You don't have to pass all three subjects in the Fund Qualification Examination. Candidates who have passed the exams in Subject 1 and Subject 2, or passed the exams in Subject 1 and Subject 3, are eligible for registration as fund practitioners.

The fund qualification examination includes three subjects:

Subject 1: fund laws and regulations, professional ethics and business norms;

subject 2: basic knowledge of securities investment funds;

subject 3: basic knowledge of private equity investment funds.

after passing the examination of subject 1 and subject 2, you can apply to the fund industry association for the qualification of registered fund within four years through your institution. Those who have not applied for the qualification of registered funds through institutions for more than four years need to re-take the qualification examination or make up the required follow-up training hours in the last two years before registration.