You don't need to pass all three subjects in the fund qualification examination. Candidates are eligible to be registered as fund practitioners if they pass the examination of subject 1 and subject 2, or pass the examination of subject 1 and subject 3.

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 follow-up training hours specified in the last two years before registration.