Licensing Examination for Securities and Futures Intermediaries

Please select the RA you want to engage in to understand the requirements on the relevant Recognised Industry Qualifications (RIQ) and Local Regulatory Framework Papers (LRP), and additional LE Papers for individuals who engage in Type 6 RA and intend to fulfil SFC’s eligibility criteria.

Remarks

• For exemptions from the RIQ and LRP requirements, please refer to paragraph 4.4 of the SFC's “Guidelines on Competence”.
• Type 3 RA (Leveraged Foreign Exchange Trading) is not included in the above since the HKSI Institute does not offer any examination papers on this RA.
• There is no RIQ and LRP requirements for Type 7 RA (Providing Automated Trading Services).

Format: Multiple-choice Questions (MCQ)
Examination Question Language: English and Traditional Chinese
Pass Mark: 70% for each paper
Mode: Computer-based Examination (CBE)
Examination System and Interface Language: Examination Simulator ; English or Traditional Chinese
Examination Venue: HKSI Institute Computer-Based Examination (CBE) Centre (Examination Day Flow)

The examination syllabus and fee schedule are listed below.

* For the examination dates and application deadlines, please click here. Please note that enrolment is on a first-come-first-served basis. The number of examination sessions may be increased as needed to meet demand.

1. General Rules and Regulations:
• Candidates are strongly advised to carefully read all the rules and regulations set before attempting any examination.
• Key areas covered included “General Rules”, “Proof of Identity”, “Use of Electronic Calculators” and “Misconduct”. 
2. Handling Misconduct Cases:
• If a candidate is suspected of breaching examination regulations during the examination:
• Immediate suspension from taking any further HKSI Institute’s examinations.
• Examination results are withheld until the entire process for handling alleged misconduct cases is completed and the candidate is not disqualified from the examination.
3. Suspension Period and Rescheduling:
• During the suspension period, candidates cannot re-schedule their enrolled examinations to another session.
• All fees paid are non-transferable and non-refundable.
4. Investigation and Decision Making:
• The HKSI Institute will investigate all alleged misconduct cases.
• Cases may be reported to the Examinations Disciplinary Panel and/or Appeal Panel for decision-making.
5. Consequence of Breach: 
• Failure to observe regulations may lead to disqualification from the examination.
• Candidates may be suspended from taking any HKSI Institute examinations from six months to five years.
6. Reporting and Record Keeping:
• The HKSI Institute will report instances of candidates breaching these examination regulations to the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA).
• The Institute reserves the right to report to the police, inform relevant stakeholders, and display information about the misconduct case on its website.  
• All misconduct cases are recorded in candidates’ personal records maintained by the Institute for future reference. 

Read All the Rules and Regulations

Candidates need to be aware of the guidelines for cancelling or rescheduling of examinations due to bad weather or any unexpected situation.

Candidates will be notified via email and HKSI Institute Mobile App regarding the examination arrangement or cancellation. 

Guidelines on Examination Cancellation/Rescheduling Due to Bad Weather or Unexpected Situation

The Personal Data (Privacy) Ordinance (the “Ordinance”) has been effective in Hong Kong since late 1996.  This notice is intended to help candidates understand their obligations and rights regarding the provision of their personal data to the Hong Kong Securities and Investment Institute (HKSI Institute) and how the HKSI Institute may use or handle such data. 

1. Candidates must keep the HKSI Institute updated of any changes in their personal data from the time they enrol as candidates for an examination until they completed it.
2. The HKSI Institute will use the personal data provided for the following purposes:

   i	administering the examination and marketing;
   ii	delivering information about the examination;
   iii	maintaining candidate records;
   iv	distribution of examination results to concerned candidates;
   v	certifying candidates’ examination-related information to the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA);
   vi	reporting information of candidates violating the examination regulations to the SFC and the HKMA, the police, inform relevant stakeholders, and display information about the misconduct case on HKSI institute website;
   vii	transferring, releasing, disclosing or providing to the SFC and the HKMA for monitoring, verifying and conducting matching (including “matching procedure” as defined in s.2 of the Personal Data (Privacy) Ordinance, Cap 486) purposes as well as any other related purposes of assisting SFC and the HKMA to perform and discharge their functions;
   viii	informing candidates of activities, courses, examinations, products or services that the HKSI Institute believes may interest them;
   ix	conducting research or statistical analysis;
   x	promoting and providing services offered by the HKSI Institute, SFC or such third parties as determined by the HKSI Institute;
   xi	releasing information to the relevant third parties on whose behalf the HKSI Institute administers, conducts or organises examinations and to any third party that the HKSI Institute engages to administer and/or conduct examinations for and on behalf of the HKSI Institute; and
   xii	any other related purposes.

3. The HKSI Institute will keep candidates’ personal data confidential. Nevertheless, during its operations, the HKSI Institute may compare, transfer or exchange their data with the data already possessed, or obtained hereafter, by the HKSI Institute for these or any other purposes.
4. Candidates have the right, under the Ordinance, to request access to, or correction of any data provided by them as per the manner and limitations prescribed therein.
5. As the Ordinance allows, the HKSI Institute has the right to charge a reasonable fee for the processing of any request for data access.
6. Candidates who wish to request access to or correction of their data should do so in writing to the HKSI Institute as below:
   Hong Kong Securities and Investment Institute
   17/F, Cambridge House, Taikoo Place,
   979 King's Road, Quarry Bay, Hong Kong
   Curriculum and Examinations Department
   Administrative Officer
7. Candidates who do not want to receive any information on activities, courses or examinations organised by the HKSI Institute should write to the HKSI Institute.

Enrolment

Click here for details and the enrolment steps.

Rescheduling

Rescheduling is applicable for all LE Papers in Hong Kong, excluding Paper 4 and 10, before the rescheduling deadline. Click here for details.

Withdrawal

Withdrawal services are only applicable to the LE in Hong Kong and Macau.  Click here for details.

You can find frequently asked questions about an examination below or click here for other questions.

1. Is there any exemption from certain LE Papers?
2. Can I make use of the new rescheduling feature if I enrolled for the computer-based examination prior to 8 August 2024?
3. Why are some examination sessions visible on the HKSI Institute website's Examination Schedule but not found in ProScheduler?
4. What is the "Preferred Month for Examination" stated in the enrolment page?
5. Is the "Examination System Interface Language" related to the language of the examination questions?
6. Why I can only choose the examination session within the two weeks being shown in ProScheduler?
7. Why examination session not being displayed for scheduling on ProScheduler even though it hasn't reached the scheduling deadline?
   
8. Who should I contact if I encounter issues while scheduling or rescheduling an examination session through the "ProScheduler" platform?
9. What are the key points to keep in mind on the examination date?
10. On the examination day, if I am unable to attend, can I request a reschedule or seek a refund?
11. How can I get my Notification of Results and examination certificates?