Exams and qualifications
Securities licensing exams by jurisdiction
A practical map of what to check before choosing exam prep: the role, the sponsoring firm, the regulated activity, the client type, and the official exam or competence source.
HK
Hong Kong securities licensing exams and individual approval path
How SFC licensed representative, responsible officer, Type 1, Type 4, Type 6, Type 9, sponsor, takeovers, and depositary exam questions fit together.
Licensed representativeResponsible officerSponsor principal
Open routeSG
Singapore CMFAS exams and representative notification path
How Singapore CMFAS modules, MAS representative notification, CMS activities, dealing, advising, fund marketing, and corporate finance roles fit together.
Appointed representativeDealing representativeFund management representative
Open routeUK
UK FCA qualification and competence path
How FCA training and competence, appropriate qualification tables, SM&CR, certification, personal recommendations, investment advice, and firm supervision fit together.
Retail investment adviserInvestment managerSenior manager
Open routeUS
US SIE, FINRA Series exams and adviser representative path
How SIE, Series 7, Series 63, Series 65, Series 66, broker-dealer sponsorship, investment adviser representatives, and state registration fit together.
General securities representativeInvestment adviser representativeBroker-dealer registered representative
Open routeAUS
Australia financial adviser exam, professional standards and responsible manager path
How ASIC financial adviser exam, relevant provider standards, professional year, CPD, RG 146 boundary, responsible managers, and AFSL people evidence fit together.
Relevant providerProvisional relevant providerFinancial adviser
Open routeStudy routes
Popular exam route deep-dives
Use these after the jurisdiction overview. Each page connects paper/module choices to role scope, firm sponsorship, application evidence, and official sources.
HKSI LE route for SFC Type 1 and Type 4 representativesHKSI LE Papers 1, 2, 7, and 8 for Type 1, Type 4, and Type 8 contexts.HKSI LE route for SFC Type 9 asset managementHKSI LE Papers 1, 6, 7, and 12 for Type 9 representative and responsible officer routes.HKSI LE route for SFC Type 6 sponsor and takeovers workHKSI LE Papers 1, 5, 7, 11, 15, 16, and 17 depending on Type 6 role and work type.Singapore CMFAS route for fund management representativesCMFAS fund management module analysis, with current MAS and IBF materials checked before enrollment.Singapore CMFAS route for dealing in capital markets products representativesCMFAS RES dealing modules and capital-markets product knowledge modules for dealing in capital markets products.Singapore CMFAS route for corporate finance representativesCMFAS RES 4 route planning for advising on corporate finance under Singapore capital markets services rules.Singapore CMFAS route for REIT management representativesCMFAS RESP 10 route planning for Rules, Ethics, Skills and Product Knowledge for REIT Management.Singapore CMFAS route for financial advisory representativesSCI-administered CMFAS financial advisory modules for representatives advising on investment products, CIS, life policies, and investment-linked policies.UK FCA appropriate qualification route for investment adviceFCA TC appropriate qualification analysis for retail-client investment advice and related activities.US SIE and Series 7 route for general securities representativesFINRA SIE plus Series 7 for General Securities Representative registration, with sponsorship and state checks.US Series 65 and Series 66 route for investment adviser representativesNASAA Series 65 and Series 66 exam-route analysis for investment adviser representative roles.US Series 99 route for operations professionalsFINRA Series 99 plus SIE context for covered operations professionals at broker-dealers.US Series 14 route for broker-dealer compliance officersFINRA Series 14 compliance officer qualification route and sponsor-dependent principal-level exam planning.US Series 24 route for general securities principalsFINRA Series 24 principal route for supervisory management of general securities broker-dealer activity.US Series 79 route for investment banking representativesFINRA Series 79 plus SIE context for investment banking representative registration.US Series 86 and Series 87 route for research analystsFINRA Series 86 and Series 87 plus SIE context for registered research analysts.US Series 82 route for private securities offerings representativesFINRA Series 82 plus SIE context for Private Securities Offerings Representative registration.US Series 57 route for securities trader representativesFINRA Series 57 plus SIE context for Securities Trader Representative registration.US Series 27 route for financial and operations principalsFINRA Series 27 Financial and Operations Principal route for broker-dealer financial responsibility supervision.US Series 28 route for introducing broker-dealer FinOp principalsFINRA Series 28 Introducing Broker-Dealer Financial and Operations Principal route.Australia financial adviser exam route for relevant providersASIC financial adviser exam and professional standards for personal advice to retail clients.Australia authorised representative and representative route mapASIC authorised representative, representative, relevant provider, ASIC Connect, and public-register appointment workflow.Australia RG 146 route for general advice and non-relevant-provider rolesRG 146 training standards for financial product advice roles that are outside the relevant-provider professional standards route.Australia responsible manager organisational competence route mapRG 105 organisational competence and responsible manager proof mapping for AFSL applicants and licensees.
Paper and module study maps
Study the paper in its licence context
These pages are not vendor prep notes. They explain what the paper is for, which role it supports, what official source to verify, and how the result fits an application or register file.
