The PDFM has been recognised by the SFC as a recognised
qualification in meeting the competence requirements
in respect of Representatives and Responsible Officers
licensed under the Securities and Futures Ordinance.
The SFC recognises the PDFM as recognised
industry qualifications and local regulatory framework
papers. Please refer to the table below for details.
Regulated Activity
Recognised Industry Qualifications*
Local Regulatory Framework Papers*
1
Dealing in Securities
Modules 1 + 2 + 3 + 6 + 7
Modules 4 + 5
2
Dealing in Futures Contracts
4
Advising on Securities
5
Advising on Futures Contracts
6
Advising on Corporate Finance
8
Securities Margin Financing
9
Asset Management
* For licensing as Representatives and/or Responsible Officers.
Notes:
1.
Individuals are advised to refer to the SFC's "Guidelines on Competence" with regard to the licensing requirements under the Securities and Futures Ordinance.
2
Regulated Activity 3 (Leveraged Foreign Exchange Trading) is not included in the above table since the HKSI does not offer any examination papers on this subject.
3
There is no competence requirement for Regulated Activity 7 (Providing Automated Trading Services).
Society of Registered Financial Planners Ltd (RFP-HK)
PDFM Students who have successfully completed the PDFM (i.e. Modules 1-7) will be granted exemptions from 4 out of 5 examination papers of the RFP-HK programme.
The four papers to be exempted are:
Module FP3010 - Financial Planning
Module FP3020 - Insurance Planning
Module FP3030 - Investment Planning
Module FP3040 - Tax Planning (Hong Kong programme) OR
Module FP3041 - International Finance Management and Tax (China programme)
Office of the Commissioner of Insurance (OCI)
The OCI has approved the PDFM as equivalent to its "Investment-linked Long Term Insurance Examination" of the Insurance Intermediaries Quality Assurance Scheme (IIQAS). Any person who has completed the PDFM is exempted from taking this examination.
