LE Paper 1 in Aug 2006
The pass rate of LE Paper 1 held
on 26 Aug 2006 was 42%. Figures 1 and 2 show the
distribution by scores of the exam results and the
overall topical correctness¹ achieved in the
examination.
Figure 1. Exam results distribution for LE Paper
1 - Aug 2006 Figure 2. Topical
correctness for LE Paper 1 - Aug 2006
Table 1 below
shows a comparison of the topical correctness rates of
each topic of LE Paper 1 from January to August 2006.
|
|
Topic |
|
Month |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
|
Jan-06 |
0.65 |
0.82 |
0.72 |
0.62 |
0.68 |
0.64 |
0.49 |
0.61 |
0.77 |
|
Feb-06 |
0.67 |
0.72 |
0.62 |
0.74 |
0.72 |
0.69 |
0.54 |
0.72 |
0.76 |
|
Mar-06 |
0.58 |
0.73 |
0.64 |
0.76 |
0.67 |
0.80 |
0.50 |
0.69 |
0.69 |
|
Apr-06 |
0.71 |
0.76 |
0.80 |
0.71 |
0.69 |
0.68 |
0.70 |
0.71 |
0.66 |
|
May-06 |
0.80 |
0.73 |
0.71 |
0.72 |
0.82 |
0.83 |
0.65 |
0.58 |
0.81 |
|
Jun-06 |
0.86 |
0.73 |
0.74 |
0.75 |
0.76 |
0.88 |
0.60 |
0.65 |
0.69 |
|
Jul-06 |
0.73 |
0.73 |
0.66 |
0.59 |
0.75 |
0.78 |
0.60 |
0.58 |
0.70 |
|
Aug-06 |
0.64 |
0.67 |
0.66 |
0.68 |
0.68 |
0.67 |
0.58 |
0.80 |
0.63 |
|
Average |
0.70 |
0.74 |
0.69 |
0.70 |
0.72 |
0.75 |
0.58 |
0.67 |
0.71 |
|
Table 1. Topical correctness rates for LE Paper 1:
Jan - Aug 2006 |
Among the 9 topics of LE Paper 1, candidates'
performance in 6 topics has declined when compared to
the previous month. In particular, the correctness rate
of Topic 6 (Business Operations and Practices) recorded
a sharp fall. By contrast, however, candidates'
performance in Topic 8 (Other SFC Regulated Activities)
has improved significantly and this topic recorded its
highest correctness rate ever.
In addition,
our analysis shows that candidates' performance in one
subject area of each of Topics 1, 6, 7 and 9 listed in
Table 2 below was particularly weak and indicates the
topics/sections in the Study Manual which candidates
should read when revising for these subject areas.
Unsatisfactory subject areas
|
Recommended topics/sections |
Topic
|
Section |
|
1 |
The relationship between the HKEx and the SFC |
1 |
4 |
|
2 |
Money laundering and terrorist financing |
6 |
3 |
|
3 |
Participants of the exchanges and clearing houses |
7 |
2 |
|
4 |
The Market Misconduct Tribunal |
9 |
1 |
|
Table 2. Unsatisfactory subject areas for LE Paper 1
- Aug 2006 |
LE Paper 2 in Aug 2006
The pass rate of LE Paper 2
held on 26 Aug 2006 was 26%, a sharp decline when
compared to the exam results of the previous month.
Figures 3 and 4 show the distribution by scores of the
exam results and the overall topical correctness
achieved in the examination.
Figure 3. Exam
results distribution for LE Paper 2 - Aug 2006 Figure 4. Topical
correctness for LE Paper 2 - Aug 2006
Table 3
below shows a comparison of the topical correctness
rates of each topic of LE Paper 2 from January to August
2006.
|
|
Topic |
|
Month |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
Jan-06 |
0.60 |
0.63 |
0.80 |
0.64 |
0.63 |
0.70 |
0.48 |
|
Feb-06 |
0.45 |
0.62 |
0.75 |
0.72 |
0.53 |
0.74 |
0.65 |
|
Mar-06 |
0.54 |
0.67 |
0.65 |
0.72 |
0.66 |
0.59 |
0.74 |
|
Apr-06 |
0.68 |
0.71 |
0.85 |
0.64 |
0.57 |
0.68 |
0.75 |
|
May-06 |
0.62 |
0.64 |
0.75 |
0.73 |
0.51 |
0.71 |
0.51 |
|
Jun-06 |
0.63 |
0.68 |
0.77 |
0.73 |
0.57 |
0.65 |
0.52 |
|
Jul-06 |
0.54 |
0.73 |
0.83 |
0.68 |
0.68 |
0.62 |
0.82 |
|
Aug-06 |
0.44 |
0.61 |
0.71 |
0.70 |
0.61 |
0.61 |
0.36 |
|
Average |
0.56 |
0.66 |
0.76 |
0.70 |
0.59 |
0.66 |
0.60 |
|
Table 3. Topical correctness rates for LE Paper 2:
Jan - Aug 2006 |
When compared to the previous month, with the
exception of Topic 4 (Dealing in Securities Traded on
the Stock Exchange of Hong Kong (SEHK)) and Topic 6
(Options and OTC Derivatives) in which the correctness
rates remain consistent, candidates' performance has
declined substantially in 4 of the remaining 5 topics,
with the correctness rate of Topic 7 (Market Misconduct
and Offences) falling by 46 per cent to its lowest level
recorded to date.
As shown in Table 4 below, our analysis shows that
five subject areas in Topics 1, 2 and 7 were
particularly weak and indicates the topics/sections in
the Study Manual which candidates should read when
revising for these subject areas.
Unsatisfactory subject areas
|
Recommended topics/sections |
Topic
|
Section |
|
1 |
|
