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Compare HKSI papers
Side-by-side comparisons of HKSI Papers 1, 7, 8, 9 and 12: questions, time, fees and which licence type needs each one.
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Paper 1 vs Paper 7
Paper 1 is the regulation paper (SFO, licensing, Code of Conduct, misconduct).
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Paper 8 vs Paper 9
Paper 8 is for securities (Types 1, 4 and 8); Paper 9 is for futures (Types 2 and 5).
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Paper 8 vs Paper 12
Paper 8 covers securities dealing and advising; Paper 12 covers asset management (Type 9).
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Paper 9 vs Paper 12
Paper 9 covers futures and options trading for Type 2 and 5; Paper 12 covers fund and portfolio management for Type 9.
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Paper 1 vs Paper 8
Paper 1 is the regulation paper everyone takes; Paper 8 is the activity paper for securities.
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