SFC Licensing Exam Calculator

Determine your exam requirements based on SFC Guidelines on Competence (Oct 2024)

Step 1: Role & Regulated Activity

Select your role and the regulated activity you're applying for.

What role are you applying for?

👤

Licensed Representative (LR)

👔

Responsible Officer (RO)

Which Regulated Activity (RA)?

Type 1Dealing in Securities

Type 2Dealing in Futures

Type 3Leveraged FX Trading

Type 4Advising on Securities

Type 5Advising on Futures

Type 6Corporate Finance

Type 7Automated TradingNo Exam

Type 8Margin Financing

Type 9Asset Management

Type 10Credit Rating

Type 13Depositary ServicesNew 2024

Step 2: Licensing History

Your licensing history affects exam exemptions.

Are you currently licensed by the SFC?

Yes

Current licenses:

Type 1 Type 2 Type 4 Type 5 Type 6 Type 8 Type 9 Type 10 Type 13

Have you been licensed in the past?

Yes

Years out of the industry:

years

3-8 years = CPT hours required; >8 years = no exemption

Previous licenses:

Type 1 Type 2 Type 4 Type 5 Type 6 Type 8 Type 9 Type 10 Type 13

Step 3: Qualifications & Experience

Your qualifications determine exam exemptions.

Highest Academic Qualification:

Professional Qualifications:

CFA CIIA CFP FRM CPA

Relevant experience in past 8 years:

years

5+ years = RIQ exemption

Relevant experience in past 6 years:

years

RO requires 3+ years

Management experience:

years

RO requires 2+ years

Serving professional investors only?

Yes

Step 4: Exam History

Select papers passed within 3 years.

LRP Papers (Regulatory):

Paper 1 Paper 2 Paper 3 Paper 4 Paper 5 Paper 6 Paper 18

RIQ Papers (Practical):

Paper 7 Paper 8 Paper 9 Paper 10 Paper 11 Paper 12 Paper 19

Additional Papers:

Paper 15 Paper 16 Paper 17

Disclaimer

This calculator provides general guidance based on SFC Guidelines on Competence (October 2024). Individual circumstances may vary. For official requirements, consult the SFC directly.

SFC Guidelines | HKSI | 2CExam