Frequently Asked Questions

1. What is HKSI?

The Hong Kong Securities and Investment Institute is a professional financial institution. The Institute offers those who are interested in pursuing a career within the financial services industry a comprehensive programme of high quality professional training, events and internationally recognised examinations which aim to assist individuals achieve their own professional goals within the industry.

2. Where is HKSI? What is the operation hour of HKSI?

Our office is located at the 24/F Wing On Centre, 111 Connaught Road Central, Hong Kong. Our office hour is from Monday to Friday at 9:00 a.m. to 5:30 p.m.

3. Who are the HKSI board members? What do they do?

The Board, or the Board of Directors, is the highest level of power of the Institute. Board members are elected by HKSI individual members during the Annual General Meeting (AGM). In addition, SFC will also appoint 3 representatives into the Board. All Board members are senior market practitioners. For the current board members, please refer to here.

Examinations

Licensing Examination for Securities and Futures Intermediaries (LE)

1. Are there any organizations that recognise the LE?

The LE, an industry benchmark examination, has been recognised by both local regulatory bodies and international professional organizations.

2. Is there any relationship between the Securities and Futures Commission's (SFC's) licensing requirements and HKSI qualifications?

By passing the appropriate combination of LE papers, you will fulfil the SFC's competence requirements in respect of industry qualification and regulatory knowledge for respective regulated activities under the Securities and Futures Ordinance (SFO), either as a Representative or as a Responsible Officer. For details, please refer to the SFC's "Guidelines on Competence" and the "List of Recognised Industry Qualifications and Local Regulatory Framework Papers"

Even if you do not wish to apply for any licence with the SFC, on completion of a preset combination of LE papers, you will still be awarded with HKSI certificates which are HKSI Practising Certificates and HKSI Specialist Certificates. The following tables show the combination of LE papers you have to complete in order to obtain HKSI's certificates.

LE PapersHKSI Practising Certificates
Papers 1 + 7 + 8 HKSI Practising Certificate - Securities
Papers 1 + 7 + 9 HKSI Practising Certificate - Derivatives
Papers 1 + 7 + 10 HKSI Practising Certificate - Credit Rating Services
Papers 1 + 7 + 11 HKSI Practising Certificate - Corporate Finance
Papers 1 + 7 + 12 HKSI Practising Certificate - Asset Management


LE PapersHKSI Specialist Certificates
Papers 1 + 2 + 7 + 8 HKSI Specialist Certificate - Securities
Papers 1 + 3 + 7 + 9 HKSI Specialist Certificate - Derivatives
Papers 1 + 4 + 7 + 10 HKSI Specialist Certificate - Credit Rating Services
Papers 1 + 5 + 7 + 11 HKSI Specialist Certificate - Corporate Finance
Papers 1 + 6 + 7 + 12 HKSI Specialist Certificate - Asset Management

Holders of the HKSI Practicing Certificate can apply for HKSI Affiliate Membership while holders of HKSI Specialist Certificate will be eligible to apply for HKSI Ordinary Membership if they possess three years' relevant industry experience.

3. What are LE Papers 1, 7 and 8?

The SFO introduces a single licensing regime with nine types of regulated activities (RAs). Each licensed or registered person will only need one licence or registration to carry on different types of RA.

Regulated Activities under the SFO

  Type Regulated Activity
  1 Dealing in Securities
  2 Dealing in Futures Contracts
  3 Leveraged Foreign Exchange Trading
  4 Advising on Securities
  5 Advising on Futures Contracts
  6 Advising on Corporate Finance
  7* Providing Automated Trading Services
  8 Securities Margin Financing
  9 Asset Management
  10^ Providing Credit Rating Services

* There is no competence requirement for Type 7 RA.
^ The new Type 10 regulated activity will become effective from 1 June 2011.

For the purposes of the licensing regime, the HKSI has launched the Licensing Examination for Securities and Futures Intermediaries (LE). The LE has 12 examination papers focusing on regulatory and technical matters.

The SFC has approved the LE as the recognised industry qualifications and local regulatory framework papers for all regulated activities except for Type 3 RA (Leveraged Foreign Exchange Trading). Candidates have full discretion to attempt any combination of papers depending on what they need, or what types of RA for which they would like to be licensed by the SFC.

If candidates complete LE Papers 1, 7 and 8 successfully within 3 years (as required by the SFC), they will be qualified to be licensed as Representatives for Type 1 RA (Dealing in Securities), Type 4 RA (Advising on Securities), and/or Type 8 RA (Securities Margin Financing). Please note that there are other prerequisites for licensing by the SFC. For details regarding any licensing matter, please visit the SFC website or contact the SFC directly.

In addition, candidates who have satisfied the requirements as stated under Section 2.3 - Completion Requirements and Award in the Licensing Examination for Securities and Futures Intermediaries (LE) Computer-based Examination (CBE) Examination Handbook / LE Examination Handbook (for the Paper-based Examination (PBE)) will be awarded HKSI Certificates.

4. Are there any prerequisites for enrolling in the LE?

There are no prerequisites for enrolling in the LE. Applicants have full discretion to attempt any combination of papers in any order. However, if applicants wish to sit the examination for licensing purposes, they are advised to refer to the licensing requirements of the relevant regulatory bodies before enrolling in the examinations.

5. Is there any exemption from certain LE Papers offered to the candidates?

For SFC licensing purposes, applicants with the appropriate qualifications may seek exemptions of certain LE Papers. The "Guidelines on Competence" list the different qualifications recognised by the SFC for the purpose of exemptions of LE Papers and are available at the following link:
http://en-rules.sfc.hk/net_file_store/new_rulebooks/h/k/HKSFC3527_4415_VER10.pdf

As licences and the pertinent exemptions are granted by the SFC, persons interested in applying for a licence with the SFC are advised to contact them directly. To learn more about the SFC and its licensing policy, please visit the SFC website or contact the SFC directly.

However, for HKSI certification purposes, all LE candidates have 3 years to complete their preset combination of examination papers. The 3-year period will commence from the date of the first LE paper that the candidate passes. HKSI Practising/Specialist Certificates are issued to those who have successfully completed a preset combination of papers of the LE.

6. What examination modes are available for the LE?

There are two modes of examination for LE Papers i.e. PBE and CBE.

7. What are the format and pass requirement of the LE?

All examination papers will be offered in both English and Chinese, and examination questions will be set in a multiple-choice format. Candidates will be required to answer all questions in each paper. Please refer to the details of the format and pass requirement of the LE.

8. Where can I find the examination timetable of the LE?

The examination timetable of the LE is available on our website. Please refer to LE Examination Timetable.

9. What is the examination fee of the LE?

Please refer to the examination fee of each LE Paper.

10. How can I enrol in the LE?

PBE
Method 1: Online Enrolment
Applicants may enrol for the LE(PBE) through the HKSI Online Registration and Enrolment System. Applicants must use their own international VISA Card, MasterCard or American Express Card to settle payment of the examination fee(s).

Method 2: In Person at the HKSI Counter or By Post
Applicants must complete the LE enrolment forms for the PBE which can be obtained from the HKSI website, by sending a self-addressed and stamped (HK$3.70) envelope (7" x 10") to the HKSI office (please quote "Request for LE Enrolment Form for the PBE " on the envelope), or in person from the HKSI counter during counter service hours.

Applicants should submit the completed and signed LE enrolment forms for the PBE, together with the appropriate examination fees in person during counter service hours or by Post to the HKSI on or before the corresponding enrolment deadline.

Applications by email or fax will NOT be accepted. For details, please refer to Section 3.2.1- Enrolment Methods in the LE Examination Handbook (for the PBE).

CBE
Method 1: Online Enrolment
Applicants may enrol for the LE(PBE) through the HKSI Online Registration and Enrolment System. Applicants must use their own international VISA Card, MasterCard or American Express Card to settle payment of the examination fee(s).

Method 2: In Person at the HKSI counter
Applicants may also enroll for the LE(CBE) at the HKSI counter IN PERSON ONLY by submitting a completed and signed LE (CBE) enrolment form (original copy only), together with the appropriate examination fee(s), during counter service hours on or before the corresponding enrolment deadline.

