(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.