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 future contracts
Type 3: Leveraged foreign exchange trading
Type 4: Advising on securities
Type 5: Advising on futures contracts
Type 6: Advising on corporate finance
Type 7: Providing automated trading services
Type 8: Securities margin financing
Type 9: Asset management
Type 10: Providing credit rating services
Examples include serving as sponsors for initial public offerings (IPOs) for licensing applicants, working in investment banks, etc., which belong to Type 6 regulated activities and require a license/registration from the Securities and Futures Commission. One of the conditions for licensing/registration is to partake in and pass the Licensing Examination for Securities and Futures Intermediaries (HKSI LE).
What exam do you need to take?
It depends on what position you partake in your company. If you are new to the industry and have no experience in the securities industry, you should start as a licensed representative. Licensed representatives of institutional financing need to take HKSI LE Papers 1, 7, 11. Different exam papers correspond to various activities. Regarding information will be explained in detail below.
Examination papers required to be taken by licensed representatives
If you want to become a sponsor (licensed representative), you need to obtain passing results in HKSI LE Papers 1, 7, 11, 16. If there is an exemption, passing results in paper 7 and 11 are not required.For exemption information, please refer to
Exam papers required to be taken by Responsible Officer
If you want to become a sponsor (responsible officer), you need to take HKSI LE Papers 1, 5, 15. If you are a licensed representative and have passed HKSI LE Paper 1 before, you do not need to retake HKSI Paper 1 again.
If more than one exam paper is required to be taken, which one should I partake first?
There is no requirement for the order of passing the exam in all the qualification exam papers. Candidates can apply for different exam papers according to their needs and decide the order of their own. For example, the exams of paper 2, 6, and 16 can still be taken if a candidate has not taken paper 1 yet. Although there is no official restriction on the order of taking the exams, we recommend students to start with the paper 1 exam, because the paper 1 exam is the foundation, and many of the other papers are part of the content of the paper 1 exam, or an extension of a certain chapter of the paper 1 exam. Studying paper 1 allows the candidate to have a relatively macro and clearer mind map of various concepts, hence it is easier for candidates to connect the different concepts.
How should I study for the exam?
The pass rate of HKSI LE has always been a big worry for many candidates, Here we recommend a review method for everyone:
1. First study the material study manual / 2CExam Youtube instructional video by each chapter
English Videos
HKSI LE Paper 1 Free Class
Chinese Videos
HKSI LE Paper 1 Free Class https://www.youtube.com/watch?v=Gj8tfrHGFOY&list=PLilKLKW6-ssjSl1PCuyTymFWQJwT_jmua
HKSI LE Paper 2 Free Class
HKSI LE Paper 6 Free Class
HKSI LE Paper 7 Free Class
HKSI LE Paper 8 Free Class
HKSI LE Paper 12 Free Class
This revision method takes 20-25 hours, and statistically has a pass rate of 80%.
No statistics are available for other review methods.
2CExam is a company that specializes in training candidates to take the securities, insurance and real estate exams. Regarding IIQE, 2CExam has produced free Cantonese video teaching Paper 1, 2, 3, which is publicly released on major well-known video sharing websites at no additional charge. If students have difficulty understanding the content of the study manual when taking the HKSI paper 1, 2, 3, they can choose to watch the other instructional videos. If you want to purchase review materials to better understand the content of the exam, you can visit www.2cexam.com (physical product) or www.hksiiiqepasspaper.online (online version)
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
-
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…