Refund Policy for the HKSI Examinations

Please find below the details of the HKSI refund policy:

1. Only the examination fees less an administration fee for the following examinations are refundable
   i. Licensing Examination for Securities and Futures Intermediaries (Paper-based Examination) (LE (PBE));
   ii. Licensing Examination for Securities and Futures Intermediaries (Computer-based Examination) (LE (CBE)); and
   iii. Professional Diploma in Financial Markets (PDFM).
2. Requests for refunds of registration fees and/or any other fees will NOT be entertained under any circumstances.
3. Candidates should submit a completed Application Form (Refund of Examination Fees) ("Application Form") to the Hong Kong Securities Institute ("HKSI") counter in person or by mail on or before the corresponding application deadlines (date of receipt of Application Form by the HKSI) shown in the table below. Candidates applying by mail are reminded to allow sufficient time for mailing. NO fax or email applications will be accepted. Applications received after the prescribed deadlines will NOT be processed.
4. The HKSI will ONLY process Application Forms that it has actually received, and under NO circumstances shall the HKSI be responsible for any loss of Application Forms sent by mail.
5. Once the HKSI has received an Application Form, the candidate concerned cannot withdraw his/her application for a refund.
6. Once the HKSI has approved an application for a refund, a confirmation letter will be issued to the candidate concerned by mail and the candidate¡¦s enrolment for the corresponding examination, examination paper/module, examination mode and/or examination session will be CANCELLED.
7. Requests by candidates for transferrals of enrolled examination(s), examination paper(s)/module(s), examination mode(s) and/or examination session(s) will NOT be accepted under ANY circumstances including sickness, business-related matters or any other reasons.
8. The HKSI will charge a refund administration fee (see table below) per examination per examination paper/module per examination mode per examination session.
9. The refund (examination fee less the relevant administration fee) will be payable to the candidate concerned in Hong Kong dollars by cheque ONLY and will be sent by Registered Mail within 28 FULL WORKING DAYS after the receipt of the Application Form by the HKSI.
10. The HKSI reserves the right to amend the refund policy of any of the examinations mentioned above (including adjustments to the administration fees and/or the application deadlines for refunds) at any time without prior notice and to reject applications for refunds from candidates when circumstances warrant. In the event of any adjustments and/or amendments to the refund policy of any of the examinations mentioned above, a public announcement will be displayed at the HKSI counter and /or posted on its website.

	LE (PBE)	LE (CBE)	PDFM
Application Deadline	Within 2 full working days AFTER the enrolment deadline of the respective examination (Please click here for details of respective Application Deadline)	Within 2 full working days BEFORE the enrolment deadline of the respective examination (Please click here for details of respective Application Deadline)	Within 5 full working days AFTER the enrolment deadline of the respective PDFM Examination (Please click here for details of respective Application Deadline)
Administration Fee (per examination per examination paper/module per examination mode per examination session)	HK$200	HK$200	HK$200