LE Paper 1 in Nov 2006
The pass rate of LE
Paper 1 held on 25 Nov 2006 was 53%. 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 - Nov 2006
Figure 2. Topical correctness for LE Paper 1 - Nov 2006
Table 1 below
shows a comparison of the topical correctness rates of
each topic of LE Paper 1 from January to November 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 |
|
Sept-06 |
0.67 |
0.72 |
0.73 |
0.75 |
0.68 |
0.85 |
0.58 |
0.63 |
0.72 |
|
Oct-06 |
0.78 |
0.71 |
0.77 |
0.78 |
0.78 |
0.75 |
0.56 |
0.74 |
0.59 |
|
Nov-06 |
0.58 |
0.78 |
0.67 |
0.69 |
0.77 |
0.68 |
0.61 |
0.67 |
0.88 |
|
Average |
0.70 |
0.74 |
0.70 |
0.71 |
0.72 |
0.75 |
0.58 |
0.67 |
0.72 |
|
Table 1. Topical correctness rates for LE Paper 1:
Jan - Nov 2006 |
The correctness rates of LE Paper 1 remain relatively
volatile. The correctness rate of Topic 9 (Market
Misconduct, Improper Trading Practices and Compliance),
having declined to a record low of 59 per cent in
October, improved significantly to a record high of 88
per cent in November. However, the correctness rate of
Topic 1 (Regulatory Overview of the Hong Kong Financial
Industry) recorded an equally marked decline from 78 per
cent in October to a record low of 58 per cent in
November, while the correctness rates of Topic 3 (The
Securities and Futures Ordinance) and Topic 4 (Licensing
and Subsidiary Legislation) also dropped sharply.
Our analysis
shows that three subject areas in Topics 1, 3 and 7
listed in Table 2 below 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 |
Roles of
the HKEx |
1 |
4 |
|
2 |
Short
selling regulations |
3 |
8 |
|
7 |
2 |
|
3 |
Participants of the exchanges and clearing houses |
7 |
2 and 4 |
|
Table 2. Unsatisfactory subject areas for LE Paper 1
- Nov 2006 |
LE Paper 2 in Nov 2006
The pass rate of
LE Paper 2 held on 25 Nov 2006 was 46%. 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 - Nov
2006
Figure 4. Topical correctness for LE Paper 2 - Nov 2006
Table 3
below shows a comparison of the topical correctness
rates of each topic of LE Paper 2 from January to
November 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 |
|
Sept-06 |
0.56 |
0.63 |
0.77 |
0.79 |
0.70 |
0.65 |
0.53 |
|
Oct-06 |
0.64 |
0.67 |
|
