HKSI Paper 1 case studies
HKSI Paper 1 · Put your knowledge to work in context.
HKSI Licensing Examination Paper 1, formally Fundamentals of Securities and Futures Regulation, is the regulation paper set by the Hong Kong Securities and Investment Institute for individuals seeking registration with the Securities and Futures Commission to perform regulated activities. It is typically taken by new licence applicants, responsible officers, compliance and operations staff, and practitioners moving between roles, often alongside Paper 2 or Paper 6 depending on the activity. The HKSI Paper 1 case studies are 5 cases and about 3,109 words.
1The pre-launch licensing plan at Pacific Bridge Capital
Pacific Bridge Capital Limited is a Hong Kong-incorporated company with no SFC licence. It has signed a US$2 million annual mandate to advise two Cayman-domiciled funds on Hong Kong-listed equities, and it plans to place interests in a third Cayman fund with Hong Kong investors from next month.
627 words, about 3 min2The autocallable note recommended to an elderly conservative client
Lau, aged 79, retired, has HK 4.3 million in savings and a monthly pension of HK 18,000. She has previously held only bank deposits and two blue-chip stocks.
636 words, about 3 min3The CFO's dinner tip and the fund manager's trades
At a dinner on 12 March, the CFO of Harbour Logistics Group, a company listed on the Main Board, tells his friend Mr. Cheung, a portfolio manager at a licensed asset manager, that the company will issue a profit warning 'within two weeks' because its largest customer has stopped paying.
620 words, about 3 min4Golden Dragon's delayed profit warning and the chairman's share sale
Golden Dragon Materials Ltd is a Main Board issuer with a 31 December financial year-end. On 3 November, its finance director discovers that a customer representing 35% of trade receivables has entered liquidation, and that a covenant breach on a HK$600 million syndicated loan is likely.
607 words, about 3 min5Third-party cheques and a delayed suspicious transaction report
Bright Harbour Securities Limited is a licensed Type 1 broker. Wong, is introduced by an existing client.
619 words, about 3 min