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Syllabus update

HKSI Paper 1 Study Guide v3.5: what changed

If you started with older notes, the move to Study Guide v3.5 is worth a short review pass. The structure is stable — the changes are additions, not renumbering.

Reviewed 16 July 2026

When v3.5 applies

The HKSI Institute confirms that the updated LE Paper 1 Study Guide (v3.5) applies to examinations from 30 June 2026 onwards. If your exam date is on or after that day, prepare against v3.5.

The nine-chapter structure and the official question allocation are unchanged from the previous guide, so most of your existing preparation still applies. No chapters were removed or renumbered.

What to review

v3.5 change-to-action map
AreaWhat changedStudy action
Virtual assetsAdded coverage of virtual assets and licensed virtual-asset trading platforms (VA/VATP)Read the new virtual-asset sections; learn how VATPs are licensed and regulated
Listing frameworkAdded coverage of the Listing Committee and related listing-regulation materialReview who decides listings and how the listing framework is governed
Investor protectionAdded Statutory Investor Protection (SIP)-related materialNote the investor-protection additions and how they fit existing compensation topics
Everything elseNo chapters removed or renumberedKeep using your existing chapter notes and practice

Related guides

Sources

Independent study platform for HKSI LE candidates. Not affiliated with, endorsed by, sponsored by, or approved by the HKSI Institute, SFC, or HKEX. Always confirm current examination details on the official HKSI Institute website.