RA 13 Training
Starting from 2 October 2024, depositaries of SFC-authorised collective investment schemes (CISs), unless exempted, will be required to be licensed or registered with the Securities and Futures Commission (SFC) for Type 13 regulated activity - providing depositary services for a relevant CIS (RA 13).
At HKSI Institute, we offer different training courses to suit different groups of learners:
- Those who are exempted from relevant local regulatory framework paper (LRP), i.e. LE Paper 18.
- Those who plan to enrol in relevant recognised industry qualification (RIQ), i.e. LE Paper 19.
- Those who need to meet the post-license CPT requirements
Find out more below.
Those who are exempted from taking LE Paper 18, the LRP can enrol in the Grandfathering training programme.
This 5-hour training programme has three parts:
Part 1: Overview of the Legal and Regulatory Framework for Securities and Futures Industry
Part 2: RA 13 Specific Regulations
Part 3: SFC-authorised Collective Investment Schemes and the relevant Product Codes
Click here to enrol.
According to SFC’s Guidelines on Competence and Guidelines on Continuous Professional Training:
- All RA 13 licensed individual must complete at least five CPT hours per calendar year on topics directly relevant to the regulated activities.
- Depending on academic/professional qualifications and industry experience, some RA 13 licence applicants may be exempt from the RIQ requirement by completing five CPT hours relevant to RA 13 within the periods and conditions designated by the SFC.
We offer the following courses relevant to RA 13: