Overview

This is Unit 20 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 10 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 22: Collective Investment Schemes – Part 2 Public Offering Arrangements

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:
- explain the differences between UT’s, OFC’s and MF;
- be able to list the parties required for these public CISs;
- explain in depth the role of Trustees/Custodian and other parties for a public CIS;
- understand the regulatory regimes in Hong Kong for UT’s and OFC’s; and
- be aware of non-Hong Kong funds (such as funds from the Cayman Is- lands, Luxembourg, and Ireland) which are offered to the Hong Kong public.

Content

This Module provides an overview of collective investments schemes (“CIS”, or generally referred to as a “fund”) which are offered to the Hong Kong public:
1. The Module first explains the Hong Kong specific regime for “funds” (being unit trusts (“UTs”) or open-ended fund companies(“OFCs”)) authorized by the Securities and Futures Commission (“SFC”) in Hong Kong and compared with mutual funds (“MF”);
2. Information regarding the structures, restrictions and key operators of the unit trusts, OFCs and mutual funds; and
3. Comparison with non-Hong Kong funds which are offered to the public.

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.