Recognition from local regulatory bodies

Securities and Futures Commission (SFC)

Paper 1 to 12
Papers 1 to 12 of the LE has been approved by the SFC as the recognized industry qualifications and local regulatory framework papers in relation to the application for licences as Representatives and/or Responsible Officers for all regulated activities (RAs) except for Type 3 RA - Leveraged Foreign Exchange Trading under the "Guidelines on Competence". Please refer to the table below for details.
Regulated ActivityRecognized Industry Qualifications*Local Regulatory Framework Papers
RepresentativesResponsible OfficersRepresentativesResponsible Officers
Type 1 LE Papers 7+8 LE Paper 1 LE Papers 1**+2
Type 2 LE Papers 7+9 LE Paper 1 LE Papers 1**+3
Type 4 LE Papers 7+8 LE Paper 1 LE Papers 1**+2
Type 5 LE Papers 7+9 LE Paper 1 LE Papers 1**+3
Type 6 LE Papers 7+11 LE Paper 1 LE Papers 1**+5
Type 8 LE Papers 7+8 LE Paper 1 LE Papers 1**+2
Type 9 LE Papers 7+12 LE Paper 1 LE Papers 1**+6
Type 10 LE Papers 7+10 LE Paper 1 LE Papers 1**+4
* Recognised industry qualifications can be compensated by certain academic or professional qualifications recognised by the SFC.
** Not required for a licensed representative applying to be a responsible officer.

Disclaimer:
  1. The above is extracted from the SFC's Guidelines on Competence. Candidates are advised to refer to the latest information available on the SFC's website.
  2. Type 3 RA (Leveraged Foreign Exchange Trading) is not included in the above table since the HKSI Institute does not offer any examination papers on this RA.
  3. There is no competence requirement for Type 7 RA (Providing Automated Trading Services).

 

Papers 15 and 16
Papers 15 “Sponsors (Principals)” and 16 “Sponsors (Representatives)” of the LE have been approved by the SFC’s Academic and Accreditation Advisory Committee (AAAC) for the purposes of the examinations under the sponsor eligibility criteria as follows:
  • Paper 15 — the special examination on ethics, sponsor work, and the legal and regulatory requirements governing the conduct of IPO transactions in Hong Kong for the purposes of the SFC’s eligibility criteria for Principals; and
  • Paper 16 — the relevant examination for the purposes of the SFC’s eligibility criteria for Type 6 representatives or relevant individuals engaged in sponsor work.


Insurance Authority (IA)
HKSI Practising Certificates and HKSI Specialist Certificates, which are granted to candidates who have completed a preset combination of LE examination papers, are recognised by the IA.  Holders of either of these certificates are exempted from taking the "Investment-linked Long Term Insurance Examination" of the Insurance Intermediaries Quality Assurance Scheme (IIQAS).