HKSI LE Paper 2 study guide
HKSI LE Paper 2 · Work through your exam, one topic at a time.
This page is an independent study resource for candidates preparing for the HKSI Licensing Examination Paper 2 (Hong Kong). It is not affiliated with, endorsed by, or operated by any examination body or regulator, and it does not reproduce any official question bank; all practice material here is written originally for study purposes. Paper 2 is the paper candidates in the securities and futures industry typically sit when their role involves corporate finance, advisory work, or asset management rather than pure dealing. The syllabus is organised into four study domains: regulation and licensing of securities and futures activities; corporate finance and advisory services; asset management and investment products; and market conduct, ethics and compliance. The HKSI LE Paper 2 study guide has 4 sections and about 1,732 words.
01Regulation and Licensing of Securities and Futures Activities
This domain tests the statutory gateway to the Hong Kong market: who must be licensed, what each regulated activity covers, and how the SFC and HKMA supervise licensed corporations and registered institutions. The Securities and Futures Ordinance (Cap.
462 words, about 2 min02Corporate Finance and Advisory Services
This domain tests Type 6 corporate finance advisory work, sponsor due diligence, Listing Rules transaction classification, the Takeovers Code and prospectus regulation. Type 6 covers advising on corporate finance, including Listing Rules and Takeovers Code matters, restructurings and issuer transactions.
430 words, about 2 min03Asset Management and Investment Products
This domain tests Type 9 asset management, the Fund Manager Code of Conduct, SFC-authorised funds, collective investment schemes and professional-investor rules. Type 9 covers managing a portfolio of securities, futures contracts or OTC derivative products for another person, including discretionary accounts.
414 words, about 2 min04Market Conduct, Ethics and Compliance
This domain tests the SFC Code of Conduct, inside information, market misconduct, disclosure of interests, short selling and anti-money-laundering controls. The SFC Code of Conduct sets general principles including honesty and fairness, diligence, capability, knowing the client, information for clients, conflicts of interest, compliance, client assets, client information and competition.
426 words, about 2 min