Introduction
A single licensing regime, introduced under the
Securities and Futures Ordinance (SFO), came into
operation on 1 April 2003. In this respect, the HKSI
launched the Licensing Examination for Securities and
Futures Intermediaries (LE) in June 2003. This
practical, market focused examination was developed with
the assistance of regulators, academics and
practitioners drawn from across the financial services
industry.
The examination programme consists of ten papers.
The examination
mode, format, pass requirement and fee will differ according to
which papers a candidate sits for. The LE is open to the
public and there is no prerequisite for enrolment.
Candidates have full discretion to attempt any
combination of papers. This industry benchmark
examination has been recognized by both
local regulatory
bodies and
international professional organizations. Candidates
who wish to sit the examination for licensing purposes
are advised to refer to the licensing requirements of
the relevant regulatory bodies before enrolling for the
examination.
Candidates enrolling in any LE Paper now have the
opportunity to enjoy complimentary
student membership for one year.
Upon the successful completion of a preset combination
of examinations, candidates will be awarded an
HKSI Certificate. The LE is the HKSI's new benchmark
qualification for entry to membership and for
progression within membership.
