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

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.

Financial Incentive Scheme of the WAM Pilot Programme

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

Eligible in-service practitioners of the financial services industry could apply for reimbursement of 80% of the course fees, subject to a maximum of HK$7,000 (whichever is lower) upon satisfactory completion of a course / seminar / conference over the three-year period of the Scheme.

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

Application to reimburse the course fees, together with the required documents, must be submitted within four months from the last day of the course / seminar / conference attended. Please refer to the WAM Pilot Programme website for more details.

Speaker/Course Instructor

Samuel CHOI
Samuel is the Audit Head of Financial Services - asset management, securities and banking - of Crowe Horwath (HK) CPA Limited, a member firm of Crowe Horwath International ranked among the top 10 global accounting networks, with 750 offices in 130 countries around the world.

Samuel started his audit career with Pricewaterhouse Coopers in 1991 with specialisation in Financial Services since 1994. He joined Deloitte Sydney as Account Director in 1997. He was then relocated to Deloitte Hong Kong and co-found the Financial Services Advisory Group providing non-assurance services to financial services clients. He was the leading audit partner of the investment management practice when he retired from the Deloitte Hong Kong partnership in 2006 to further his specialization in asset management industry, especially alternative investments.

Samuel then joined J. P. Morgan Asset Management (JPMAM) as the Chief Administrative Officer (Asia ex. Japan) overseeing Risk Management, Finance and Tax for the region. In addition, he was the Director of China International Fund Management Co., Ltd, the Shanghai joint-venture fund management company of Shanghai International Trust Corporation Ltd. and JPMAM.

Samuel co-founded Elmore Capital Limited (ECL) which was majority owned by an Asian family office, and launched a multi-asset class hedge fund, comprising Asian equities, Asian currencies and commodities in 2009. Samuel was the shareholder, board director, Chief Executive Officer (CEO) and SFC Type 4 & 9 Responsible Officer (RO) of ECL. Samuel brought ECL to become Wolver Hill Group’s Hong Kong office which has then been rebranded to Wolver Hill Asset Management Asia Limited (WHAMAL) in 2014. As a core founding member of the Hong Kong office, Samuel restructured ECL and built WHAMAL from a boutique start-up to a reputable fund platform. At the time of his departure in 2017, WHAMAL was supporting fund managers with the aggregate Assets-Under Management (AUM) of over USD1 billion.
Benny TO
Mr To is currently the Compliance Head of an international financial institution. He oversees the compliance function of various wealth management businesses including private banking, stock and futures brokerages, trusts and asset management. He provides advice, review and approach wealth management products and related sales materials. He also has several years of experience in the dealing of foreign exchange, money market and fixed-income securities in the Treasury Department of a local bank in Hong Kong.

He is an experienced trainer and has provided training to internal staff and professional institutions.e obtained his Master of Science (Banking) degree and LLM (International Business Stream) from the City University of Hong Kong. He also obtained the CFA, CPA(US) designations from the professional organisations
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.


Date & Time
Wednesday, 20 Nov 2019 (6:30PM - 9:00PM)
Friday, 22 Nov 2019 (6:30PM - 9:00PM)
HKSI Institute Training Centre
SFC:5.00, PWMA:5.00
All Member: HK$1100
Staff of Corporate Member: HK$1100
Non-Member: HK$2200