Kaplan Financial | Financial Market | HKSI | LE (Licensing Examination)

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About Licensing Examination
Program Details
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QBank
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Learning Materials

Licensing Examination Review Courses are one of the most popular course series at Kaplan Financial. We know you need to make your examination preparation as efficient as possible. Kaplan Financial Review Courses are designed to maximize your chances of examination success in a flexible and efficient way, supported by our outstanding trainers, exam-focused materials and an effective course design.

Paper 1	15 hours (5 sessions)
Paper 2	15 hours (5 sessions)
Paper 6	15 hours (5 sessions)

Key Features

	Lecture notes
	Online QBank^# with hundreds of exam standard questions
	Two sets of mock exam papers with answers: • Mock one for in-class practice and debriefing • Mock two for home practice
	Catch up video service – watch recorded lectures in our media lab

Course Dates

Paper 1	May 9, 14, 21, 23, 28
	Jun 13, 18, 20, 25, 27

^#	Please check the system requirement and demo link before subscription

Watch recorded lectures online, from your home, office or during business trip.

What you get

Paper 1	15 hours (5 sessions)
Paper 2	15 hours (5 sessions)
Paper 6	15 hours (5 sessions)

	Study anytime during the 30-day subscription period ¹
	Trainer's annotations are captured
	Instructor email support ²
	Course materials³ include: Paper 1 - Course manual, QBank (online) & 2 full length mock exams* Paper 2 - Course manual, QBank (printed) & 2 full length mock exams* Paper 6 - QBank (printed) & 2 full length mock exams* * - Mock one includes recorded debriefing - Mock two for home practice
	Receive username within 2 working days⁴
	Please check the system requirement and demo link before subscription

¹	You may decide the access start date. Subscription will expire 30 days from the start date
²	Receive reply from instructor within 2 working days
³	You must present the official receipt at our Admiralty Campus to collect course materials. If a third party will collect on your behalf, they must present the original receipt along with your written authorization
⁴	Exclude Saturdays, Sundays and public holidays

	Written and reviewed by high scorers
	Fast paced learning through practicing highest-yield, most challenging questions
	Representative exam question types for optimal exam preparation
	"No lectures" method suitable for seasoned market practitioners

Available Paper

Paper 1

What you get

	Hundreds or practice questions Just enough quality questions that you can practice over lunch hours. More effective and efficient than large pool of low quality questions you see in market
	Unlimited practice during 30-day subscription period ¹
	Questions categorized by topics
	Answer key and explanation
	Score reports
	Receive username within 2 working days²
	Please check the system requirement and demo link before subscription

¹	You may decide the access start date. Subscription will expire 30 days from the start date
²	Exclude Saturdays, Sundays and public holidays

Christine has over a decade of experience in the financial industry. After graduation from Columbia University, she began her career at Goldman Sachs in New York, where she was a Financial Analyst in the Financial Analysis and Planning Department. She spent two years in Tokyo with Goldman's Asia-Pacific Global Operations, and returned to New York as a Senior Programmer/Analyst in the Prime Brokerage Department.

Upon obtaining her MBA at the MIT Sloan School of Management, Christine joined Salomon Smith Barney (now Citigroup) as an Associate in Equity Derivatives. She moved to Hong Kong, where she supported the execution of various OTC derivatives and acted as a futures dealer. She was transferred to the Equity Capital Markets team in 1998. She spent four years supporting the origination of and managing the syndicate process for a wide range of Asia-Pacific equity transactions as a Vice President.

Christine joined Kaplan Financial in 2002. Her corporate training experience includes Credit Agricole, Gladstone Morgan, HSBC and RBS/ABN AMRO.

Archana works as Director with BOCI Private Banking. Prior to this, she was Vice President, Relationship Manager at Citi Private Banking in Hong Kong and Archana’s primary responsibilities include:

Advising individual investors on a wide range of investment products including derivatives, mutual funds, alternative investments, foreign exchange, equities and annuities, assisting them in developing appropriate investment strategies given to their risk tolerance and return objectives
Prospecting, consulting and individual client review
Monitoring client investment portfolios and implementing rebalancing

Before joining Citi, Archana has 10 years of experience in equity research in India.

For more than 20 years, Carl has been helping his students reach their goal of earning the coveted CFA charter.

Carl has extensive experience in teaching all three levels of CFA, including teaching CFA exam review courses for the New York Society of Security Analysts (NYSSA), the Abu Dhabi Investment Authority, Kaplan Schweser and Greico Financial Training Institute. He also served as technical editor for the content development of Kaplan Schweser CFA Level I Study Notes.

In 2010, Carl took a leave of absence from CFA exam prep teaching to be the Chief Financial Officer of a non-profit organization in New York. His responsibilities as CFO included cash budgeting and management, forecasting operating and capital budgets, inventory management and endowment management.