Applications by Post, courier, email or fax will NOT be accepted. For details, please refer to Section 3.2.1 - Enrolment Methods in the LE(CBE) Examination Handbook.

11. Will the HKSI accept batch applications for the LE?

The HKSI will NOT accept batch applications for both LE(PBE) and LE(CBE). Each applicant should submit ONE enrolment form only at a time.

12. Can I transfer or cancel the enrolment of an examination if I am unable to attend due to whatever reason?

Requests for alterations or transferrals of enrolled examinations, examination papers, examination modes and/or examination sessions will NOT be accepted under ANY circumstances including sickness, business, or travel arrangements or for any other reason.

Candidates who wish to cancel their enrolments for (an) examination paper(s), examination mode(s) and/or examination session(s) may apply for a refund of the applicable examination fee. Refunds will only be given for examinations which have yet to take place. They do not apply to past examinations attended by candidates or from which candidates were absent for whatever reason. Please refer to the details of the refund policy.

13. I have moved to a new premise and my address previously provided is no longer correct. What should I do so that my results or any other examination-related correspondences reach my new address?

Candidates must notify the HKSI of any changes to their personal particulars (e.g. address, telephone numbers, etc.) immediately via the "Update Personal Information" section in the HKSI online enrolment system or by completing a prescribed form provided by the Examination Services Team (EST) of the HKSI. The completed form should be returned to the HKSI in person during counter service hours, by fax or by Post. Please note that ONLY the candidates' personal records with the EST will be updated with the new information.

14. What kind of materials should I study to prepare for the LE? Are there any reference books / suggested study materials for the LE?

To assist candidates to prepare for the LE, the HKSI has launched E-Study Manuals (Chinese and English versions) for all 12 LE papers, as well as Past Questions and Answers for 10 LE papers.

Please click here for details of E-Study Manuals.

Past Questions and Answers (December 2006) are available for free downloading here.

 

15. How can I prepare for the LE(CBE)?

A CBE system demonstration is available on our website. You are suggested to familiarize yourselves with this system prior to taking the CBE.

You will also be given the opportunity to familiarize yourselves with the operation of the CBE workstation and the CBE system through an interactive mock examination approximately 20 minutes prior to the start of the CBE when admittance to the CBE centre is allowed. The mock examination takes a maximum of 3 minutes only. It can only be attempted ONCE by each candidate in each CBE session. Access to the mock examination will be denied once the actual CBE has started.

16. When will the LE results be released?

PBE
Candidates can access their grades, actual examination scores and individual performance analyses online. This information will be available on the HKSI website approximately 8 FULL WORKING DAYS after the date of each examination. Candidates are advised that this information will only be displayed for a limited period. Candidates need to KEEP THEIR e-ADMISSION FORMS, which contain their candidate number, in order to login to their account. The performance analysis will show the candidate's performance (in terms of a range of %) in each of the paper's topic areas as well as the range of % of his/her overall performance.

The official Notification of Results, showing the grade(s) and the actual examination score(s), will normally be sent out to candidates by Post within 14 FULL WORKING DAYS after the examination.

CBE
Candidates who sit the LE (CBE) can obtain their Unofficial Results Slips showing their actual examination scores and individual performance analysis immediately after the respective CBE session.

The official Notification of Results, showing the grade(s) and the actual examination score(s), will normally be sent out to candidates by Post within 14 FULL WORKING DAYS after the examination.

17. What are the historical pass rates for different LE Papers?

Please refer to the pass rates of each LE Paper.

18. Can a pass in LE Papers 1, 7 and 8 guarantee the candidates a job offer in the industry?

The LE has been approved by the SFC as the recognised industry qualifications and local regulatory framework papers in relation to the application for licences as Representatives and/or Responsible Officers for all RAs except for Type 3 RA - Leveraged Foreign Exchange Trading under the "Guidelines on Competence". Please refer to here for details.

