HKSI Paper 7,8,9,11,12 exemption case studies

• I don't have a university degree, can I get the SFC licence?
• I graduated in Mainland China/Overseas, can I get the SFC licence?
• Overseas Degree allowed for exemption?
• Associate Degree can get exemption?
• Top up Degree can get exemption?
• Minor ,electivescan get exemption?

Case 1：

Miss Chan has

• graduated from
  POLYU BBA with major in marketing

If she wants to enter a bank to sell funds, which HKSI Exams should she sit for?

Selling funds is Type 1 regulated activity (Dealing in securities).

Miss Chan is a

• POLYU’s BBA degree graduate

Which satisfies SFC’s “Guidelines on competence” on academic qualification

Therefore

• Miss Chan only has to sit for HKSI Paper 1

To be able to register with SFC and become a licensed representative to conduct Type 1 regulated activities.

Case 2：

Miss Cheung has

• Graduated from
  UST BBA with major in marketing

If she wants to enter a brokerage firm to trade stock for clients, which HKSI Exams should she sit for?

Stock trading is Type 1 regulated activity (Dealing in securities).

Miss Cheung is a

• UST’s BBA degree graduate

Which satisfies SFC’s “Guidelines on competence” on academic qualification

Therefore

• Miss Cheung only has to sit for HKSI Paper 1

To be able to register with SFC and become a licensed representative to conduct Type 1 regulated activities.

Case 3：

Mr. Ko has

• A degree from an overseas college with major in films
• Took two elective courses related to economics

If he wants to enter a brokerage firm to trade stock for clients, which HKSI Exams should he sit for?

Stock trading is Type 1 regulated activity (Dealing in securities).

Mr. Ko has

• Took two elective courses related to economics

Which satisfies SFC’s “guidelines on competence” on academic qualification

Therefore

• Mr. Ko only has to sit for HKSI Paper 1

To be able to register with SFC and become a licensed representative to conduct Type 1 regulated activities.

Case 4：

Miss Ko has

• A degree from overseas college with major in psychology
• Did not take any elective courses related to Accounting, Business Administration, Economics, Finance or Law

If she wants to enter a brokerage firm to trade stock for clients, which HKSI Exams should she sit for?

Stock trading is Type 1 regulated activity (Dealing in securities).

Miss Ko is neither a BBA graduate, a college graduate majoring in Accounting, Business Administration, Economics, Finance or Law, nor did she attend any elective courses of the above disciplines.

Therefore

• Miss Ko has to sit for HKSI Papers 7 & 8

And

• Miss Ko also has to sit for HKSI Paper 1

To be able to register with SFC and become a licensed representative to conduct Type 1 regulated activities.

Case 5：

Miss Yu has:

• A medical degree from overseas college
• Did not study any courses related to Accounting, Business Administration, Economics, Finance or Law
• Took HKSI Papers 7 & 8 two years ago

If she wants to enter a brokerage firm to trade stock for clients, which HKSI Exams should she sit for?

Stock trading is Type 1 regulated activity (Dealing in securities).

Miss Yu is neither a BBA graduate, a college graduate majoring in Accounting, Business Administration, Economics, Finance or Law, nor did she attend any elective courses of the above disciplines.

However

• Miss Yu took HKSI Papers 7 & 8 two years ago, which is still valid as HKSI exams are valid for three years, therefore she doesn’t have to retake the exams

Therefore

• Miss Yu only has to sit for HKSI Paper 1

To be able to register with SFC and become a licensed representative to conduct Type 1 regulated activities.

Case 6：

Mr Leung is

• A practising lawyer in Hong Kong
• A HKU Law graduate, but did not take any related courses related to Accounting, Business Administration, Economics, Finance

If Mr Leung wants to enter a brokerage firm to trade futures for clients, which HKSI exams should he sit for?

Buying/Selling futures is Type 2 regulated activities.

As Mr Leung is

• A college law degree graduate
• A local practising lawyer

Both of the above qualifications have fulfilled SFC’s “Guidelines on competence” on academic/ professional qualification.

Therefore

• Mr Leung only has to sit for HKSI Paper 1

To be able to register with SFC and become a licensed representative to conduct Type 2 regulated activities.

Case 7：

Mr Yip is

• A practising accountant in Hong Kong
• A college graduate from University of Taiwan majoring in politics, but did not take any elective course related to Accounting, Business Administration, Economics, Finance or Law

If he wants to enter a brokerage firm to trade stock for clients, which HKSI Exams should he sit for?

Stock trading is Type 1 regulated activity (Dealing in securities).

As Mr Yip is

• neither a BBA graduate, a college graduate majoring in Accounting, Business Administration, Economics, Finance or Law, nor did he attend any elective courses of the above disciplines

However, he is

• A practicing accountant in Hong Kong

This qualification fulfills SFC’s “Guidelines on competence” on academic/ professional qualification. Therefore,

• Mr Yip only has to sit for HKSI Paper 1

To be able to register with SFC and become a licensed representative to conduct Type 1 regulated activities.

Case 8：

Miss Mok is

• A high school graduate from an overseas high school

Although she came back and work for the catering industry, she sees bright prospect in the financial industry and now wants to enter a brokerage firm to trade stocks. Which HKSI Papers should she sit for?

Stock trading is Type 1 regulated activity (Dealing in securities).

As Miss Mok is

• neither a BBA graduate, a college graduate majoring in Accounting, Business Administration, Economics, Finance or Law, nor did she attend any elective courses of the above disciplines

Therefore

• Miss Mok has to sit for HKSI Paper 7 & 8

And

• Miss Mok also has to sit for HKSI Paper 1

To register with SFC and become a licensed representative to conduct Type 1 regulated activities.

Case 9：

Miss To

• Attended Open University for Bachelor degree of BBA

But she dropped out because of heavy workload, so she

• Converted her units for an associate degree

As she sees bright prospect in the financial industry, she wants to enter a brokerage firm to trade stocks for clients. Which HKSI Papers should she sit for?

Stock trading is Type 1 regulated activity (Dealing in securities).

As Miss To is

• neither a BBA graduate, a college graduate majoring in Accounting, Business Administration, Economics, Finance or Law, nor did she attend any elective courses of the above disciplines.

Therefore

• Miss To has to sit for HKSI Paper 7 & 8

And

• Miss To also has to sit for HKSI Paper 1

To register with SFC and become a licensed representative to conduct Type 1 regulated activities.

Pass Paper English Version: https://2cexam.com/hksipaper1pastpaper/

Pass Paper Chinese Version: https://2cexam.com/zh-hant/hksipaper1pastpaper/