Method
1: Online Enrolment
Applicants may enrol for the LE(PBE) through the HKSI online enrolment system :
http://www.hksi.org/eng/exam/online_registraion.html
Applicants must use their own international VISA Card, MasterCard or American Express Card to settle payment of the examination fee(s).
Method
2: In Person at the HKSI Counter or By Mail
Applicants must complete the
LE enrolment forms for the PBE which can be obtained from the HKSI website, by sending a self-addressed and stamped (HK$3.70) envelope (7" x 10") to the HKSI office (please quote "Request for LE Enrolment Form for the PBE " on the envelope), or in person from the HKSI counter during
counter service hours.
Applicants should submit the completed and signed LE enrolment forms for the PBE, together with the appropriate examination fees in person during counter service hours or by mail to the HKSI on or before the corresponding enrolment deadline.
Applications by email or fax will NOT be accepted. For details, please refer to Section 3.2.1 – Enrolment Methods in the
LE Examination Handbook (for the PBE).
CBE
Method
1: Online Enrolment
Applicants may enrol for the LE(CBE) through the HKSI online enrolment system :
http://www.hksi.org/eng/exam/online_registraion.html
Applicants must use their own international VISA Card, MasterCard or American Express Card to settle payment of the examination fee(s).
Method
2: In Person at the HKSI counter
Applicants may also enroll for the LE(CBE) at the HKSI counter
IN PERSON ONLY by submitting a completed and signed LE (CBE) enrolment form (original copy only), together with the appropriate examination fee(s), during
counter service hours on or before the corresponding enrolment deadline.
Applications by post, courier, email or fax will NOT be accepted. For details, please refer to Section 3.2.1 – Enrolment Methods in the
LE(CBE) Examination Handbook.
11. Will the HKSI accept batch applications for the LE?
The HKSI will NOT accept batch applications for both LE(PBE) and LE(CBE). Each applicant should submit
ONE enrolment form only at a time.
12. Can I transfer or cancel the enrolment of an examination if I am unable to attend due to whatever reason?
Requests for alterations or transferrals of enrolled examinations, examination papers, examination modes and/or examination sessions will
NOT be accepted under ANY circumstances including sickness, business, or travel arrangements or for any other reason.
Candidates who wish to cancel their enrolments for (an) examination paper(s), examination mode(s) and/or examination session(s) may apply for a refund of the applicable examination fee. Refunds will only be given for examinations which have yet to take place. They do not apply to past examinations attended by candidates or from which candidates were absent for whatever reason. Please refer to the following page for details of the refund policy:
http://www.hksi.org/eng/exam/refund_policy.html.
13. I have moved to a new premise and my address previously provided is no longer correct. What should I do so that my results or any other examination-related correspondences reach my new address?
Candidates must notify the HKSI of any changes to their personal particulars (e.g. address, telephone numbers, etc.) immediately via the “Update Personal Information” section in the HKSI online enrolment system or by completing a
prescribed form provided by the Examination Services Team (EST) of the HKSI. The completed form should be returned to the HKSI in person during counter service hours, by fax or by mail. Please note that
ONLY the candidates’ personal records with the
EST will be updated with the new information.
14. What kind of materials should I study to prepare for the LE? Are there any reference books / suggested study materials for the LE?
To assist candidates to prepare for the LE, the HKSI has published Study Manuals (Chinese and English versions) for each of the 10 LE papers and Past Questions and Answers of some LE papers for sale at the HKSI counter.
All Past Questions and Answers are available for free downloading at:
http://www.hksi.org/eng/exam/le_past_paper.html
While the HKSI specifically developed these Study Manuals based on the syllabuses of the 10 LE Papers, we do not discourage candidates from utilizing any other reference materials or resources that can help prepare them for the LE.
15. How can I prepare for the LE(CBE)?
A CBE system demonstration is available on our website. You are suggested to familiarize yourselves with this system prior to taking the CBE.
