Regulatory Environment - Part 5

Regulatory Environment - Part 5

Overview

This tutorial describes the main provisions of the Alternative Investment Fund Managers Directive (AIFMD), Undertakings for Collective Investment in Transferable Securities (UCITS) Directive, and the obligations imposed by the European Market Infrastructure Regulation (EMIR).

Objective

On completion of this tutorial, you will be able to:
- Outline the objective, scope, and key definitions associated with the Alternative Investment Fund Managers Directive (AIFMD)
- Describe the main requirements that the AIFMD places on alternative investment fund managers
- Describe how the key provisions of the UCITS Directive have evolved through the years since the first directive in 1985
- Outline the attractions of UCITS as an investment vehicle for both investors and fund managers
- Outline the purpose and scope of EMIR
- Describe the clearing obligation under EMIR, including the clearing thresholds for nonfinancial counterparties (NFCs)
- Explain the details of EMIR's reporting obligation, including the data that is required to be reported
- Describe the risk mitigation techniques that apply to OTC derivatives contracts that fall outside the scope of the clearing obligation

Content

Module 1: Alternative Investment Fund Managers Directive (AIFMD)
Topic 1: Overview of the AIMF Directive
Topic 2: Key Requirements

Module 2: Undertakings for Collective Investment in Transferable Securities (UCITS)
Topic 1: UCITS Directive
Topic 2: Attractions of UCITS for Investors & Fund Managers

Module 3: European Market Infrastructure Regulation (EMIR)
Topic 1: Overview of EMIR
Topic 2: The Clearing Obligation
Topic 3: The Reporting Obligation
Topic 4: Risk Mitigation Techniques for Non-Centrally Cleared Derivatives

Details

Code
TERCR17004601
Venue
ePlatform
Language
English
Level
Introductory
Hours
SFC:3.5, PWMA:3.5
Fees
All Member: HK$910
Non-Member: HK$1295
Staff of Corporate Member: HK$910