The successful completion of LE Papers 1, 7 and 8 fulfils the recognised industry qualifications and the local regulatory framework papers requirements of the SFC for licensing as Representatives for Type 1 RA - Dealing in Securities, Type 4 RA - Advising on Securities, and/or Type 8 RA - Securities Margin Financing. Although a pass in these papers has no guarantee for a job offer, firms in the securities and futures industry seeking to employ personnel to engage in these RAs will appreciate the "readiness" of a candidate to be licensed as a Representative for these RAs.

19. I have already passed Papers 1, 7 and 8 and I have obtained the Practising Certificate in Securities in July 2009. Will I be able to obtain another certificate if I pass some other LE papers?

HKSI Specialist Certificate(s) will be awarded to candidates if they can pass the required additional LE paper(s) within the 3-year completion period (please refer to the LE (CBE) Examination Handbook / LE Examination Handbook (for the PBE) for details of the 3-year completion period). However, if a candidate passes the same LE paper(s) within the 3-year completion period, the same certificate will NOT be issued in this case.

20. Having attempted and passed the following LE papers, what certificate(s) will I obtain and when will the 3-year completion period expire?

Paper 8 on 21 June 2009
Paper 7 on 20 July 2009
Paper 1 on 23 August 2009
Paper 9 on 21 September 2009

According to the existing examination policy, you will be entitled to a Practising Certificate in Securities in August 2009 and a Practising Certificate in Derivatives in September 2009. The 3-year completion period will commence from 21 June 2009, and will expire on 30 June 2012.

Will I get a Specialist Certificate in Derivatives if I pass Paper 3 in July 2012?

The certificate will not be granted to you if you obtain a pass in Paper 3 after the 3-year completion period, which expires in June 2012.

HKSI Professional Diploma in Financial Markets (PDFM)

1. What is the PDFM?

The HKSI Professional Diploma in Financial Markets (PDFM) aims to set a standard of competency across the securities and investment industry and to examine whether individuals have acquired the knowledge of principles and practices that apply to their job functions. The PDFM is a 5-year programme which is modularised into seven modules ("PDFM Modules").

The PDFM is designed to offer a high degree of flexibility, allowing individuals to pursue the programme at their own pace and by their preferred mode of study. The PDFM allows PDFM Students to select either the Training and Examination Mode ("TE Mode") or the Examination-only Mode ("EO Mode") for each of the seven PDFM Modules.

2. What is the difference between the TE and the EO mode?

PDFM Students have the option to take either the TE Mode or the EO Mode for each of the seven PDFM Modules.

Training and Examination Mode ("TE Mode")
For PDFM Students who have enrolled for a PDFM Module via the TE Mode, their overall results are determined based on their performance in both coursework, which may include assignments, case studies, quizzes, examinations, etc., and the PDFM Examination.

Assessment Percentage
Coursework of training course 30%
PDFM Examination 70%
Total 100%

Under the TE Mode, the seven training courses ("HKU SPACE training courses") of the "Hong Kong Securities and Investment Institute Professional Diploma in Financial Markets Training and Examination Programme", which is jointly offered by The School of Professional and Continuing Education of the University of Hong Kong ("HKU SPACE") and the HKSI, are available for each PDFM Module. For details of the HKU SPACE training courses and the training timetable, please contact HKU SPACE on 2867 8322 or visit HKU SPACE website.

Examination-only Mode ("EO Mode")
For PDFM Students who have enrolled for a PDFM Module via the EO Mode, their overall results are determined solely (100%) based on their performance in the PDFM Examination.

Please refer to Sections 2.7 and 2.8 of the PDFM Programme Handbook regarding the format, duration and timetable of the PDFM Examinations.

3. Do I have to register as an HKSI individual member before enrolling for the PDFM?

Individuals are not required to register as an HKSI individual member before enrolling for the PDFM. However, they must register with the HKSI as a PDFM Student before enrolling for any of the PDFM Modules (via the TE Mode or the EO Mode) for the first time. Please refer to Section 2.4 of the PDFM Programme Handbook for details.