You will also be given the opportunity to familiarize yourselves with the operation of the CBE workstation and the CBE system through an interactive mock examination approximately 20 minutes prior to the start of the CBE when admittance to the CBE centre is allowed. The mock examination takes a maximum of 3 minutes only. It can only be attempted
ONCE by each candidate in each CBE session. Access to the mock examination will be denied once the actual CBE has started.
16.
When will the LE results be released?
PBE
Candidates can access their grades, actual examination scores and individual performance analyses online. This information will be available on the HKSI website approximately
8 FULL WORKING DAYS after the date of each examination. Candidates are advised that this information will only be displayed for a limited period. Candidates need to
KEEP THEIR e-ADMISSION FORMS, which contain their candidate number, in order to login to their account. The performance analysis will show the candidate’s performance (in terms of a range of %) in each of the paper’s topic areas as well as the range of % of his/her overall performance.
The official Notification of Results, showing the grade(s) and the actual examination score(s), will normally be sent out to candidates by mail within
14 FULL WORKING DAYS after the examination.
CBE
Candidates who sit the LE (CBE) can obtain their Unofficial Results Slips showing their actual examination scores and individual performance analysis immediately after the respective CBE session.
The official Notification of Results, showing the grade(s) and the actual examination score(s), will normally be sent out to candidates by mail within
14 FULL WORKING DAYS after the examination.
17.
What are the historical pass rates for different LE Papers?
Please refer to
http://www.hksi.org/eng/exam/le_pass_rate.html for the pass rates of each LE Paper.
18.
Can a pass in LE Papers 1, 7 and 8 guarantee the candidates a job offer in the industry?
The LE has been approved by the SFC as the recognized industry qualifications and local regulatory framework papers in relation to the application for licences as Representatives and/or Responsible Officers for all RAs except for Type 3 RA – Leveraged Foreign Exchange Trading under the "Guidelines on Competence". Please refer to
http://www.hksi.org/eng/exam/le_link_recognition.html for details.
The successful completion of LE Papers 1, 7 and 8 fulfils the recognized industry qualifications and the local regulatory framework papers requirements of the SFC for licensing as Representatives for Type 1 RA - Dealing in Securities, Type 4 RA - Advising on Securities, and/or Type 8 RA - Securities Margin Financing. Although a pass in these papers has no guarantee for a job offer, firms in the securities and futures industry seeking to employ personnel to engage in these RAs will appreciate the "readiness" of a candidate to be licensed as a Representative for these RAs.
19.
I have already passed Papers 1, 7 and 8 and I have obtained the Practising Certificate in Securities in July 2009. Will I be able to obtain another certificate if I pass some other LE papers?
HKSI Specialist Certificate(s) will be awarded to candidates if they can pass the required additional LE paper(s) within the 3-year completion period (please refer to the LE (CBE) Examination Handbook / LE Examination Handbook (for the PBE) for details of the 3-year completion period). However, if a candidate passes the same LE paper(s) within the 3-year completion period, the same certificate will
NOT be issued in this case.
20. Having attempted and passed the following LE papers, what certificate(s) will I obtain and when will the 3-year completion period expire?
Paper 8 on 21 June 2009
Paper 7 on 20 July 2009
Paper 1 on 23 August 2009
Paper 9 on 21 September 2009
According to the existing examination policy, you will be entitled to a Practising Certificate in Securities in August 2009 and a Practising Certificate in Derivatives in September 2009. The 3-year completion period will commence from 21 June 2009, and will expire on 30 June 2012.
Will I get a Specialist Certificate in Derivatives if I pass Paper 3 in July 2012?
The certificate will not be granted to you if you obtain a pass in Paper 3 after the 3-year completion period, which expires in June 2012.
HKSI Professional Diploma in Financial Markets
(PDFM)
1. What
is the PDFM?
