SFC licensing

What the paper gets you, what the SFC adds on top, and how sponsorship works.

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SFC Licence Types Explained (Type 1 to Type 13)The SFC does not issue a general permission to work in finance. It licenses thirteen named regulated activities, numbered Type 1 to Type 13, and you h…
Which HKSI papers do I need for my SFC licence?Almost every applicant sits Paper 1, the common paper on securities and futures regulation. On top of that you sit a practical paper matched to your r…
Type 1: the dealing in securities licenceA Type 1 licence permits dealing in securities: making or offering to make an agreement to buy or sell securities, or inducing someone to do so. It is…
Type 2: the dealing in futures contracts licenceA Type 2 licence permits dealing in futures contracts: making or offering to make an agreement to buy or sell a futures contract, or inducing someone …
Type 4: the advising on securities licenceA Type 4 licence permits advising on securities: giving advice on whether, which, at what time and on what terms to buy or sell securities, and issuin…
Type 6: the advising on corporate finance licenceA Type 6 licence permits advising on corporate finance: advice on compliance with the Listing Rules, on takeovers and share buy-backs, and on the offe…
Type 9: the asset management licenceA Type 9 licence permits asset management: managing a portfolio of securities or futures contracts on a discretionary basis, or managing a collective …
How to become a licensed representative in Hong KongA licensed representative is an individual approved by the SFC to carry on a regulated activity for a licensed corporation. You need a sponsoring empl…
How to become a responsible officer in Hong KongA responsible officer is a licensed representative additionally approved by the SFC to supervise a regulated activity. Every licensed corporation must…
SFC Fit and Proper Requirements ExplainedFit and proper is the SFC's character test for anyone it licenses. It looks at financial status, education and qualifications, ability to carry on the…