Carl received his MBA and PhD, from George Washington University and taught undergraduate and graduate finance courses at Pace University for 7 academic years. Carl received the Kenan Award for Teaching Excellence after only three years of teaching at Pace. He successfully got tenure in his sixth year at Pace. The following year, he took a leave of absence to join NYSSA as Education Consultant. Carl was one of the most popular instructors at NYSSA and has helped develop their education program exponentially from short preview class to a
full range of continuing education and review courses,
including the popular CFA review program.

Apart from CFA, Carl also teaches NASD Licensing Series 7 and Series 87 review courses.

Prior to beginning his academic career, he served for 6 years as Vice President for Rinfret Associates, an international economic intelligence firm headed by prominent economist Pierre Rinfret.

Ideal for self-directed individuals, our paper-based learning materials provide focus to your study plan.

Available Papers

	Paper 3
	Paper 7
	Paper 8

How to order?

Pre-Orders		Pre-Orders are strongly recommended.
		Return order form with credit card information by fax to +852 2501 0589 or mail. Order form can be download from the "Enrollment Form" section on the right menu .
		Collect: Receive original receipt within one week. Present receipt at our Admiralty Campus. If a third party will collect on your behalf, they must present the original receipt along with your written authorization.
Walk-in		Only available at our Admiralty Campus.

Private or Group Lessons

	Tailor-made group or one-on-one lessons
	Convenient and hassle-free tuition in your office or at our campus
	Intensive training - perfect for individuals in a hurry to pass
	Personal attention paid to areas of doubt or weakness
	Rapid familiarization with the real exam through:
	• Personalized guidance • Experienced teaching • Organized reading materials • Practice questions • Realistic mock exams
	Review of your performance in our close-to-real mock exam

Available Papers

	Paper 1		Paper 6
	Paper 2		Paper 7
	Paper 3		Paper 8
	Combination of above papers
	If your desired paper is not listed above, contact us for details.

Contact us for assessment and price quote.
Call Ms. Leung at 3102 8631 3102 8631 or email hkle@kaplan.com.

In-House/Corporate Training

In-house training is a total solution to complement the existing training programmes of securities firms, banks and insurance companies. All of the regular courses are available for in-house delivery.

Types of courses

	Licensing Examination for Securities and Futures Intermediaries Prep Course
	SFC Continuing Professional Training (CPT)¹
	Tips: We have experience in organizing training programs that satisfy the conditional exemption requirements as set out in the Appendix of the "Guidelines on Competence"²
	Analyst and Associate Program
	Graduate Program
	Financial Certifications Exam Prep
	Finance training courses specializing in: • Securities and Futures • Derivatives • Corporate Finance • Asset Management • Financial Markets • Risk Management	• Foreign Exchange and Money Market • Wealth Management • Professional Conduct and Ethics
	Putonghua Program for Non-Chinese Speakers
	Business Cantonese Chinese

Our Expertise

	We have extensive experience in developing seamless, company specific and cost-effective cross-border programs. Training can be conducted in English, Cantonese or Mandarin.
	Our trainers are industry experts, who deliver high-energy, interactive lectures. They utilize tools such as handouts, case studies, simulations and exercises designed to keep your staff members actively learning and up-to-date in their field.

Call us for more information on in-house training or consultation.
Contact Ms. Sin at 2526 3686 or email hkfmkt@kaplan.com

¹	Only training programs relevant to the regulated activities for which an individual engaged in would serve the CPT purpose. Individuals are advised to select topics that are related to their regulated activities and will enhance their professionalism to satisfy the CPT requirements.
²	Please refer to the "Guidelines on Competence" for details of the exemption criteria and the CPT hours required.

All information provided above is provided for information purposes only. Although every reasonable effort is made to present current and accurate information at the time of publication, Kaplan Financial does not assume any responsibility whatsoever for the information accuracy and any future changes set forth by the SFC. In the event of discrepancy, the official information and decision from the SFC shall prevail.

Testimonials

"I have been in your class during October 2012 and it helped me a lot. Specially your tricks and explanations you gave during this course. And you made it a real pleasure to run through these quite dry and not always very interesting topics"

D. Wanger

"I just wanted to record my thanks for your 2 e-learning courses (Papers 1 & 6) that I have subscribed to over the last 2 weeks. It is so much easier to say thank you when you know it has all worked. All in all, 2 good courses and job done. Thank you again."

eLearner Passed Papers 1 & 6, Year 2012

"The trainer made the course very easy to listen through a long topic, also very good at highlighting how to get through the exam and relevant points to study. This was important given the broad content covered. Overall, it would have been extremely difficult to pass if I had not been on the course."

Nicholas Angove, Deutsche Bank

"The course was very helpful and I think was the major contributor to me passing as I was able to focus my study."

Stephen Ellis

"I will make sure that my team goes on your courses for all the other exams they need to take. I thought it was worth every penny. We are all time constrained in some way and I thought this was a great way to focus on the most important aspects of the extensive syllabus."

