exams for securities and futures practitioners.
The HKSI qualification exams for securities and futures practitioners consist of multiple papers (currently 15 papers in total). Is it possible to be exempted from any of these papers? The answer is, yes!
How can one be exempted, and which papers are eligible for exemption? The exemption conditions for SFC licensed representatives are as follows:
1.If you have a bachelor’s degree or higher in accounting, business administration, economics, finance, financial management, or law, you can be exempted from Papers 7-12.
2.If you majored in other subjects in college but took elective courses in accounting, business administration, economics, finance, financial management, or law during your bachelor’s degree or higher studies and passed at least two exams in those subjects, you can also be exempted from Papers 7-12.
3.If you majored in other subjects in college and did not take the above courses, but have at least two years of relevant securities industry experience within the past five years, you can still be exempted from Papers 7-12.
4.If you hold internationally recognized financial and financial professional qualifications such as the Chartered Financial Analyst (CFA), Certified International Investment Analyst (CIIA), or Certified Financial Planner (CFP), you must be exempted from Papers 7-12.
5.If you do not have a bachelor’s degree or higher and do not have internationally recognized financial and financial professional qualifications, but have passed Chinese or English + Mathematics in the Hong Kong Diploma of Secondary Education (HKDSE) examination and have at least two years of relevant securities industry experience within the past five years, as well as have completed relevant additional continuing education (i.e., the applicant must complete an additional 5 hours of continuing education related to the regulated activity applied for within six months before submitting the application), you can still be exempted from Papers 7-12.
If none of the above conditions are met, then exemptions are not possible.
Furthermore, the local regulatory framework exams, i.e., the HKSI LE regulatory papers (Papers 1 to 6), cannot be exempted in any case.
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, 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, 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
10 Pros and Cons of Using the HKSI Official Study Notes
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!
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?
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)?
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?
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?
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
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?
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?
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
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…