Express dissatisfaction with the significant price increase for the HKSI online exam during the 5th wave of the pandemic
Release Date: 2022-03-02
March 2, 2022
Dear Ms. Ruth Hung,
CEO
Hong Kong Securities and Investment Institute,
Dear Ms. Ruth Hung,
CEO
Hong Kong Securities and Investment Institute,
Re: Online Special Examination Arrangements
Our association has several comments regarding the aforementioned matter.
1. I understand that practitioners have reported receiving the latest announcement from your institute on March 1, 2022, regarding the opening of online special examinations for Papers 1, 2, and 6.
2. I note that the examination fees have been significantly increased from the original HK$1,275 for Paper 1, and HK$1,550 for Papers 2 and 6, to a unified fee of HK$6,000 for all three papers.
3. Our association believes this substantial fee increase is unreasonable. Given the current economic instability in Hong Kong, the financial industry has remained relatively stable. We believe your institute should consider reducing the examination fees to encourage more people to enter the industry, rather than implementing a significant price hike.
4. The fee increase may also be unfair to practitioners who need to obtain other licenses.
5. If any individuals have already paid the HK$6,000 registration fee, we request that the excess amount be refunded.
If you have any further inquiries regarding this letter, please feel free to contact me at or our Mr. Mofiz Chan, Director of Industrial Relations Department, .
Sincerely,
Wong Kwok On David
Chairman
Hong Kong Securities and Futures Professionals Association
CC:
Ms. Julia Leung, Deputy Chief Executive Officer, Securities and Futures Commission