4. Are there any entry requirements for the PDFM?

Yes. There are specific entry requirements applicable to the PDFM. Applicants for PDFM registration must satisfy these entry requirements by demonstrating either prior relevant knowledge in finance OR appropriate academic proficiency. Please refer to Section 2.3 of the PDFM Programme Handbook for details of the entry requirements.

5. Do I have to attempt the seven PDFM Modules in a particular order?

No. PDFM Students can attempt the PDFM Modules in any order they desire.

6. What recognition does the PDFM has?

The PDFM has been recognised by both local regulatory bodies/institutions and by international professional associations/universities, offering PDFM Students a variety of progression pathways to further internationally recognised academic/professional qualifications.

7. Can I obtain a licence from the Securities and Futures Commission (SFC) if I have completed the PDFM?

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. Modules 1, 2, 3, 6 and 7 are recognised by the SFC as Recognised Industry Qualifications and Modules 4 and 5 are recognised as Local Regulatory Framework Papers. PDFM Students who wish to apply for a license from the SFC with their PDFM results should be aware of the 3-year limit for applying for an SFC license. Please check with the SFC direct with regard to licensing requirements.

8. Do I have to pass all seven PDFM Modules in order to obtain an HKSI certificate?

Yes. In order to obtain an HKSI Certificate for the PDFM, PDFM Students must complete all seven PDFM Modules on or before their PDFM Programme Expiry Date.

9. When will the PDFM results be released?

A Notification of Results will normally be issued to PDFM Registered Students by Post within 8 weeks after each PDFM examination.

Certified International Wealth Manager (CIWM)

1. What is Certified International Wealth Manager (CIWM)?

The Certified International Wealth Manager (CIWM) is a unique, professional qualification for experienced financial, legal and other professionals in the wealth management industry.

The qualification is awarded by the Association of International Wealth Management (AIWM), a non-profit association established to promote and strengthen global education in the wealth management industry as well as to set a globally recognised standard for the qualification of the wealth management professionals - the CIWM.

The CIWM examination scheme comprises two levels – the CIWM Foundation Examination and the CIWM Final Examination. Only the CIWM Final Examination is offered by the HKSI in Hong Kong.

2. What are the entry requirements for the CIWM Final Examination?

Applicants who meet the following criteria can proceed directly to the CIWM Final Examination in Hong Kong:

  a. Minimum 3 years work experience;and
  b. Possess any one of the followings:
   
  1. Passes in all of the following PDFM Modules:

    PDFM Module 1 – Economics;
    PDFM Module 2 – Financial Markets and Instruments;
    PDFM Module 3 – Quantitative Methods and Accounting for Finance;
    PDFM Module 6 – Advanced Investment Analysis; and
    PDFM Module 7 – Portfolio Management.

    or
  2. Holder of an undergraduate or master degree in investment and finance from a recognised university.

    or
  3. Recognised professional qualification(s) in investment and finance.

Applicants who do not fully meet the above criteria will be considered by the HKSI on a case-by-case basis.

3. What is the examination format of the CIWM Final Examination?

All examination papers of the CIWM Final Examination are presented in English. CIWM Final Examination (excluding Paper 4) will contain multiple choices, calculation, practical case study questions which assess the knowledge and analytical skills of candidates on the specific topics related to Wealth Management.

4. What are the requirements to be awarded the CIWM designation? Is there a limit to the number of attempts for the CIWM Final Examination?

You have to complete Papers 1, 2 and 3 of the CIWM Final Examination within 5 years. The 5-year period commences from the month of the examination date of the first CIWM Final Examination enrolled by a candidate.

You will have 3 attempts for each of the examination papers (i.e. Papers 1, 2 and 3) of the CIWM Final Examination. If any of the aforesaid examination papers has not been passed after the third attempt, you will no longer be able to sit for the CIWM Final Examination.

You also need to fulfill the following requirements before you are awarded the CIWM designation:
(a) Complete LE Paper 1 or PDFM Module 4;
(b) Have three years experience working in the domain of wealth management, private banking, portfolio management, investment advisory, financial planning, etc;
(c) Be an Ordinary Member or above of the HKSI; and
(d) Be a member of the AIWM.

