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Examination Regulations and Guidelines

Examination Regulations and Guidelines

Candidates are advised to read carefully all the Society of International Registered Financial Practitioner (SIRFP) examination regulations and guidelines set out below before attending their examinations. Failure to follow, and/or breach, of ANY of these examination regulations may result in disqualification from the examination.

Examination Structure

1. The SIRFP examination is divided into two levels. Candidates should enter 4 examinations at the lower level, i.e. Elementary Level subjects, to achieve the qualification of Associate Member (AIRFP). A candidate who passes lower level and achieved AIRFP may qualify to select and apply the remaining 4 examinations of modules from 6 examinations at the Advanced Level if he or she has satisfied the requirements of the Elementary Level examination.

2. The Advanced Level examination should only be attempted after passing 4 the Elementary Level subjects or being granted an exemption at the Elementary Level examination. Those who passes the Advanced Level Examination may achieve the qualification of International Registered Financial Practitioner (IRFP).

3. All examination papers will be offered in both English and Chinese. Every examination will take from 1 hour to 1.5 hours which consists of multiple choice questions and/ or long questions and case study. Candidates are required to answer ALL questions. A candidate can attempt any number of subjects of the level which he or she is qualified in each year.

4. During the process of subject selection, candidates must satisfy the requirement of passing all subjects of the Elementary Level of examination before he/ she can select any subject of the Advanced Level.

Examination schedule

The SIRFP Examinations are held twice a year, i.e, in July and December. Details regarding each examination will be announced approximately five months before the scheduled examination date. The examination dates and registration deadline scheduled as follows in each year:

Examination ScheduleRegistration Deadline

Every July and Every December        

End of May (July's Exam) and End of Oct (Dec's Exam)

Remark: Date of Examination wil be announced in the website       


Completion Requirements and Award

SIRFP candidates will be awarded Associate International Registered Financial Practitioner (AIRFP) if they can complete all the required examination papers of Core Modules (4 subjects) within a 5-year period. SIRFP candidates will be awarded International Registered Financial Practitioner (IRFP) if they can complete all the required examination papers of Elective Modules (4 out of 6 subjects) within a 5-year period. The 5-year period will commence from the date of the first SIRFP paper that the candidate passes.

General Rules

1. Candidates are not allowed to sit for an examination if they have not settled any fees due to SIRFP.
2. Candidates should read the examination timetable carefully and take note of the date, time and venue of the examinations. Having forgotten or misread the examination timetable is not an acceptable excuse to apply for make-up examinations.
3. Candidates should arrive at the examination venue at least 15 minutes before the scheduled time of the examination, and be seated in accordance with the seat number assigned to them.
4. Candidates will not be admitted to the examination venue after the first 30 minutes of the examination.
5. Candidates are not allowed to leave during the first 30 minutes and the last 15 minutes of the examination.
6. Candidates should bring their HKID Card/passport which should be displayed at the top right-hand corner of the desk throughout the examination. Candidates without any such identification will not be allowed to sit for the examination.
7. Candidates should bring their own stationery to all examinations. Calculators brought into the examination hall are subject to inspection. (Refer to "Use of Electronic Calculators" below.)
8. Candidates are NOT allowed to use any communication devices during the examination. Candidates are required to switch off all communication devices.
9. Candidates are required to switch off all devices which produce sound of any kind, such as alarm watches, before entering the examination hall/room.
10. No books, manuscripts, notes or paper should be brought to the desk. Such items should be put inside their bags and be placed under the seat before the examination commences. The bags should be placed under their seats before the examination commences.
11. Candidates are to remain absolutely silent throughout the examination and must not speak or do anything to disturb other candidates. If they have questions, they should put up their hands and wait patiently for an invigilator.
12. At the end of the examination, candidates should remain silent and seated until all examination materials have been collected and the invigilators have told them that they may leave.
13. Candidates are not allowed to copy, distribute, publish, modify, create derivative works from or otherwise use in any manner or media, the information, materials and questions contained in the question booklet. All information, materials and questions contained in the question booklet are the proprietary information of the SIRFP and all copyright therein belongs exclusively to the SIRFP. By taking the examination, candidates are deemed to acknowledge the SIRFP's intellectual property rights (including copyright) in all such information, materials and questions contained in the question booklet. The SIRFP reserves the right to take appropriate action against candidates to enforce its intellectual property rights.
14. Candidates who wish to leave the venue during an examination session should:
a) first check the answer book(s) and papers that they bear their names, candidate numbers and subject code;
b) raise hand and wait for an invigilator;
c) leave only when the invigilator has signified his/her assent.
15. At the end of the examination, candidates should:
a) promptly stop writing and wait for the invigilator to collect the answer books;
b) not leave until the invigilator tells them to do so;
c) not remove anything from the centre except personal belongings.
16. A candidate who has committed any of the following offences is subject to disqualification in a subject or the entire examination:
a) copying other candidates' work or any form of cheating inside or outside the examination centre;
b) bringing unauthorized articles into the centre without permission;
c) removing articles other than personal belongings from the centre;
d) leaving the centre without permission;
e) continuing to write after the end of an examination;
f) disobeying instructions of an invigilator.
Such cases will be submitted to the SIRFP Academic Committee for further action.
17. SIRFP will not be responsible for any loss, theft or damage of personal belongings during the examination.
18. Drinking, eating and smoking are not allowed during the examination.

Use of Electronic Calculators

1. Only Non-programmable electronic calculators may be used by candidates in examinations. Calculators and/or other electronic devices that are able to store text must not be used in the examinations.
2. Calculators must be battery-powered, operate soundlessly and include neither print-out nor graphic/word display functions.
3. Calculators brought into the examination hall/room are subject to inspection and, in case of doubt, may be taken away for inspection. NO extra time will be given to the candidate in these circumstances.
4. A list of pre-approved models of calculator is made here. The list is for reference only, and is subject to change without prior notice.

Misconduct

A candidate may be disqualified from the examination if he/she:
1. communicate with or provide assistance to any other candidate on examination materials during the examination.
2. look at another candidate's examination paper for any purpose.
3. accept assistance on examination materials from any other candidate or persons during the examination.
4. permit any other candidate to read or copy from his or her examination papers and answer books.
5. disturb any other candidate during the examination.
6. improperly obtains information of an examination paper prior to the examination;
7. copies from notes, books or electronic devices brought into the examination hall/room;
8. takes away, or attempts to take away, from the examination hall/room any examination materials, such as examination question booklets, answer sheets, backing sheets or graph paper;
9. leaves the examination hall/room without permission;
10. starts to work on the examination paper before being instructed to do so, or continues to write after being told to stop writing at the end of the examination;
11. does anything which causes unnecessary distraction to other candidates or disruption to the examination;
12. takes an examination on behalf or in the name of another person.

Guidelines on the Postponement and Cancellation of examinations during typhoon or Black Rainstorm Warning Signal
When Tropical Storm Warning Signal No. 8 (or above) or the Black Rainstorm Warning Signal is hoisted, the following arrangements will apply:
1. For examinations not yet started, if either of the warnings is hoisted or in force at or after 6:00am, all morning examinations commencing before 12:00pm will be cancelled automatically.
2. For examinations not yet started, if either of the warnings is hoisted or in force at or after 11:00am, all afternoon and evening examinations commencing at any time from 12:00pm will be cancelled automatically.
3. For examinations already started, all examinations to continue until the end of that examination session.
The Examinations Unit will re-schedule postponed examinations to a later date and inform the candidates of the details as soon as possible. When Tropical Storm Warning Signal No. 3 or Red Rainstorm Warning Signal is in force, it should be assumed that all examinations will be held as scheduled.