What exam should I take if I want to be a sponsor?

May 17, 2023

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

http://goo.gl/m4A6mN

HKSI LE Paper 6 Free Class

http://goo.gl/Kx1fT3

HKSI LE Paper 7 Free Class

http://goo.gl/N3naMg

HKSI LE Paper 8 Free Class

http://goo.gl/H1fOvm

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

Interesting Articles

Is the Securities, Insurance or Real Estate Industry Better? Comparing Incomes amongst Finance Industries

March 22, 2022

Securities and Banking  According to statistics on the Internet and our experience, in Hong Kong, even for some common junior or middle-level positions in the financial/ securities industry, such as risk analyst, research analyst, and compliance officer, the average base salary is between HK$20,000 and 30,000 per month. Many people who have sufficient work experience…

What is updated in 2022 in IIQE Paper 1 Insurance Exam Study Manual? Is the 2017 or older version sufficient for the upcoming exams?

March 18, 2022

The 2021 version of IIQE Paper 1 was officially applicable to exams in 2022 Insurance Authority has taken over the supervision of the insurance industry for more than two years. The IIQE Paper 1 (Insurance Intermediary Qualification Examination) finally put the new regulatory structure in the study manual, and the new study manual can be…

5 Reasons You Should Not Study Only the IIQE note

March 7, 2022

Students who are taking the IIQE or took it before would know that the study note is a several-hundred pages exam coverage full of long paragraphs. Not to mention the length of the texts, the expression of ideas requires the readers a lot of concentration to understand. Thus, some candidates think only studying the mock…

Can’t Earn a Lot with Low Educational Background? 3 Major Industries You Can Make a Fortune in

February 28, 2022

In today’s society, because of education inflation, having only a college degree may not help you get a job with a high salary. While there are many people who don’t actually have a particular career path inclination, as long as the salary is good enough, people choose that path. In fact, there are three major…

10 Tips for Preparing the HKSI LE Securities Exam

February 21, 2022

Many people think that the coverage of the HKSI LE securities exam is broad, and we are here to help you. The following are 10 small tips to improve the efficiency of revision and enhance the understanding of concepts! Improve Studying Efficiency Question Answering Skills How can we help? 2CExam provides HKSI LE, IIQE, EAQE…

How to change the game by passing the IIQE exam even with a low educational background?

January 31, 2022

You do not need a strong educational background to be successful in the insurance industry Always feel that your salary is low, and you cannot be promoted due to a low educational background? Do you want to have higher achievements and a faster and more professional career path? In fact, education is not the main…

9 Easy Secrets for Preparing the HKSI LE Licensing Examination

January 26, 2022

  Before taking the HKSI LE securities exam, students need to do some preparations:   1. Registration Students need to register for the exam on HKSI’s website first.   2. Download the study manual Students can download it for free after registration.   3. Search 2CExam’s free video courses Our senior tutors has navigated the…

5 Reasons You Should Not Study Only the HKSI LE manual

January 24, 2022

  Students who are taking the HKSI LE or took it before would know that the study manual is a several-hundred pages exam coverage full of long paragraphs. Not to mention the length of the texts, the expression of ideas requires the readers a lot of concentration to understand. Thus, some candidates think only studying…

5 Key Points Mainlander Candidate Must Know When Partaking in the HKSI LE Exam

January 17, 2022

  What is the HKSI LE exam? The full name of the exam is called the Licensing Examination, or LE for short. The organizer of the exam is not the Securities and Futures Commission (SFC), but a non-government organization named Hong Kong Securities and Investment Institute, or HKSI for short. Generally speaking, this exam is…

Why do people still buy materials from 2CExam while PEAK provides free study notes?

January 10, 2022

  In addition to organizing IIQE exams, VTC PEAK Academy will also provide students who take the IIQE 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 datas and examples that…