HKSI Institute AR2023

EMPOWERING PROFESSIONAL ADVANCEMENT BUSINESS REVIEW We continue to offer a wide range of job and industry specific qualification examinations and development programmes, catering to both practitioners and new entrants to enable them to acquire and fulfil industry competency requirements while providing a clear career progression pathway. Our offerings ensure the quality of our practitioners matches international standards and help them gain a competitive edge in the financial services industry. QUALIFICATIONS Examination Offerings Summary of the examinations administered during the reporting period: Practising Qualification Examinations Licensing Examination for Securities and Futures Intermediaries (LE) MPF Intermediaries Examination PRC Securities Regulations Examination The Chinese Gold and Silver Exchange Society Qualification Examination (GSQE) Professional Qualification Examinations Certified International Investment Analyst (CIIA) Final Examination Certified Private Wealth Professional (CPWP) Module 1 Examination Certified Private Wealth Professional (CPWP) Bridging Programme Post-training Examination Investment Operations Certificate (IOC) Trust Training Certificate (TTC) Examination New LE Papers In response to the SFC’s licensing regimes for the Virtual Asset Trading Platform Operators (VATP) and the new Type 13 regulated activity (RA13) applicable to depositaries of SFC-authorised collective investment schemes, we have taken a proactive approach to develop high-quality and relevant examinations. To facilitate this process, we established the Virtual Assets Working Group and the Trust Working Group, working closely with the Securities and Futures Commission (SFC) to establish standards for new examination papers, as well as develop training programmes that will benefit individuals who need to carry on these activities under the new regulatory frameworks. The examinations and training programmes are expected to be launched in 2024. Launch of the CPWP Bridging Programme Recognising the shared core competencies between Hong Kong Monetary Authority’s Enhanced Competency Framework on Retail Wealth Management (ECF-RWM) and Private Wealth Management (ECF-PWM), we worked closely with Private Wealth Management Association (PWMA) and the Hong Kong Institute of Bankers (HKIB) to develop and administer a bridging programme to enable qualified holders of HKIB’s Certified Retail Wealth Professional (CRWP) Certification under ECF-RWM to pursue the Certified Private Wealth Professionals (CPWP) Certification under ECF-PWM. This initiative allows individuals to seamlessly enter the private wealth management sector by leveraging their existing expertise. The CPWP Bridging Programme, launched in January 2023, consists of two mandatory training modules along with a post-training examination. Upon successfully completing the CPWP Bridging Programme, participants will receive a PWMA-recognised Certificate of Completion, which is equivalent to passing the examinations of CPWP Module 1 (Paper 1) and Module 2. The HKSI Institute plays a key role in overseeing the overall programme management, including enrolment, examination administration and certificate issuance. We also develop Module 1 of the bridging programme, which focuses on technical and product knowledge, while HKIB is responsible for Module 2, which covers the ethics and compliance aspect. HKSI Institute Annual Report 2023 30