(Specific) Financial Products & Associated Risk Management

Trust Training Certificate (TTC) - Unit 2: Types of Trusts and When Appropriate



This is Unit 2 of the training programme in pursuing the "Trust Training Certificate".

It consists of two modules:

Module 4: Types of Trusts and their uses

Module 5: Retention of control

For the topics to cover, please refer to the content section below.

If the participant is intended to pursue the "Trust Training Certificate", he / she is required to take "TTC Unit 1: Introduction to Trusts" prior to attending this unit. 


Types of Trust and their uses

  1. Protective Trust
  2. Charitable Trust
  3. Non-Charitable Purpose Trust
  4. Investment vehicle in the form of a trust
  5. Pension Trust
  6. Employee Benefit Trust (e.g. employee stock ownership)
  7. Discretionary (and Letters of Wishes)
  8. Bare Trusts, Declaration of Trust, Two-party Trust (Co-fiduciary Trust)
  9. Fixed Interest Trust
  10. Revocable or Irrevocable Trust
  11. Resulting Trust / Constructive Trust

Retention of control

  1. Reserved Power Trust
  2. Private Trust Company’s
  3. Use of VISTA / LST / SISTA trusts
  4. Trust / Limited Partnership structure

Who should attend

This course is primarily targeted to those who would like to gain a solid understanding of the course subject matter and / or those who plan to enter into the Trust industry sector.

Speaker/Course Instructor

Mark LEA
Mark was educated in England and was qualified as a solicitor in 1970 in London. Since 1971, Mark has been concerned with international estate planning and structure and international comparative taxation. Having been a partner in Lea & White Solicitors and then Chairman in one of the UK's most successful provincial law firms, he moved permanently to Asia and was admitted to practice as a solicitor in Hong Kong in 1995.

Mark is active in providing advisory works both to governments and families with international members. Mark advised the Government of Singapore with regard to the Trustees Act of Singapore. He originated the proposals for changes to the Trust Law of Hong Kong and advised on such changes. He advised the Malaysian Government on changes to the laws of Labuan, including Trust Law, Foundations Law and Limited Partnership Law. He remains an international adviser to that government. He advised the Government of Samoa on and has drafted new Trust Law, new Foundations Law and a new Trustee Companies Bill and has advised on and drafted changes to other relevant laws in consequence.

Mark taught a course on international estate planning, including the use of trusts and foundations, as Adjunct Professor of Law at the National University of Singapore for 10 years. He is teaching a similar course in Samoa.


Date & Time
Tuesday, 22 Jan 2019 (6:00PM - 9:00PM)
HKSI Institute Training Centre
Relevant Subject
SFC:3.00, PWMA:3.00