FAQ - Training Programmes and Examinations

Training Programmes and Examinations

1.      What are the requirements of the ECF?

Relevant Practitioners can meet the ECF by undertaking self-study and/or taking accredited training programmes, and passing examinations. Those who have been granted grandfathering exemption is only required to meet the Module 2 requirement.

The training programmes and examinations consist of two modules:  Module 1 on technical, industry and product knowledge; and Module 2 on ethics and compliance.  Please refer to the “Detailed Syllabus” for additional information on the syllabus.

2.      Where are the training programmes and examinations available?

The Hong Kong Securities and Investment Institute (HKSI) and The Hong Kong Institute of Bankers (HKIB) are the initial providers for Module 1 and Module 2, respectively.

Relevant Practitioners may also take the programmes and examinations at their own PWM institutions if the programmes and examinations have been accredited by the PWMA.

3.      Where can we find the training schedule and examination schedule for both Module 1 and Module 2?

The training schedule and examination schedule of Module 1 and 2 can be found in the following websites respectively.

http://www.hksi.org/hksi/ for Module 1 and https://www.hkib.org/en/index for Module 2

4.      How much do HKSI and HKIB charge for the programmes and examinations respectively?

For details of the programmes and examinations fees charged by HKSI and HKIB, please refer to the websites of HKSI (http://www.hksi.org/hksi/) and HKIB (https://www.hkib.org/en/index) accordingly.


5.      How many times can one take the examinations?

There is no limit on the number of times one can take the examinations.

6.      Could a Relevant Practitioner take the accredited examinations directly without attending the programmes?

Yes, a Relevant Practitioner may take the examinations without attending programmes.    Study manuals are available for Modules 1 and 2 for self-study. Please contact the respective examination providers for further details.

7.      When is the Chinese version of the ECF modules available?

      From February 2018 onwards, specific session(s) of the Paper 1 and Paper 2 examinations for Module 1 are offered in both English and Chinese.  Language availability of examination session(s) are detailed in the examination timetable of the HKSI Institute counter/website.  Other Chinese-language materials may be made available over time.