Licensing and regulatory responsibility
Map fitness, governance and the distinct oversight roles of the SFC and exchanges.
HKSI LE Regulatory paper
HKSI Paper 2Regulation of Securities
Practise the regulatory decisions behind securities business. Follow a transaction from licensing and client protection to supervision, trading and enforcement.
- Multiple-choice questions
- 40 questions
- Exam time
- 60 minutes
- Passing mark
- 70%
WHAT TO STUDY
What Paper 2 tests
Checked 5 October 2026: v2.8.1 applies through 25 October and v2.9 from 26 October. The linked syllabus is v2.9; the applicable examination date matters.
Check the official syllabusClient assets and financial rules
Identify the relevant rules for client securities, money, capital, records and audit.
Management and conduct
Connect responsible-officer duties with supervision, internal controls, conduct and AML.
Trading and securities activities
Compare exchange trading, margin financing, short selling, stock lending and cross-border arrangements.
Derivatives and misconduct
Separate stock-option and OTC requirements, then distinguish misconduct from improper trading.
FROM RULE TO ANSWER
Make each mistake useful
Answer a focused set, read why an option is right, and return to the rule behind your mistake.
1,200original practice questions in this paper
Understand the reasoning
Use explanations to compare the rule, its exceptions and the incorrect options.
Review the questions you need
Return to wrong answers and bookmarks, then test yourself under the paper’s time limit.
These are independently written practice questions, not official past papers or recalled exam questions. Counts reflect the published bank checked on 5 October 2026 and may change with content updates.
A PRACTICAL ROUTE
Build a revision routine
- Confirm the guide version for your examination date and list changes to check.
- Practise by chapter and label errors as person, procedure, restriction or exception.
- After a 40-question, 60-minute mock, compare easily confused rules before retrying errors.
YOUR PAPER, YOUR APP
10minquiz HKSI 2+5+11
HKSI 2＋5＋11Papers 2, 5, 11 in one app. Select Paper 2 from the top-left paper selector.
Start with free practice. The 90-day Pro option opens the full question bank and additional revision tools; check the store purchase screen for the current price and terms.
BEFORE YOU BEGIN
Paper 2 questions, answered
Which Paper 2 version applies in October 2026?
HKSI Institute lists v2.8.1 through 25 October 2026 and v2.9 from 26 October. The linked public syllabus is v2.9; use the official guide for your examination date.
How should I revise client-asset rules?
Separate money from securities, then record custody arrangements, instructions or authority, and record requirements. Check those conditions explicitly in each scenario.
Is HKSI 2+5+11 an official required combination?
It is an app grouping for convenient switching. Your examination requirements depend on your activity, role and exemptions.
Does switching papers mix my wrong-answer records?
Each paper keeps its own answers, wrong questions, bookmarks, notes and mock history. Free allowance and Pro access are shared within the same app.
Official sources and support
Checked on 5 October 2026. Exam rules, syllabus versions, fees, dates and licensing requirements may change; confirm the documents that apply to your exam date.
- HKSI Institute: Paper 2 syllabus
- HKSI Institute: Licensing Examination overview
- SFC: licensing and registration requirements
HKSIPapers is an independent preparation resource. It is not affiliated with or endorsed by HKSI Institute or the SFC.
