HKSI Paper 3 pass rate
Regulation of Derivatives
Average
65.57%
Difficulty rank
7/17
Best month
92.86%
Jul 2025
Worst month
46.15%
Jan 2026
Across Jul 2025–Jun 2026 (11 sitting months), HKSI Paper 3 averaged 65.57% — 7th hardest of 17 papers. The month-to-month spread is 46.71 percentage points. The most recent half of the window averaged 76.3% versus 71.9% earlier — an improvement of 4.4 points.
Month-by-month pass rate
Jul 2025
92.86%
▲
Aug 2025
58.33%
Sep 2025
78.95%
Oct 2025
73.68%
Dec 2025
55.56%
Jan 2026
46.15%
▼
Feb 2026
75%
Mar 2026
86.36%
Apr 2026
88.46%
May 2026
70%
Jun 2026
61.54%
Source: 香港證券及投資學會（HKSI Institute）官方「考試合格率」頁 Snapshot 2026-07-28．HKSI publishes a rolling 12-month window only; months outside it are no longer shown officially.
FAQ
- What is the pass rate for HKSI Paper 3?
- 65.57% on average across Jul 2025–Jun 2026, based on HKSI's own monthly figures. The best month was Jul 2025 at 92.86%; the worst Jan 2026 at 46.15%.
- Is HKSI Paper 3 hard?
- Relative to the other papers it is 7th hardest of 17 papers. Month-to-month it swings 46.71 percentage points (46.15%–92.86%), so the sitting you pick matters less than preparation.
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.
