HKSI Paper 2 Guide: Exam Format, Study Guide Versions and Practice
Paper 2

HKSI Paper 2 Guide: Exam Format, Study Guide Versions and Practice

Published: 2026-09-10Updated: 2026-09-10~4 min read

Check whether Paper 2 applies to your role

Paper 2 is Regulation of Securities. The HKSI mapping lists it alongside Papers 1, 7 and 8 for Responsible Officers in regulated activities Types 1, 4 and 8. Passing those papers does not itself grant a licence: check the requirements and exemptions for your role and background.

Exam format and the version boundary

Paper 2 has 40 multiple-choice questions in 60 minutes. The pass mark is 70%, equivalent to 28 correct answers. Questions are in English and Traditional Chinese. Use Study Guide v2.8.1 for examinations up to 25 October 2026; v2.9 applies from 26 October. Choose by examination date, not download date.

Turn each rule into a decision

Our suggested revision method is to record who a rule applies to, what triggers it, what action follows and whether an exception exists. This is a study method, not an official chapter list. For a procedure, record the order of actions; for a numerical requirement, record its scope and calculation basis.

Review the cause of each mistake

Before checking an answer, write down why you chose it. After reading the explanation, classify the error: role, exception, procedure or study-guide version. When repeating the question, identify the condition that determines the answer rather than recalling its position.

Practise with the HKSI 2 app

10min HKSI2 provides 1,200 original practice questions, explanations, error review and 40-question, 60-minute mock exams, organised around v2.9. Earlier candidates should use the applicable v2.8.1 official guide and check differences. Download the Android app on Google Play; a working Hong Kong iOS download is not currently offered. Pro provides 180 days of access through a one-time purchase without automatic renewal. Check the purchase screen for pricing.

Plan around your examination date

Confirm your guide version, practise by topic, review errors, then attempt timed mocks. Mock results help identify gaps and do not guarantee a pass. HKSIPapers is an independent revision resource; its questions are not official examination questions and it is not endorsed by HKSI Institute or the SFC.

Google Play · HKSI 2

HKSI 2 product and support (Chinese) · Licence and paper mapping

Official sources used

Use these primary sources to confirm any change after the article date.

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