5. When is the CIWM Final Examination held every year?

The CIWM Final Examination is normally offered in March and September. For the latest examination dates and enrolment deadlines, please refer to the examination timetable on the HKSI website.

6. When will the CIWM Examination results be released?

A Notification of Results will normally be sent out to candidates by Post approximately 3 months after the examination.

7. How can I prepare for the CIWM Final Examination?

You can prepare for the CIWM Final Examination by taking HKSI’s CIWM Final Examination Preparatory Course or by self-study.

The preparatory course is provided exclusively by the HKSI and is delivered by seasoned instructors with practical PWN experiences. All the instructors are recognised and experienced specialists who are experts in their chosen field. The course's thorough coverage of the CIWM curriculum material and the dedication of the HKSI faculty ensure comprehension and preparation for the CIWM Final Examination.

You will also be given access to the study materials (of which depends on which examination paper(s) of the CIWM Final Examination you have enrolled for) via the Study Platform Online Tool (SPOT) after you have successfully enrolled for the CIWM Final Examination.

Certified International Investment Analyst (CIIA®) Final Examination

1. What is the Certified International Investment Analyst (CIIA) qualification and what is the benefit of this qualification?

The CIIA is an internationally recognised advanced professional qualification for individuals wishing to work/working in the finance and investment industry.

The examinations consist of two levels of Common Knowledge Examinations (i.e. the CIIA Foundation Examination and the CIIA Final Examination) and a National/Regional Examination. The Common Knowledge Examinations examine the essential skills and knowledge required for professionals working in investment markets common in all countries. The National/Regional Examination is set by individual national/regional societies and examines knowledge of specific markets. It covers legal and regulatory matters, taxation, local market practices and the cultural environment of the financial market of each specific country.

Only the CIIA Final Examination, which consists of 2 generic examination papers, Exam 1 and Exam 2, is offered in Hong Kong by the HKSI. All eligible candidates enjoy exemptions from the CIIA Foundation and National Examinations and can proceed directly to the CIIA Final Examination.

The CIIA qualification is currently recognised and supported by two of the world's leading Federations EFFAS and ASAF, and 35 national/regional societies for finance and investment professionals from: Argentina, Austria, Belgium, Brazil, China, ChineseTaipei, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Italy, Japan, Kazakhstan, Kenya, Korea, Lithuania, Luxembourg, Mexico, Morocco, Netherlands, Nigeria, Peru, Poland, Portugal, Russia, Spain, Sweden, Switzerland, Tunisia, Ukraine, United Kingdom and Vietnam.

2. Are there any organizations that recognise the Certified International Investment Analyst (CIIA) qualification?

The CIIA qualification is recognised by both local regulatory bodies and international professional associations.

3. Are there any pre-requisites for taking the CIIA Final Examination?

To be eligible for registration as a candidate of the CIIA Final Examination, applicants must meet the requirements of either the DPE/PDFM Route or the EQC Route.

4. How can I prepare for the CIIA Final Examination?

(1) Training courses, including a Crash Course, jointly organized by the HKSI and SCOPE of the City University of Hong Kong, are available for CIIA Candidates wishing to take the CIIA Final Examination. For details of the HKSI/SCOPE training courses and timetable, please contact SCOPE on 27887423 or visit its website.
(2) A free set of study materials, consisting of a Candidate Study Pack (CSP) and Formulae Booklets for the CIIA Final Examination will normally be dispatched to all CIIA Candidates upon confirmation of registration. The CSP contains study manuals and exercises for Exam 1 and Exam 2.
(3) CIIA Candidates should ensure that they have the correct versions of the study manuals applicable to their examinations before attending the examinations. The most updated versions of the study manuals are available for free download on the HKSI website, and for sale at the HKSI counter to CIIA Candidates.
(4) Sample examination questions and solutions for the CIIA Final Examination are available on the ACIIA website.
(5) Past examination papers are available for sale to CIIA Candidates at the HKSI counter.
(6) A "List of References and Suggested Readings" is also available on the HKSI website.

