Pass Rate for the Licensing Examination for Securities and Futures Intermediaries

SessionMay-16Jun-16Jul-16Aug-16Sept-16Oct-16Nov-16Dec-16Jan-17Feb-17Mar-17Apr-17Average
Pass Rate
Examination
Paper
Paper 1 58.52% 57.33% 51.04% 59.69% 60.45% 58.96% 54.85% 57.26% 57.77% 61.17% 51.65% 50.48%

56.60%

Paper 2 67.22% 71.23% 73.33% 68.06% 69.57% 67.23% 71.88% 74.39% 76.68% 68.21% 76.53% 76.22%

71.71%

Paper 3 72.22% 80.56% 88.89% 77.14% 85.71% 78.38% 79.17% 66.67% 78.79% 79.17% 71.15% 80.00%

78.15%

Paper 4 - 100.00% - - 100.00% - - 66.67% - - 83.33% -

87.50%

Paper 5 95.45% 66.67% 83.33% 71.43% 84.62% 80.95% 80.00% 80.77% 72.73% 62.07% 86.21% 74.07%

78.19%

Paper 6 78.69% 74.22% 80.00% 66.27% 79.66% 76.85% 75.70% 74.39% 78.81% 78.76% 74.40% 80.88%

76.55%

Paper 7 52.57% 50.17% 67.90% 64.18% 58.37% 58.40% 61.48% 66.38% 59.30% 62.87% 63.27% 65.79%

60.89%

Paper 8 64.50% 51.32% 58.27% 65.36% 56.77% 64.65% 63.06% 59.39% 54.34% 58.56% 58.90% 58.56%

59.47%

Paper 9 55.56% 49.12% 55.32% 43.94% 32.20% 30.30% 45.61% 36.36% 38.10% 56.82% 56.06% 38.10%

44.79%

Paper 10 - 71.43% - - 80.00% - - 75.00% - - 50.00% -

69.11%

Paper 11 78.95% 58.82% 56.00% 44.44% 38.10% 76.47% 100.00% 58.33% 85.00% 62.50% 94.74% 66.67%

68.33%

Paper 12 57.38% 65.48% 71.74% 57.14% 62.26% 67.27% 70.31% 65.38% 64.71% 60.00% 52.94% 56.76%

62.61%

Paper 15 100.00% - 88.89% - 83.33% - 100.00% - 71.43% - 62.50% -

84.36%

Paper 16 70.59% 67.27% 65.82% 65.82% 71.43% 69.00% 72.50% 64.52% 75.00% 80.36% 80.60% 60.38%

70.27%

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 4

Regulation of Credit Rating Services

Paper 10

Credit Rating Services

Paper 5

Regulation of Corporate Finance

Paper 11

Corporate Finance

Paper 6

Regulation of Asset Management

Paper 12

Asset Management

Sponsors Papers

Paper 15

Sponsors (Principals)

 

Paper 16

Sponsors (Representatives)

For papers with more than one examination sessions held in a month, the pass rates shown above are the average pass rates of those examination sessions held within the month.

* The LE does not comprise Paper 13 and Paper 14.