To help candidates prepare for the Licensing Examination for Securities and Futures Intermediaries (LE) Paper 9 - Derivatives, the HKSI Institute has launched the eStudy Manual. With effect from 1 June 2023 till 31 January 2025, examination questions of the LEs will be based on this manual.

Terms and Conditions:
1. Users can download this eStudy Manual via the “Upcoming Activity” > "CPT/Non-CPT Activity" page of the Online Portal within 90 days after purchase. After 90 days, you are required to order again if you want to access the same eStudy Manual.
2. Purchased eStudy Manual(s) cannot be returned, refunded or exchanged once an order made and paid the fee successfully. If you experience difficulties downloading your purchased eStudy Manual(s), please email to [email protected].
3. This eStudy Manual will be available for free download via the “Upcoming Activity” > "Examination" page of the Online Portal if you have enrolled the LE Paper 9 Examination.
4. Amendments and updates of the eStudy Manuals are made periodically or when deemed necessary to reflect changes in applicable laws, rules, regulations, codes and market practices in Hong Kong. Individual have to pay attention to the version or edition of the eStudy Manuals with their corresponding examinations.

Topic 1: Overview of the derivatives markets
Topic 2: Generic derivative products
Topic 3: Equity derivatives
Topic 4: Interest-rate derivatives
Topic 5: Currency and commodity derivatives
Topic 6: Derivatives: trading, clearing and settlement

Any interested person or those who would like to study before enrolling for the examination.