HKSI LE Paper 1 study map for SFC representativesHong Kong securities and futures regulatory framework for SFC licensed representative and responsible officer routes.HKSI LE Paper 2 study map for responsible officers in securitiesRegulation of securities paper for Hong Kong responsible officer routes tied to Type 1, Type 4, and Type 8 regulated activities.HKSI LE Paper 7 study map for financial marketsFinancial markets practical paper used across multiple SFC regulated activity paper maps.HKSI LE Paper 8 study map for securities dealing and advisingSecurities practical paper for Type 1, Type 4, and Type 8 regulated activity paper maps.HKSI LE Paper 6 study map for Type 9 responsible officersRegulation of asset management paper for responsible officer routes under SFC Type 9 asset management.HKSI LE Paper 12 study map for Type 9 asset managementAsset management paper for Hong Kong Type 9 route planning and investment management competence files.HKSI LE Paper 5 study map for Type 6 responsible officersRegulation of corporate finance paper for Type 6 responsible officer routes.HKSI LE Paper 11 study map for corporate financeCorporate finance practical paper used with Paper 7 for Type 6 recognised industry qualification evidence.HKSI LE Paper 15 study map for sponsor principalsAdditional competence paper for Type 6 individuals wishing to engage in sponsor work as principals.HKSI LE Paper 16 study map for sponsor representativesAdditional competence paper for Type 6 individuals engaging in sponsor work as representatives or relevant individuals.HKSI LE Paper 17 study map for takeovers and share buy-backsAdditional competence paper for Type 6 individuals engaging in or advising on takeovers and share buy-back code matters.Singapore CMFAS fund management modules study mapCMFAS module selection and representative-notification context for Singapore fund management roles.CMFAS RES 3 study map for fund management representativesRules, Ethics and Skills for Fund Management under the new CMFAS structure.CMFAS RES 1 study map for securities dealersRules, Ethics and Skills route for dealing in securities and/or units in collective investment schemes.CMFAS RES 2 study map for derivatives and leveraged FX dealersRules, Ethics and Skills route for derivatives dealers, exchange members, non-exchange members, and leveraged FX contexts.CMFAS RES 12B study map for securities and derivatives dealersRules, Ethics and Skills for Securities and Derivatives Dealers of Non-Exchange Members.CMFAS CM-EIP, CM-SIP and CM-CMP product knowledge study mapCapital markets product knowledge modules for excluded investment products, specified investment products, and combined capital markets products.CMFAS RES 4 study map for corporate finance representativesRules, Ethics and Skills for Corporate Finance under the new CMFAS structure.CMFAS RESP 10 study map for REIT management representativesRules, Ethics, Skills and Product Knowledge for REIT Management under the new CMFAS structure.CMFAS RES5 study map for financial advisory representativesRules, Ethics and Skills for Financial Advisory Services under the SCI-administered CMFAS route.CM-CIS study map for collective investment scheme adviceSCI-administered product-knowledge module for advising on collective investment schemes.CM-LIP study map for life insurance and investment-linked policy adviceSCI-administered product-knowledge module for life insurance and investment-linked policy advice or arranging.CM-LIC study map for combined life insurance, ILP, and CIS adviceSCI-administered combined product-knowledge module for CIS, life insurance, and investment-linked policy advisory scope.FINRA SIE exam study map for securities career startersIntroductory securities-industry knowledge for prospective US securities professionals.FINRA Series 7 exam study map for general securities representativesRepresentative-level exam for general securities representatives associated with FINRA member firms.Series 63 exam study map for state securities agentsNASAA Uniform Securities Agent State Law Exam administered by FINRA for broker-dealer agent state law context.Series 65 exam study map for investment adviser representativesUniform Investment Adviser Law Exam context for investment adviser representative roles.Series 66 exam study map for hybrid adviser and broker rolesNASAA Uniform Combined State Law Exam administered by FINRA, with Series 7 co-requisite context.Series 99 exam study map for operations professionalsFINRA Operations Professional Exam context for broker-dealer operations roles.Series 14 exam study map for broker-dealer compliance officersFINRA Compliance Officer Qualification Exam context for principal-level compliance roles.Series 24 exam study map for general securities principalsFINRA General Securities Principal Exam context for supervising broker-dealer securities activity.Series 79 exam study map for investment banking representativesFINRA Investment Banking Representative Exam context for broker-dealer capital raising and M&A roles.Series 86 and Series 87 study map for research analystsFINRA Research Analyst Exams context for broker-dealer research analyst registration.Series 82 exam study map for private securities offerings representativesFINRA Private Securities Offerings Representative Exam context for private placement representative registration.Series 57 exam study map for securities trader representativesFINRA Securities Trader Representative Exam context for trading desk registration.Series 27 exam study map for financial and operations principalsFINRA Financial and Operations Principal Exam context for broker-dealer financial responsibility supervision.Series 28 exam study map for introducing broker-dealer FinOp principalsFINRA Introducing Broker-Dealer Financial and Operations Principal Exam context.UK retail investment advice appropriate qualification study mapRole-based FCA appropriate qualification and competence planning for retail investment advice.ASIC financial adviser exam study map for relevant providersFinancial adviser exam and professional standards for people giving personal advice to retail clients.Australia financial adviser professional standards study mapProfessional standards for relevant providers who give personal advice to retail clients on relevant financial products.Australia professional year, CPD, and Code of Ethics mapProfessional year, continuing professional development, and ethical obligations for relevant-provider readiness.Australia authorised representative appointment and register mapAuthorised representative appointment, ASIC notification, ASIC Connect workflow, public register checking, and FAR overlap.Australia RG 146 general advice training mapRG 146 training standards for general advice and specified non-relevant-provider advice roles.Australia RG 105 responsible manager proof mapRG 105 organisational competence proof and responsible manager evidence for AFSL applications, variations, and change notifications.