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Guide to Applicants

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FIS Application Guide Video

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Eligibility

Applications should only be made by individuals. Applications from companies or organisations will not be accepted. For each application,

 

  1. The applicant must be:
    1. a Hong Kong resident and lawfully employable in Hong Kong; AND either:
    2. a full-time in-service practitioner on the commencement date of the course attended, who is not required to be working in the field of asset and wealth management, employed under any of the following:
      1. a financial institution licensed with or registered by the Securities and Futures Commission (“SFC”) under the Securities and Futures Ordinance (Cap.571); or
      2. a financial institution licensed with or registered by the Hong Kong Monetary Authority (“HKMA”); or
      3. an insurer authorised or any insurance intermediaries licensed under the Insurance Ordinance (Cap. 41); or
      4. a firm or corporate practices registered with the Hong Kong Institute of Certified Public Accountants (“HKICPA”); or
      5. a trust company registered under Part 8 of the Trustee Ordinance (Cap. 29) or any trustees approved by the Mandatory Provident Fund Schemes Authority (“MPFA”) under the Mandatory Provident Fund Schemes Ordinance (Cap. 485); or
      6. a trust or company service provider licensed by the Companies Registry under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615); or
      7. a recruitment agency engaged by any of the employers mentioned in clause 1.2.1 to 1.2.6 above to provide personnel with proof; or
      8. a member company of a group of which the relevant subsidiary is an eligible employer in clause 1.2.1 to 1.2.6 above; OR
    3. a financial services licensee in between jobs on the commencement date of the course attended during the period from 17 April 2020 to 31 March 2022. Eligible licensees refer to any of the following:
      1. SFC licensees; or
      2. Securities staff of authorised institutions under the HKMA; or
      3. Licensed individual insurance agents / Technical Representatives (Agent) / Technical Representatives (Broker); or
      4. Certified public accountants registered with the HKICPA.
  2. An exemption from the full-time employment requirement under clause 1.2.3 above will ONLY be granted to the following practitioners from 1 April 2020 onwards:

    - Licensed Individual Insurance Agents
    - Licensed Technical Representatives (Agent)
    - Licensed Technical Representatives (Broker)

    A qualified applicant has to be an insurance intermediary licensed by the Insurance Authority where the Principal is an insurer authorised or an insurance intermediary licensed under the Insurance Ordinance (Cap. 41).

    Additional information may be required to prove the contractual relationship between the applicant and the principal.

  3. The applicant has completed any of the eligible courses (please refer to the Eligible Training Programme page for details) and has been certified by the course provider that he/she has completed the relevant course to the course provider’s satisfaction during the following period of time:
    1. for an in-service practitioner currently under employment, on or after the launch of the Pilot Programme (i.e. from 1 October, 2016 onwards); or
    2. for a financial services licensee in between jobs, during the period from 17 April 2020 to 31 March 2022; and
  4. The applicant must not have received any other form of subsidy or financial assistance for the 80% of the course fees to be reimbursed under the Scheme from any publicly-funded schemes and/or the applicant’s employer.
  5. The applicants are required to switch the camera on throughout the class for live webinars.
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Reimbursement of course fees

Each successful applicant will be reimbursed 80% of their course fees, subject to a maximum of $10,000 per person throughout the period of 1 October 2016 to 31 March 2023.

 

Only the fees incurred for enrolling in eligible course(s) can be reimbursed.

 

Other charges such as registration fees, administration fees, examination fees, late charges or any other miscellaneous charges are not eligible for reimbursement.

 

Applicants should note that:

  1. the fee of each course can only be reimbursed once. Duplicated application will not be accepted; and
  2. each applicant may apply for reimbursement for more than one course, subject to a maximum of $10,000 per person throughout the period of 1 October 2016 to 31 March 2023.

 

All applications for reimbursement will be processed on a first-come-first-served basis, until the funding for the Scheme has been fully committed.

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Application procedures

Applicants must submit a duly signed application form together with the FIVE classes of supporting documents to the HKSI Institute’s office before deadline.

 

  1. Application form:
    1. complete an application via online application portal with an unique system-generated application number for referencing;
    2. fill out all necessary information, including course, employment and personal details.  Print out the application form and sign on the form (Section C & Annex A), and
    3. submit the complete set of application form together with the FIVE documents by post / by courier / in person to the HKSI Institute’s office.

    (Paper application form is available for download on the website.
    An applicant using paper application form must come in person to the HKSI Institute’s office to submit the application.
    Submission by post / by courier will NOT be accepted.
    For details of the application procedure with respect to paper application form, please refer to the “Application Procedures” section of the form.)
  2. FIVE supporting documents:
    1. a copy of the applicant’s Hong Kong Identity Card;
    2. a copy of the certificate issued by the course provider certifying that the applicant has completed the course to the satisfaction of the provider;
    3. the original receipt of the course fee payment issued by the course provider (with name of applicant, name of the course attended and course date);
    4. a documentation of the personal bank account for direct credit of reimbursement in the form of:

      - a copy of the front page of bank passbook; or
      - a copy of the bank account statement; or
      - a copy of a bank debit card; or
      - a copy of blank personal cheque.

      (Note: The copy must show clearly the name of the bank, the account number and the name of the account holder which must be identical to the name shown on the applicant’s Hong Kong Identity Card.)
      1. for in-service practitioners currently under employment, an original company letter issued by or an employment certification form (“Form”) endorsed by the applicant’s employer, with an authorised signature duly signed and the employer’s company chop stamped, certifying that:
        1. the applicant is in full-time employment with the employer on the commencement date of the course attended; and
        2. the applicant has not received any form of subsidy or financial assistance for the 80% of the course fees to be reimbursed under the Scheme from the employer; or
      2. for financial service licensees in between jobs, either: an employment verification letter from the last employer (if available); or the applicant’s licence/registration number given by the relevant authority (i.e. SFC, HKMA, Insurance Authority, MPFA or HKICPA).

        A sample company letter can be downloaded HERE.

Reminders:

 

  • Applicants may be required to verify the information submitted and/or to provide additional information where necessary for further processing.
  • All documents submitted are not returnable. Applicants are advised to retain copies for their own reference.
  • Please note that the HKSI Institute will not accept applications with insufficient postage. Mail items addressed to the Institute without sufficient postage may either be returned to the sender or disposed by Hongkong Post. The HKSI Institute does NOT bear any responsibility for any mail lost in transit.
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Application deadline

Completed and duly signed online application form together with the required supporting documents must be submitted to the HKSI Institute’s office within FOUR months from the last day of the course attended.

 

(Note: Different course providers may have different definitions of course end date.  Applicants are advised to check with the corresponding course provider(s) for clarification where necessary.)

 

The date of receipt of completed application form and all required supporting documents as stated in “Application Procedures” by the HKSI Institute will be regarded as the date of application.

 

If the deadline falls on a Saturday, Sunday or public holiday, the deadline will be the next working day. Applicants should submit the full set of application documents on next working day. Otherwise, the applications will be treated as late submission.

 

Late or incomplete applications will not be accepted. 

 

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Payment method

Payment will be made to the successful applicant by direct credit to the local bank account^ nominated by the applicant. The name of the account holder must be identical to the name shown on the applicant’s Hong Kong Identity Card.

 

^ Savings account or Current account denominated in Hong Kong Dollar or accepts Hong Kong Dollar transactions