The HKSI Professional Diploma in Financial
Markets (PDFM) aims to set a standard of
competency across the securities and investment
industry and to examine whether individuals have
acquired the knowledge of principles and
practices that apply to their job functions. The
PDFM is a 5-year programme which is modularised
into seven modules (“PDFM Modules”).
The PDFM
is designed to offer a high degree of
flexibility, allowing individuals to pursue the
programme at their own pace and by their
preferred mode of study. The PDFM allows PDFM
Students to select either the Training and
Examination Mode (“TE Mode”) or the
Examination-only Mode (“EO Mode”) for each
of the seven PDFM Modules.
2. What
is the difference between the TE and the EO
mode?
PDFM Students have the option to take either the
TE Mode or the EO Mode for each of the seven
PDFM Modules.
Training and Examination Mode (“TE Mode”)
For PDFM Students who have enrolled for a PDFM
Module via the TE Mode, their overall results
are determined based on their performance in
both coursework, which may include assignments,
case studies, quizzes, examinations, etc., and
the PDFM Examination.
|
Assessment
|
Percentage
|
|
Coursework of training course
|
30%
|
|
PDFM Examination
|
70%
|
|
Total
|
100%
|
Under the TE Mode, the seven training courses (“HKU
SPACE training courses”) of the “Hong Kong
Securities Institute Professional Diploma in
Financial Markets Training and Examination
Programme”, which is jointly offered by The
School of Professional and Continuing Education
of the University of Hong Kong (“HKU SPACE”) and
the HKSI, are available for each PDFM Module.
For details of the HKU SPACE training courses
and the training timetable, please contact HKU
SPACE on 2867 8322 or visit its website (http://hkuspace.hku.hk).
Examination-only Mode (“EO Mode”)
For PDFM Students who have enrolled for a PDFM
Module via the EO Mode, their overall results
are determined solely (100%) based on their
performance in the PDFM Examination.
Please refer to Sections 2.7 and 2.8 of the PDFM
Programme Handbook regarding the format,
duration and timetable of the PDFM Examinations.
3. Do
I have to register as an HKSI individual member
before enrolling for the PDFM?
Individuals are not required to register as an
HKSI individual member before enrolling for the
PDFM. However, they must register with the HKSI
as a PDFM Student before enrolling for any of
the PDFM Modules (via the TE Mode or the EO
Mode) for the first time. Please refer to
Section 2.4 of the PDFM Programme Handbook for
details.
4. Are
there any entry requirements for the PDFM?
Yes. There are specific entry requirements
applicable to the PDFM. Applicants for PDFM
registration must satisfy these entry
requirements by demonstrating either prior
relevant knowledge in finance OR appropriate
academic proficiency. Please refer to
Section 2.3 of the PDFM Programme Handbook for
details of the entry requirements.
5. Do
I have to attempt the seven PDFM Modules in a
particular order?
No. PDFM Students can attempt the PDFM Modules
in any order they desire.
6. What
recognition does the PDFM has?
The PDFM has been recognized by both
local regulatory bodies/institutions and by
international professional
associations/universities, offering PDFM
Students a variety of progression pathways to
further internationally recognized
academic/professional qualifications.
7.
Can I obtain a licence from the Securities and
Futures Commission (SFC) if I have completed the
PDFM?
The PDFM has been recognized by the SFC as a
recognized qualification in meeting the
competence requirements in respect of
Representatives and Responsible Officers
licensed under the Securities and Futures
Ordinance. Modules 1, 2, 3, 6 and 7 are
recognized by the SFC as Recognized Industry
Qualifications and Modules 4 and 5 are
recognized as Local Regulatory Framework Papers.
PDFM Students who wish to apply for a license
from the SFC with their PDFM results should be
aware of the 3-year limit for applying for an
SFC license. Please check with the SFC
direct with regard to licensing requirements.
8. Do
I have to pass all seven PDFM Modules in order
to obtain an HKSI certificate?
Yes. In order to obtain an HKSI Certificate for
the PDFM, PDFM Students must complete all seven
PDFM Modules on or before their PDFM Programme
Expiry Date.
9.
When will the PDFM results be released?
A Notification of Results will normally be
issued to PDFM
Registered Students by mail within 8
weeks after each PDFM examination.
Certified International Investment Analyst
(CIIA®) Final Examination
1. What is the Certified International Investment Analyst (CIIA) qualification and what is the benefit of this qualification?
The CIIA is an internationally recognized advanced professional qualification for individuals wishing to work/working in the finance and investment industry.
The examinations consist of two levels of Common Knowledge Examinations (i.e. the CIIA Foundation Examination and the CIIA Final Examination) and a National/Regional Examination. The Common Knowledge Examinations examine the essential skills and knowledge required for professionals working in investment markets common in all countries. The National/Regional Examination is set by individual national/regional societies and examines knowledge of specific markets. It covers legal and regulatory matters, taxation, local market practices and the cultural environment of the financial market of each specific country.
Only the CIIA Final Examination, which consists of 2 generic examination papers, Exam 1 and Exam 2, is offered in Hong Kong by the HKSI. All eligible candidates enjoy exemptions from the CIIA Foundation and National Examinations and can proceed directly to the CIIA Final Examination.
The CIIA qualification is currently recognized and supported by two of the world's leading Federations
EFFAS
and ASAF,
and 31 national/regional societies for finance and investment professionals from:
Argentina,
Austria,
Belgium,
Brazil,
China,
Chinese
Taipei,
Finland,
France,
Germany,
Greece,
Hong Kong,
Hungary,
India,
Iran,
Italy,
Japan,
Kazakhstan,
Korea,
Lithuania,
Luxembourg,
Mexico, Morocco,
Netherlands,
Nigeria,
Poland,
Russia,
Spain,
Sweden,
Switzerland,
Tunisia
and Ukraine.
2. Are there any organizations that recognize the Certified International Investment Analyst (CIIA) qualification?
The CIIA qualification is recognized by both
local regulatory bodies and international
professional associations.
3. Are there any pre-requisites for taking the CIIA Final Examination?
To be eligible for registration as a candidate of the CIIA Final Examination, applicants must meet the requirements of either
the DPE/PDFM Route or the EQC Route.
4.
How can I prepare for the CIIA Final
Examination?
(1)
Training courses, including a Crash Course, jointly organized by the HKSI and SCOPE of the City University of Hong Kong, are available for CIIA Candidates wishing to take the CIIA Final Examination. For details of the HKSI/SCOPE training courses and timetable, please contact SCOPE on 27887423 or visit its
website.
(2) A free set of study materials, consisting of a Candidate Study Pack (CSP) and Formulae Booklets for the CIIA Final Examination will normally be dispatched to all CIIA Candidates upon confirmation of registration. The CSP contains study manuals and exercises for Exam 1 and Exam 2.
(3) CIIA Candidates should ensure that they have the correct versions of the study manuals applicable to their examinations before attending the examinations. The most updated versions of the study manuals are available for free download on the HKSI website, and for sale at the HKSI counter to CIIA Candidates.
(4) Sample examination questions and solutions for the CIIA Final Examination are available on the ACIIA website.
(5)
Past examination papers are available for sale to CIIA Candidates at the HKSI counter.
(6)
A "List of References and Suggested Readings" is also available on the HKSI website.
5. When is the CIIA Examination held every year?
Normally, the CIIA Final Examination is offered semi-annually in March and September of each year. The registration deadline, examination date and enrolment deadline are detailed in the examination timetable which is available at the HKSI counter and on its website
(www.hksi.org).
6. When will the CIIA Examination results be released?
A Notification of Results will normally be issued to candidates approximately 3 months after the examination.
7. How can I obtain the CIIA qualification?
To be awarded the CIIA designation, candidates must:
i.
complete the CIIA Final Examination;
ii.
complete DPE Paper 2 / PDFM Modules 4 and 5 (if applicable);
iii.
have 3 years relevant industry experience and become an HKSI Ordinary Member or above; and
iv.
fulfil any other requirements prescribed by the ACIIA.
8. Is the CIIA equivalent to the CFA?
CIIA designation is a financial qualification awarded by the Association of Certified International Investment Analysts (ACIIA), while the CFA is another investment qualification awarded by the CFA Institute. They are simply two individual qualifications, and there is no direct relation between them.
Mandatory
Provident Fund (MPF) Intermediaries Examination
1. Is
there any organization that recognize the MPF
Intermediaries Examination?
The MPF Intermediaries Examination
conducted by the HKSI has been recognized by the Mandatory Provident Fund
Schemes Authority (MPFA) for the purpose of enabling candidates to meet the
examination requirement for being an MPF intermediary.
2. How
many questions are there in the MPF Examination?
There are totally 80 multiple choice questions.
3. How
long is the MPF Examination?
The MPF Examination lasts for two hours.
4. What
is the passing score of MPF Examination?
To pass the examination, candidates are required
to attain a minimum score of 70%.
5. When
will I receive the examination result?
A Notification of Results will normally be sent
to candidates by mail within 7 full working days
after the date of examination.
6. When
will I receive my certificate?
Candidates who pass the examination will be
awarded certificates, which can be collected by
candidates in person from the HKSI during office
hours 5 full working days after the issue of
Notification of Results. Certificate can
also be collected by a representative equipped
with an authorization letter, an original copy
of the Notification of Results and a copy of the
Hong Kong Identity Card/Passport of the
candidate concerned. Alternatively, the
certificate can be sent to candidate by
registered mail upon candidate’s written request
and submission of HK$25 to the HKSI being
payment for the postal expenses.
7. What
can I do if I have lost my certificate?
The HKSI will issue the certificate ONCE only.
Candidates who have lost or damaged their
certificates may apply for a Statement of Result
by writing. Please refer to section 15.2 of the
MPF Intermediaries Examination - Examination
Handbook for details.
Training
1. Is
there any preparation course for examination?
No,
the HKSI does not provide any preparation course for Licensing Examination.
However, we do provide a series of Professional Certificate / Certificate
courses that are designed to cover the technical and regulatory knowledge for
those who are interested in engaging the following SFC's
Regulated Activities:
RA1
Dealing in Securities
RA2
Dealing in Futures Contracts
RA4
Advising on Securities
RA5
Advising on Futures Contracts
RA6
Advising on Corporate Finance
RA8
Securities Margin Financing
RA9
Asset Management
2.
What kind of courses
do HKSI organise?
The
HKSI organise the following type of courses:
·
Professional Education and Training Courses
·
Joint Programmes with other tertiary education
institutions
·
In-house Training for Companies
·
Professional Certificate Programmes
·
e-courses
·
Mainland China Training
Please
refer to our website, http://www.hksi.org/eng/training/intro.html, for more
details.
3.
Is there any professional certificate / diploma course for F.5 graduates?
In
general, there is no entry requirement for HKSI courses.
Thus, F.5 graduates are encouraged to enrol our training courses. However, there are entry requirements for
Joint Programmes that are jointly organised with other tertiary education
institutions. Applicants are
reminded to check their eligibility before enrolling the Joint Programmes.
Membership
1.
Is
it necessary to become a member before enrolling the examination?
To be
the HKSI member, you will be affiliated with the leading industry professional
is an important step taken for your career advancement. Members are also
entitled for a listed of membership benefits. For further information, please
refer to the below linkage - http://www.hksi.org/eng/membership/benefit.html
2.
What
are the membership benefits?
Members are also entitled for a listed of membership benefits. For further
information, please refer to the below linkage -
http://www.hksi.org/eng/membership/benefit.html
