HKSI Paper 18 pass rate
Regulation of Providing Depositary Services
Across Oct 2024–Jul 2026 (9 sitting months), HKSI Paper 18 averaged 62.12% — ranked 7 of 17 by monthly average pass rate, lowest first. The month-to-month spread is 50 percentage points. The most recent half of the window averaged 66.7% versus 87.5% earlier — a decline of 20.8 points.
Month-by-month pass rate
Source: 香港證券及投資學會（HKSI Institute）官方「考試合格率」頁 Snapshot 2026-10-02．HKSI publishes a rolling 12-month window only; months outside it are no longer shown officially.
Monthly averages are not weighted by candidate counts. The order compares published pass rates across different candidate groups and papers; it does not measure personal pass probability.
HKSI PAPER 18 · REVISION DESK
Paper 18: The regulatory boundary of depositary services
Paper 18 studies depositary regulation; Paper 19 covers practice. Separate licensing, conduct, controls and oversight from the portfolio manager’s investment work.
Official eStudy Guide：v1.0 Verify the edition ↗
HKSIPapers provides a guide and official-source links for Paper 18. A dedicated question bank or app for this paper is not currently available.
FAQ
- What is the pass rate for HKSI Paper 18?
- 62.12% on average across Oct 2024–Jul 2026, based on HKSI's own monthly figures. The best month was Nov 2024 at 100%; the worst Oct 2024 at 50%.
- Is HKSI Paper 18 hard?
- Its monthly average is ranked 7 of 17 by monthly average pass rate, lowest first. Different candidate groups sit each paper and month, so the ranking does not isolate exam difficulty or show that a particular month will be easier. Use your own practice mistakes to plan revision.
Other papers
Pass rates are reproduced from the HKSI Institute for reference only and may be revised at any time; confirm against the official page before relying on them.
