Asset Management

(Asset and Wealth Management Annual Regulatory Update 2018) Course 1 - Latest Regulatory Updates of the WAM Industry


Regulators from the Securities and Futures Commission will share the latest regulatory developments affecting the asset management industry.

Amendments to the Fund Manager Code of Conduct (FMCC) and SFC Code of Conduct

The gazetted changes to the FMCC and SFC Code of Conduct will become effective later in 2018.  These enhanced regulations, which are comparable to regulations in the international markets, will strengthen Hong Kong's position as a leading asset management centre.  Are you ready to implement the necessary operational and system changes to comply with the enhanced regulations?

Online Distribution and Advisory Platforms

Investors are increasingly buying investment products as well as managing their finances and investments online (including via robo-advisers). This new business model brings new opportunities as well as risks. The proposed guidelines focus on governance and controls, suitability requirements and additional protective measures for the sale of complex products on online platform.  How would this impact you?


Topic 1 - Enhanced requirements in respect of asset management regulation and point-of-sale transparency, and further consultation on disclosure requirements applicable to discretionary accounts

Topic 2 - Online Distribution and Advisory Platform: Proposed guidelines

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

Grace CHAN
Ms Chan practised as a corporate finance lawyer in Hong Kong before joining the Commission, specialising in initial public offerings and M&A transactions. Ms Grace Chan is a Director of the Investment Products Division of the Securities and Futures Commission. Ms Chan is mainly responsible for authorising and regulating retail investment products, including unit trusts and mutual funds, REITs, ETFs and ILAS. She also plays a key role in the Commission’s policy initiatives concerning the asset management industry, such as the introduction of the open-ended fund company structure and the recent review on the regulation on REITs in Hong Kong. Ms Chan is currently a member of the Committee on Real Estate Investment Trusts and the Product Advisory Committee of the Commission. Ms Chan practised as a corporate finance lawyer in Hong Kong before joining the Commission, specialising in initial public offerings and M&A transactions.

Brian LAM
Mr Brian Lam is a Senior Manager of Investment Products of the Securities and Futures Commission. His work involves regulatory matters concerning SFC-authorized investment products, policy initiatives relating to asset management regulation and online fund distribution platforms, and investor education programmes. Mr Lam was in private legal practice prior to joining the Commission.
Ms Grace Yeung, Senior Manager of Intermediaries Supervision, Intermediaries at the Securities and Futures Commission, is mainly responsible for supervising a range of licensed corporations in the securities and futures sectors in Hong Kong. She is also involved in policy initiatives and local regulatory reforms relating to asset management regulation and online fund distribution platforms.


Date & Time
Monday, 5 Feb 2018 (2:30PM - 4:30PM)
HKSI Institute Training Centre
SFC:2.00, PWMA:2.00