Pass Rate for the Licensing Examination for Securities and Futures Intermediaries
(For Reference Only)
 

Paper 1 Paper 2 Paper 3 Paper 5 Paper 6 Paper 7 Paper 8 Paper 9 Paper 11 Paper 12 February 2009 61.06% 62.50% 80.00% 90.91% 77.50% 44.17% 52.96% 38.69% 75.00% 53.19% March 2009 49.96% 48.00% 66.67% 52.63% 80.49% 36.20% 64.24% 42.45% 73.33% 82.05% April 2009 53.03% 74.73% 66.67% 57.14% 60.00% 50.87% 64.86% 42.86% 85.71% 85.71% May 2009 41.79% 57.00% 64.00% 75.00% 69.39% 46.25% 36.68% 6.90% 66.67% 20.00% June 2009 43.99% 47.83% 75.00% 72.22% 70.73% 60.21% 41.18% 41.46% 60.00% 54.29% July 2009 49.83% 55.36% 51.61% 75.00% 65.31% 44.58% 41.08% 34.94% 87.50% 68.29% August 2009 59.38% 43.55% 40.91% 53.85% 85.29% 47.68% 58.41% 23.65% 68.75% 48.15% September 2009 57.84% 62.83% 73.91% 60.87% 86.27% 45.36% 30.54% 31.03% 88.89% 58.33% October 2009 58.13% 75.86% 71.43% 63.16% 78.00% 53.46% 57.67% 42.28% 92.31% 48.48% November 2009 55.44% 62.35% 77.27% 72.73% 83.33% 61.63% 45.30% 36.36% 83.33% 64.71% December 2009 55.33% 69.88% 90.00% 55.56% 68.63% 43.86% 53.69% 47.42% 90.00% 62.86% January 2010 53.81% 65.00% 69.57% 70.00% 85.71% 57.67% 38.97% 44.71% 88.89% 56.67% Average Pass Rate 53.30% 60.41% 68.92% 66.59% 75.89% 49.33% 48.80% 36.06% 80.03% 58.56%

 
Remarks:

	Regulatory Papers		Practical Papers
Paper 1	Fundamentals of Securities and Futures Regulation	Paper 7	Financial Markets
Paper 2	Regulation of Securities	Paper 8	Securities
Paper 3	Regulation of Derivatives	Paper 9	Derivatives
Paper 5	Regulation of Corporate Finance	Paper 11	Corporate Finance
Paper 6	Regulation of Asset Management	Paper 12	Asset Management