Overview

This is Unit 19 of the "Trust Training Certificate" ("TTC") (version 2.0) training programme.

This eCourse is prepared based on the recorded version of the webinar session held on 3 October 2024. For participants who plan to take the TTC Part B Stream 1/2 Examination at a later date, you should ensure you read the study guide and materials provided via the examination enrolment link.

It consists of one module:
Module 21: Collective Investment Schemes – Part 1 Private Arrangements

If you wish to register for the full TTC (version 2.0) Part B Stream 1 Training Programme and Examination, click here. 

If you wish to register for the full TTC (version 2.0) Part B Stream 2 Training Programme and Examination, click here. 

Please note that only the full programme is eligible for WAM FIS reimbursement.

Objective

On completion of this eCourse, you will be able to:
- Understand and explain the key elements of what constitutes a Collective Investment Scheme (“CIS”), especially for private placement
- Explain the differences between Unit Trusts (“UT”), Open-ended Fund Companies (“OFC”) and Limited Partnership Funds (“LPF”) in the context of private CIS, the documentation involved, as well as the relevant regulatory obligations
- Explain the key parties necessary for UTs, OFCs and LPFs as well as their roles and licensing requirements
- Compare private CIS in Hong Kong to private funds in the Cayman islands

Content

This Module provides an overview of vehicles available for collective investment schemes in Hong Kong that are not offered to the investing public, but only through private placement. The type of collective investment scheme for private placement in Hong Kong will then be compared to other jurisdictions, with a primary focus on the Cayman Islands.

Who should attend

This course is primarily designed for individuals who are interested in obtaining the "Trust Training Certificate" to qualify for the Hong Kong Trustees' Association Certified Trust Practitioner™ designation.

It is also relevant for individuals seeking a comprehensive understanding of the course subject matter and those planning to enter the Trust industry sector.