To help candidates prepare for the Licensing Examination for Securities and Futures Intermediaries (LE) Paper 17 - Regulation of Takeovers and Share Buy-backs, the HKSI Institute has launched the eStudy Guide. With effect from 1 March 2025, examination questions of the LEs will be based on this guide.

Terms and Conditions:
1. Users can download this eStudy Guide via the "CPT/Non-CPT Activity" page under “UPCOMING ACTIVITY” tab on 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 Guide.
2. Purchased eStudy Guide(s) cannot be returned, refunded or exchanged once an order made and paid the fee successfully. If you experience difficulties downloading your purchased eStudy Guide(s), please email to [email protected].
3. This eStudy Guide will be available for free download via the "Examination" page under the “UPCOMING ACTIVITY” tab on the Online Portal or "Downloads" tab in the "Menu" of the HKSI Institute Mobile if you have enrolled the LE Paper 17 Examination.
4. Amendments and updates of the eStudy Guides 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 Guides with their corresponding examinations.

Topic 1: General framework
Topic 2: Scope and application of the Codes on Takeovers and Mergers and Share Buy-backs
Topic 3: Takeovers structures
Topic 4: Obligations of the offeror and the offeree company
Topic 5: Obligations of financial advisers
Topic 6: Other considerations
Topic 7: Share buy-backs
Topic 8: Case studies

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