HKSI Paper 3 pass rate
Regulation of Derivatives
Average
63.57%
Difficulty rank
7/17
Best month
88.46%
Apr 2026
Worst month
46.15%
Jan 2026
Across Aug 2025–Jul 2026 (11 sitting months), HKSI Paper 3 averaged 63.57% — 7th hardest of 17 papers. The month-to-month spread is 42.31 percentage points. The most recent half of the window averaged 75% versus 62.5% earlier — an improvement of 12.5 points.
Month-by-month pass rate
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%
Jul 2026
68.75%
Source: 香港證券及投資學會（HKSI Institute）官方「考試合格率」頁 Snapshot 2026-09-02．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?
- 63.57% on average across Aug 2025–Jul 2026, based on HKSI's own monthly figures. The best month was Apr 2026 at 88.46%; 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 42.31 percentage points (46.15%–88.46%), 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.
