Mock courses · LE P1
HKSI Licensing Examination Paper 1: Fundamentals of Securities and Futures Regulation — notes and mock exam
Computer-based, 60 multiple-choice questions, 90 minutes; questions in English and Traditional Chinese.
International atmosphere. Not a client project.
ℹ️ Note: the practice questions and explanations are in Traditional Chinese (these exams are sat in Chinese or English in Hong Kong). The rest of the page is in English.
Exam format (public information, October 2026)
HKSI Licensing Examination Paper 1
Computer-based, 60 multiple-choice questions, 90 minutes; questions in English and Traditional Chinese.
Pass mark 70%: at least 42 of 60 correct.
Official arrangements prevail (exam facts: Hong Kong Securities and Investment Institute (HKSI) / SFC licensing requirements).
Topics in this bank
- Market structure and regulators
- SFC powers and appeals
- Licensing regime
- Code of Conduct and client dealing
- Client assets and financial resources
- Market misconduct
- AML and other legislation
- Investor compensation and market operations
- Integrated practice
Practice mode
Pick a topic. Each answer shows the correct option and explanation straight away. Questions and options are shuffled.
Timed mock exam
- Questions: 60
- Time: 90 minutes
- Pass: 70% (42/60)
Pass mark 70%: at least 42 of 60 correct. The paper is submitted automatically when time runs out. Answers and explanations appear after you submit.
Questions about this paper, or want the Word notes?
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