Securities broker and dealing representative licence map

Who this helps

• - Securities broker candidates
• - Dealing representatives
• - Placement agents
• - Broker-dealer founders
• - Sales and execution teams

Typical job titles

• - Securities broker
• - Registered representative
• - Dealing representative
• - Execution sales
• - Placement agent

Core question

Does the role effect, arrange, introduce, route, place, or receive transaction-linked compensation for securities or capital markets products?

Activity triggers

• - Executing or routing client orders.
• - Introducing investors to securities transactions or fund subscriptions.
• - Receiving commission, spread, placement, referral, or success-fee compensation.
• - Holding out as able to intermediate securities transactions.
• - Combining sales activity with advice, research, or fund marketing.

Licence and registration map

• - Hong Kong: check Type 1 dealing and possibly Type 4 advising or Type 6 corporate finance depending on the workflow.
• - Singapore: check CMS dealing, corporate finance, or representative routes under MAS/IBF sources.
• - UK: check FCA permissions for arranging, dealing, advising, financial promotions, and senior manager/certification roles.
• - US: check broker-dealer firm membership, registered representative status, SIE/Series 7 boundaries, and possible adviser overlap.
• - Australia: check AFSL dealing, financial product advice, authorised representative, and responsible manager evidence.

Exam or competence checks

• - Do not treat SIE, Series 7, HKSI, CMFAS, or local exams as firm authorisation.
• - Check whether the exam requires firm sponsorship, appointment, notification, or licence-holder association.
• - Map the representative role to the activity first, then choose the exam or qualification route.

Application evidence

• - Role description and supervision map.
• - Compensation, referral, introduction, and transaction-fee memo.
• - Client onboarding, suitability or appropriateness, communications, complaints, and AML/CFT controls.
• - Firm register and representative register check log.
• - Escalation map for conflicts, order handling, and sales conduct.

Register checks

• - BrokerCheck for US broker-dealers and registered representatives.
• - SFC, MAS FID, FCA register, and ASIC professional registers for jurisdiction-specific status checks.
• - Record date, legal name, licence number, status, activities, conditions, and warnings.

Jurisdiction notes

Common mistakes

• - Thinking SIE or Series 7 alone lets someone sell securities.
• - Calling transaction-linked placement work consulting.
• - Checking only the firm register and not the individual or representative record.

Disclaimer

Information on LicenseCompare is for general educational purposes only and does not constitute legal, regulatory, financial, tax, investment, or professional advice. Licensing requirements depend on facts and change over time. Always consult official regulator materials and qualified professional advisers.