Compliance, Legislative & Regulatory Standards

Asset Management Fundamentals Module 3: Regulation of Asset Management (5-hour intensive class)


The Asset Management Fundamentals Programme, which comprises of FOUR modules, is an induction programme designed to equip the financial services practitioners with the required knowledge and skills to enable them to enter into the Asset Management industry.

The Asset Management Fundamentals programme has four modules. Module 3: Regulation of Asset Management provides an overview of specific regulatory requirements related to asset management sector.

To address different learner’s needs, Module 3 has two versions: 5 hour intensive class and 10 hour foundation class.

Upon successful completion of all FOUR modules of the Asset Management Fundamentals, the participant will be awarded the Certificate of Completion of this programme.


1. General Regulatory Framework
2. Back-office Compliance
3. Asset Management Regulations
4. Misconduct
5. Quiz

Who should attend

This 5-hour module is primarily targeted to those who has extensive experience in securities industry but would like to gain a solid understanding of the Asset Management industry sector to enable them to apply for the Regulated activity Type 9 licence under the Securities and Futures Ordinance. Participants who have no or limited experience in securities industry should attend the 10 hour foundation class.

Completion Criteria

Participants are required to attend and complete both classes of this module.  Attendance record will be issued based on the actual attendance record.  For details, please refer to the HKSI Institute's attendance policy and regulations.


Financial Incentive Scheme of the WAM Pilot Programme

This is one of the eligible courses under the Financial Incentive Scheme (“The Scheme”) of the WAM Pilot Programme.

In-service practitioners of the financial services industry will be eligible for the Scheme. They will be reimbursed 80% of the course fees, subject to a maximum of HK$7,000 (whichever is the lower) upon satisfactory completion of a course or seminar over the three-year period of the Scheme.

Each individual may apply for reimbursement for more than one course / seminar.

Application to reimburse the course fees, together with the required documents, must be submitted within four months from the last day of the course attended.

Please refer to the WAM Pilot Programme website for more details.

Speaker/Course Instructor

Samuel CHOI
Samuel is the founder of aiM Group and currently leads aiM Group on business development and service quality across all business functions. Samuel is the founder and was the Head of Financial Services Practice of Crowe (HK) CPA Limited (“Crowe (HK)”) during 2017 to 2020. Prior to founding aiM Group and joining Crowe (HK), Samuel was the Chief Executive Officer since 2009 and co-founded Elmore Capital Limited (ECL) which managed a multi-asset class quantitative hedge fund. He brought ECL to become the Hong Kong office of Wolver Hill Group, namely Wolver Hill Asset Management Asia Limited (WHAMAL) in 2014. He co-built WHAMAL to a fund platform supporting fund managers with AUM of over USD1.2 billion at the time of his departure in 2017.

Before starting up ECL, Samuel was the Chief Administrative Officer (Asia ex. Japan) of J. P. Morgan Asset Management (JPMAM) overseeing the regional Risk Management, Finance and Tax. He also represented JPMAM as one of the board directors of China International Fund Management Co. Ltd., a Shanghai based joint venture. Samuel started his financial services specialization since his joining of Price Waterhouse Coopers. He retired from Deloitte Hong Kong audit partnership while he was the Investment Management Industry Audit Leader before joining JPMAM. Samuel is a Fellow Certified Public Accountant (Practising) of the Hong Kong Institute of Certified Public Accountants (HKICPA) and a fellow member of the Institute of Chartered Accountants in England and Wales (ICAEW), and he holds a Bachelor of Arts (Honorary) in Accountancy, Hong Kong Polytechnic University.
Cyrus Yat Sing FONG
Cyrus has considerable audit and financial services industry experience in providing services to listed banks, listed securities brokerage firms, asset management companies, investment agencies, private equity funds and other financial institutions in Hong Kong, China and overseas. He has comprehensive knowledge on the regulatory reporting requirements and related compliance matters of Hong Kong Monetary Authority and Securities and Futures Commission of Hong Kong. He has specialized in serving financial services industry clients, especially for clients who have Type 1, 4, 9 licences since joining Big-4 audit practice in 2007 prior to joining Crowe Horwath.
Raymond CHIU
Raymond has served for various types of clients from listed companies to public and private companies for various types of engagements relating to audits, internal control reviews and special due diligence reviews. Currently, he has specialized in serving financial services industry clients including different types of licensed corporations, especially in Type 1, 4, 9 licences. He has 10 years auditing experience in a bank which provides professional banking services to middle and small-sized enterprises as well as communities in Macau.
Felix CHAN
Felix started his career as an auditor at CCIF CPA Limited in Hong Kong. From there he moved into corporate consultancy for Alliance Financial Intelligence Limited and participated in Pre-IPO projects for clients based in the PRC.

He was then appointed Corporate Controller of CT Electronics Group to facilitate for the reverse takeover process of the company by a listed company on the Toronto Stock Exchange. After the completion of the said transaction, Felix moved onto managing the project division of a company listed on the Hong Kong Stock Exchange.

Felix then took a break from the corporate scene and started his own education business with partners in Shenzhen, China. The business was subsequently sold to partners and Felix returned to Hong Kong to take up the position of Associate Manager at the HKMA.

Since then Felix has worked at Grandtop International Capital Limited specializing in Internal Control for listed companies. Felix holds a double degree in Law and Business Administration from the University of Hong Kong. Felix is an internal control and operational risk management consultant for listed companies as well as asset management companies. He specializes in implementing internal control and risk management systems, procedures and policies for companies and regulated entities.
Wilkie LAI
Wilkie has been in the Banking and Asset Management industry for around 20 years, spanning across various areas like risk management, operations, technology, client development, legal, and compliance. Wilkie’s vast experience includes being Head of Compliance for Dragon Capital Group, a US$1.5 billion+ AUM regional fund. Prior to that he was Chief Risk Officer and Managing Director at TriBridge Investment Partners, a pan-Asian US$350 million+ credit hedge fund. Wilkie also headed up risk management functions for a number of financial institutions including Bank of China (Hong Kong) as well as Banca Intesa S.p.A. Wilkie had previously held key roles at Thomson Reuters’s and Andersen Consulting (now Accenture). His latest venture involves a Legal/RegTech initiatives affiliated with the Hong Kong Science and Technology Park. Wilkie is a lawyer and a member of the Law Society of New South Wales Australia. He studied law at Chinese University of Hong Kong and Australia National University. He further received a M.Sc. degree in Information System Management from Hong Kong University of Science and Technology, and a B.A. degree in Computer Science from the University of California.


Date & Time
Monday, 15 Jan 2018 (6:30PM - 9:00PM)
Wednesday, 17 Jan 2018 (6:30PM - 9:00PM)
HKSI Institute Training Centre
Relevant Subject
Type 9 - Asset management
Regulatory Compliance
Trad. Chi / Cantonese
SFC:5.00, PWMA:5.00