5. When is the CIIA Examination held every year?

Normally, the CIIA Final Examination is offered semi-annually in March and September of each year. The registration deadline, examination date and enrolment deadline are detailed in the examination timetable which is available at the HKSI counter and on HKSI website.

6. When will the CIIA Examination results be released?

A Notification of Results will normally be issued to candidates approximately 3 months after the examination.

7. How can I obtain the CIIA qualification?

To be awarded the CIIA designation, candidates must:

  1. complete the CIIA Final Examination;
  2. complete DPE Paper 2 / PDFM Modules 4 and 5 (if applicable);
  3. have 3 years relevant industry experience and become an HKSI Ordinary Member or above; and
  4. fulfil any other requirements prescribed by the ACIIA.

8. Is the CIIA equivalent to the CFA?

CIIA designation is a financial qualification awarded by the Association of Certified International Investment Analysts (ACIIA), while the CFA is another investment qualification awarded by the CFA Institute. They are simply two individual qualifications, and there is no direct relation between them.

Mandatory Provident Fund (MPF) Intermediaries Examination

1. Is there any organization that recognise the MPF Intermediaries Examination?

The MPF Intermediaries Examination conducted by the HKSI has been recognised by the Mandatory Provident Fund Schemes Authority (MPFA) for the purpose of enabling candidates to meet the examination requirement for being an MPF intermediary.

2. How many questions are there in the MPF Examination?

There are totally 80 multiple choice questions.

3. How long is the MPF Examination?

The MPF Examination lasts for two hours.

4. What is the passing score of MPF Examination?

To pass the examination, candidates are required to attain a minimum score of 70%.

5. When will I receive the examination result?

A Notification of Results will normally be sent to candidates by Post within 7 full working days after the date of examination.

6. When will I receive my certificate?

Candidates who pass the examination will be awarded certificates, which can be collected by candidates in person from the HKSI during office hours 5 full working days after the issue of Notification of Results. Certificate can also be collected by a representative equipped with an authorization letter, an original copy of the Notification of Results and a copy of the Hong Kong Identity Card/Passport of the candidate concerned. Alternatively, the certificate can be sent to candidate by registered Post upon candidate's written request and submission of HK$25 to the HKSI being payment for the postal expenses.

7. What can I do if I have lost my certificate?

The HKSI will issue the certificate ONCE only. Candidates who have lost or damaged their certificates may apply for a Statement of Result by writing. Please refer to section 15.2 of the MPF Intermediaries Examination - Examination Handbook for details.

Training

1. Is there any preparation course for examination?

No, the HKSI does not provide any preparation course for Licensing Examination. However, we do provide a series of Professional Certificate / Certificate courses that are designed to cover the technical and regulatory knowledge for those who are interested in engaging the following SFC's Regulated Activities:

RA1 Dealing in Securities

RA2 Dealing in Futures Contracts

RA4 Advising on Securities

RA5 Advising on Futures Contracts

RA6 Advising on Corporate Finance

RA8 Securities Margin Financing

RA9 Asset Management

2. What kind of courses do HKSI organise?

The HKSI organise the following type of courses:

  • Professional Education and Training Courses
  • Joint Programmes with other tertiary education institutions
  • In-house Training for Companies
  • Professional Certificate Programmes
  • e-courses
  • Mainland China Training

Please refer to our website for more details.

3. Is there any professional certificate / diploma course for F.5 graduates?

In general, there is no entry requirement for HKSI courses. Thus, F.5 graduates are encouraged to enrol our training courses. However, there are entry requirements for Joint Programmes that are jointly organised with other tertiary education institutions. Applicants are reminded to check their eligibility before enrolling the Joint Programmes.

Membership

1. Is it necessary to become a member before enrolling the examination?

To be the HKSI member, you will be affiliated with the leading industry professional is an important step taken for your career advancement. Members are also entitled for a listed of membership benefits. For further information, please refer to here.

To be the HKSI member, you will be affiliated with the leading industry professional is an important step taken for your career advancement. Members are also entitled for a listed of membership benefits. For further information, please refer to here.

2. What are the membership benefits?

Members are also entitled for a listed of membership benefits. For further information, please refer to here.