Hksi Paper 6 Exam Schedule

[Manlio Chowdhury]

TheLicensing Examination for Securities and Futures Intermediaries (LE), a practical and market-focused examination for individuals who wish to pursue their careers in the securities and investment industry in Hong Kong. The Securities and Futures Ordinance provides for the implementation of the single licensing regime with 10 types of regulated activity (RA). An individual will need one licence or registration to carry on different types of RA. The LEs have been recognised by the Securities and Futures Commission (SFC) for meeting the competence requirements for individuals in relation to the applications for licences as Representatives and/or Responsible Officers.

The LE Regulatory Papers (i.e. LE Papers 1 to 6) and Practical Papers (i.e. LE Papers 7 to 12) have been recognised 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 regulated activities (RAs) except for Type 3 RA - Leveraged Foreign Exchange Trading under the "Guidelines on Competence". Please select the RA you want to engage in for understanding the requirements on the relevant Recognised Industry Qualifications and Local Regulatory Framework Papers.

LE papers are offered on a monthly basis except for Paper 4, Paper 10 and Paper 15. The LEs for Papers 4 and 10 are conducted on a quarterly basis, usually in March, June, September and December. The LEs for Paper 15 is conducted on a bimonthly basis, usually in January, March, May, July, September and November. However, the number of examination sessions may be increased to meet demand, if necessary. For the latest examination dates and enrolment deadlines, please refer to the examination timetable available at the HKSI Institute counter and/or on its website.

Candidates who wish to cancel their enrolments for examination sessions(s) may apply for withdrawal of examination. Only the examination fees less an administration fee for the LE held in Hong Kong are refundable.

To apply for a withdrawal, candidates should submit withdrawal applications through the HKSI Institute Online Portal on or before the withdrawal application deadline. For the latest withdrawal application deadlines, please refer to the examination timetable.

The LE is a self-study examination. Self-study hours may vary among candidates depending on their work experience and academic background. The estimated self-study hours shown below are for reference only.

Regulatory Papers:

To help candidates prepare for the LE, the HKSI Institute has launched 14 Study Manuals in both English and Chinese. Candidates enrolling for the LEs held in Hong Kong can enjoy the flexibility of downloading the respective eStudy Manuals via the HKSI Institute Online Portal during the period from the enrolment date to the examination date of the relevant examinations. The HKSI Institute revises the LE study manuals and publishes their updated version or edition periodically. For details, please click Updating Your Study Manuals.

Upon the successful completion of a preset combination of examinations within 3 years (the 3-year period will commence from the date of the first LE paper that the candidate passes), candidates will be awarded the HKSI Institute Certificate. There are two levels of certification:

All certificates, including both HKSI Institute Practising Certificates and HKSI Institute Specialist Certificates, will be issued to the eligible candidates ONCE only within the three-year completion period.

Additional certificate of the same type will be issued to candidates only when they have completed ALL the LE examination papers offered by the HKSI Institute, obtained ALL 10 types of certificates within the required three-year completion period and have subsequently re-attempted and passed the required preset combination of examination papers for the corresponding certificate(s). The new completion period will commence from the date of the first re-attempted LE paper that the candidate passes.

The LE is the HKSI Institute's benchmark qualification for entry to membership and for progression within membership. HKSI Practising Certificate holders are eligible to apply for Associate Member (AHKSI). HKSI Specialist Certificate holders with at least three year of relevant industry experience are eligible to apply for Ordinary Member (MHKSI). Please click here for detail of membership.

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 Insurance Authority (IA) of Hong Kong. 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).

LE Paper 1 has been recognised by the Association of International Wealth Management (AIWM) as a substitution of Regional Paper (i.e. Local laws and regulations) of the Certified International Wealth Manager (CIWM) Final Examination in Hong Kong.

LE Paper 1 is recognised as a suitable replacement of the Chartered Institute for Securities & Investment's (CISI) Investment Operations Certificate (IOC) regulatory unit. The IOC is awarded on the completion of 3 IOC units. HKSI Institute's individual members or market practitioners who have successfully completed the LE Paper 1 are required to take only 2 IOC units to attain the certification.

What is the use of an HKSI exam transcript? What is an HKSI certificate? Do I need an HKSI exam transcript or an HKSI certificate when applying for SFC registration?

To work in the securities industry in Hong Kong, passing the Hong Kong Securities and Futures Commission (SFC) Licensing Exam LE is required. The organization that conducts this exam is the Hong Kong Securities and Investment Institute (HKSI).

Candidates who take the computer-based exam can usually log in to the HKSI electronic service website and download and print the official exam transcript and performance analysis report about 2 hours after the exam.

The SFC's "Competence Guidelines" state that "individuals should have acquired industry recognized qualifications and passed local regulatory framework examinations within three years prior to the submission of the application."

If someone wants to apply for an SFC license, they need to complete the relevant HKSI LE exams within three years prior to the application. This means that the validity period for HKSI exam scores is three years. If an exam paper combination is required, all exam papers must have been taken within three years prior to applying for the license.

The answer is yes. According to the SFC's "Competence Guidelines," "if an individual has acted as a responsible officer or a licensed representative in relation to any local regulatory framework examination-related regulated activity at any time in the last three years, the SFC may recognize relevant local regulatory framework examination(s) passed by the individual within three years."

For example, if student A passed exam papers 1, 7, and 8 three years ago and obtained an SFC license for regulated activity Type 1 - securities trading in the past three years, then if A applies to add regulated activity Type 2 - futures contract trading, they do not need to retake exam papers 1 and 7, but only need to take exam paper 9.

The answer is the HKSI LE exam transcript. The exam information on the HKSI LE exam transcript is a valid proof of whether the candidate passed the exam and whether the exam scores are still valid within the three-year period. Therefore, when submitting an application for an SFC license, the applicant needs to submit the HKSI LE exam transcript along with the application materials.

HKSI requires all candidates who participate in its qualification exams to pass a designated combination of exam papers within three years to obtain the HKSI Institute's qualification certificate. The three-year period is counted from the exam date of the candidate's first passed exam paper.

HKSI qualification certificates can be used for various purposes. For example, the "Insurance Intermediaries Quality Assurance Scheme" states that individuals who hold the HKSI Institute Licensing Examination Certificate or the HKSI Institute Advanced Certification are exempted from taking the Investment-linked Long Term Insurance (IIQE Paper 5) exam.

The LE consists of fourteen papers. There are two modes of examination for LE Papers i.e., Computer-based Examination (CBE) and Paper-based Examination (PBE).All examination papers will be offered in both English and Chinese, and examination questions will be set in a multiple-choice (MC) format. LE papers are offered on a monthly basis except for Paper 4, Paper 10 and Paper 15. The LEs for Papers 4 and 10 are conducted on a quarterly basis, usually in March, June, September and December. The LEs for Paper 15 is conducted on a bimonthly basis, usually in January, March, May, July, September and November. However, the number of examination sessions may be increased to meet demand, if necessary. For the latest examination dates and enrolment deadlines, please refer to the examination timetables available at the HKSI Institute counter and/or on its website.

English LE Bibles are filled with pictures and graphs, designed to assist candidates with reading disability and substitute the HKSI LE Paper 1,2,3,5,6,7,8,9,12 Study Manual provided by the Hong Kong Securities and Investment Institute. The Bible are classified and sorted by chapters for higher efficiency learning.

Watch the videos (not only the knowledge concepts, but also exam tips and traps) by expert trainers on your own schedule. You are flexible to decide your learning start date and review the online materials unlimitedly at the e-learning platform during the subscription period.

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