Terence Leeworthy

"The course and materials were fantastic – very straightforward and concentrated. Carl is a fantastic lecturer and I highly recommend him. He explained the materials in a very clear and concise way and applied focus on areas of specific importance. He also made himself available after the course and showed a genuine interest in assisting students through the process. I have taken a number of exam prep courses in the US, Europe and now in Asia and he stands out as an outstanding teacher."

A student from Spring 2011 Class

"I just want to let you know that I greatly appreciate your teaching efforts in February, it prepared me extremely well for the exam. I passed first time. Many of the example questions you went through, broke down and actually came up in the February exam. I believe had I not taken your course I would have had great difficulty in the exam itself, as many of the questions were difficult due to their ambiguity. Your explanations during the course, especially the working through of example questions were the key factors in my result."

Scott Mackenzie

"Thanks. 93.3% after just 3 days of Kaplan! The eLearning course works well!"

Ted

Licensing Examination

The SFC is responsible for administering the securities and futures markets in Hong Kong, including the licensing of market participants and the regulation of offers of securities.

The successful completion of the Licensing Examination (LE) will fulfil the recognized industry qualifications and the local regulatory framework papers requirements of the SFC for licensing purpose. Candidates will be required to complete a combination of papers, the precise combination depending on the type(s) of Regulated Activities (RAs) for which they would like to be licensed by the SFC. Each licensed person only needs one license to carry out Regulated Activities.

Although a pass in these papers does not guarantee a job offer, firms in the securities and futures industry seeking to employ personnel to engage in these RAs will appreciate the "readiness" of a candidate licensed as a Representative for these RAs.

Regulated Activities and Corresponding Papers

Type	Regulated Activity	Recognized Industry Qualifications		LocalRegulatory Framework Papers
Type	Regulated Activity	Representatives	Responsible Officers	Representatives	Responsible Officers
1	Dealing in Securities	LE Papers 7+8		LE Paper 1	LE Papers 1*+2
2	Dealing in Futures Contracts	LE Papers 7+9		LE Paper 1	LE Papers 1*+3
4	Advising on Securities	LE Papers 7+8		LE Paper 1	LE Papers 1*+2
5	Advising on Futures Contracts	LE Papers 7+9		LE Paper 1	LE Papers 1*+3
6	Advising on Corporate Finance	LE Papers 7+11		LE Paper 1	LE Papers 1*+5
8	Securities Margin Financing	LE Papers 7+8		LE Paper 1	LE Papers 1*+2
9	Asset Management	LE Papers 7+12		LE Paper 1	LE Papers 1*+6
10	Providing Credit Rating Services	LE Paper 7+10		LE Paper 1	LE Papers 1*+4

* Not required for a licensed representative applying to be a responsible officer.

For SFC licensing purposes, applicants with the appropriate academic qualifications, relevant industry experience and/or recognized industry qualification may seek exemptions of certain LE Papers. The "Guidelines on Competence" list the different qualifications recognized by the SFC for the purpose of exemptions of LE Papers and are available at the following link:
http://www.sfc.hk/sfcRegulatoryHandbook/EN/displayFileServlet?docno=H203M

As licenses and pertinent exemptions are granted by the SFC, persons interested in applying for a license with the SFC are advised to contact them directly. To learn more about the SFC and its licensing policy, please visit the SFC website or contact the SFC directly.

Exam Format

The LE has 12 examination papers. Two modes of examination are available - Paper-based Examination (PBE) and Computer-based Examination (CBE). All examination papers will be offered in both English and Chinese, and examination questions will be multiple-choice.

Download Exam Timetable ►

Examination Papers		No. of MC Questions	Duration (minutes)	Passing Mark
Regulatory Papers
Paper 1	Fundamentals of Securities and Futures Regulation	60	90	70%
Paper 2	Regulation of Securities	40	60	70%
Paper 3	Regulation of Derivatives	40	60	70%
Paper 4	Regulation of Credit Rating Services	40	60	70%
Paper 5	Regulation of Corporate Finance	40	60	70%
Paper 6	Regulation of Asset Management	40	60	70%

Practical Papers
Paper 7	Financial Markets	60	90	70%
Paper 8	Securities	40	60	70%
Paper 9	Derivatives	40	60	70%
Paper 10	Credit Rating Services	40	60	70%
Paper 11	Corporate Finance	40	90	70%
Paper 12	Asset Management	40	60	70%

Contact Hong Kong Securities and Investment Institute (HKSI)
Exam Enquiry: (852) 3120 6100 Fax: (852) 2899 2611
Web: www.hksi.org
Email: exam@hksi.org

All information provided above is provided for information purposes only. Although every reasonable effort is made to present current and accurate information at the time of publication, Kaplan Financial does not assume any responsibility whatsoever for the information accuracy and any future changes set forth by the SFC and HKSI. In the event of discrepancy, the official information and decision from the SFC and HKSI shall prevail.