Licensing Examination for Securities and Futures Intermediaries

Updating Your Study Guides

Amendments and updates to the LE study guides are made periodically or as necessary to reflect changes in applicable laws, rules, regulations, codes and market practices in Hong Kong. Once an update is released, an announcement will be made on the HKSI Institute website. The latest version or edition of the relevant Study Guides will be available for enrolled candidates to download via the HKSI Institute Online Portal or HKSI Institute Mobile. A list of major updates made to the last version will be provided at the end of the Study Guides for candidates’ reference (not applicable to updates for changes in edition, e.g. from the first-edition to the second-edition).

Candidates should be aware that the latest regulatory and market information may not be immediately incorporated into the Study Guides due to the rapid changes in the securities and futures industry. Candidates are advised to stay informed about any updates or amendments to the relevant laws, regulations and requirements by referring to the legislation published by the relevant authorities.

For examination purposes, unless HKSI Institute provides updates or revisions to the relevant sections of the Study Guides or specifies otherwise, the examination questions will be based solely on content and materials contained within the latest version of the published Study Guides that are still current.

The eStudy guides are available for purchase online in the table below for the relevant version of the Study Guides. Major updates will also be included in the same way as the Study Guides.

Study Guides Published in Version No. eStudy Guide
Paper 1: Fundamentals of Securities and Futures Regulation (Valid for LEs up to and including 1 October 2024) December 2023 3.4.1 Buy It Now
Paper 1: Fundamentals of Securities and Futures Regulation (Valid for LEs from 2 October 2024) August 2024 3.4.2 Buy It Now
Paper 2: Regulation of Securities (Valid for LEs up to and including 1 October 2024) September 2023 2.8 Buy It Now
Paper 2: Regulation of Securities (Valid for LEs from 2 October 2024) August 2024 2.8.1 Buy It Now
Paper 3: Regulation of Derivatives (Valid for LEs up to and including 1 October 2024) January 2024 2.8 Buy It Now
Paper 3: Regulation of Derivatives (Valid for LEs from 2 October 2024) August 2024 2.8.1 Buy It Now
Paper 4: Regulation of Credit Rating Services March 2024 2.2 Buy It Now
Paper 5: Regulation of Corporate Finance  September 2022 3.3 Buy It Now
Paper 6: Regulation of Asset Management (Valid for LEs up to and including 1 October 2024) December 2023 2.6.1 Buy It Now
Paper 6: Regulation of Asset Management (Valid for LEs from 2 October 2024) August 2024 2.6.2 Buy It Now
Paper 18: Regulation of Providing Depositary Services August 2024 1.0 Buy It Now

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

The HKSI Institute has not authorised any third-party to offer LE revision tools or study support resources. The HKSI Institute shall not be responsible for any loss or damage resulting from the use of resources provided by other third-party providers. Read more

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