The SFC exam is a challenging test that all securities professionals in Hong Kong must take in order to be licensed. However, there are some circumstances in which you may be exempt from taking the exam. In this article, we will discuss what you need to know about SFC exam exemption and how to qualify for it.
If you have been working in the securities industry in Hong Kong for at least four years and have completed an SFC-recognized professional qualification, then you may be exempt from taking the SFC exam. To apply for exemption, you will need to submit a completed application form along with all relevant supporting documentation. Once your application has been reviewed and approved, you will be exempt from taking the SFC exam.
However, please note that even if you are exempt from taking the SFC exam, you will still need to complete ongoing education requirements as mandated by the SFC. These requirements are designed to ensure that securities professionals remain up-to-date on regulatory changes and developments in the industry.
How does this exemption work?
If you are employed by a SFC-licensed corporation and have been so for at least 12 months, you may be eligible to apply for an exemption from taking the SFC exam. In order to qualify, you must also meet one of the following criteria:
-You must hold a professional designation that is recognized by the SFC (e.g. CFA, FRM, etc.)
-You must have completed an accredited post-secondary educational program with a focus on securities or investment products (e.g. MBA, MSc Finance)
-You must have at least five years of relevant work experience in the securities industry
Why is the SFC exam important? The SFC exam exemption is a requirement for individuals who wish to obtain a license to sell securities in Hong Kong. The SFC is the regulator of the securities and futures markets in Hong Kong.
If you are employed by a SFC-licensed corporation and have been so for at least 12 months, you may be eligible to apply for an exemption from taking the SFC exam. In order to qualify, you must also meet one of the following criteria:
You must hold a professional designation that is recognized by the SFC (e.g. CFA, FRM, etc.)
You must have completed an accredited post-secondary educational program with a focus on securities or investment products (e.g. MBA, MSc Finance).
We encourage you to apply today if you think you may be eligible for SFC exam exemption. Our team of experts would be happy to review your application and answer any questions you may have.
