(General) Financial Products & Associated Risk Management

Trust Training Certificate (TTC) - Unit 3: Administration and Management of Trusts


This is Unit 3 of the training programme in pursuing the "Trust Training Certificate".

It covers the requirements of administration and management of trusts including required form, proper documents, changing the trust instruments, investment policy format, letters of wishes, FATCA & CRS reporting, etc.

For 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" and "TTC Unit 2: Types of Trust and When Appropriate" prior to attending this course.




  1. Set up process
  2. Distributions to beneficiaries
  3. Annual review
  4. Changes to the deed
  5. Adding and removing beneficiaries
  6. Re-domicile
  7. Trust investment policy
  8. Letters of Wishes
  9. Proper documents for trustee protection
  10. Basic accounting rules and trust account requirements
  11. Reporting (FACTA, CRS) overview and when required
  12. Beneficiaries rights to information under HK law
  13. Termination and closure documents and requirements
  14. For investment and pension trust, the role of custodian, administrator and registrar/scheme administrator

Who should attend

This course is primarily targeted to those who would like to pursue the "Trust Training Certificate" in order to apply for the Hong Kong Trustees' Association Certified Trust Practitioner designation.

It is also relevant 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

Richard GRASBY
Mr. Richard Grasby is the Founder of RDG Fiduciary Services Limited. He is a lawyer admitted in England and Wales, the Cayman Islands and the BVI. He is a member of the STEP Hong Kong branch executive committee and a former chair of the branch. He is a member of the steering committees for both the STEP Business Families and the International Client Special Interest Groups. He is a member of the Hong Kong Trustees Association and the Hong Kong Institute of Directors. He has 20 years of experience working with global clients in respect of trusts, estate planning, diversified asset holding structures and related regulatory matters. He has been based in Hong Kong since 2009 and previously worked in the Cayman Islands, London and Jersey.


Date & Time
Wednesday, 16 Oct 2019 (6:00PM - 9:00PM)
HKSI Institute Training Centre
Relevant Subject
SFC:3.00, PWMA:3.00, LawSociety:2.50