Trust Training Certificate (TTC) - Unit 20: Collective Investment Schemes – Part 2 Public Offering Arrangements (eCourse)

Trust Training Certificate (TTC) - Unit 20: Collective Investment Schemes – Part 2 Public Offering Arrangements (eCourse)

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Overview

This eCourse will be accessible from 6 July 2020 to 23 August 2020.

This is Unit 20 of the training programme in pursuing the “Trust Training Certificate”.

This eCourse is developed in relation to the special arrangement for the participants joining the TTC Part B training in June and July 2020. It is prepared based on the recorded version of the last class (face-to-face mode) of Unit 20 done on 23 May 2020. For the participants who will take the TTC Part B Examination in August 2020, you should ensure you read the latest version of study guide and materials provided via the examination enrolment link.

It consists of one module – Module 29: Collective Investment Schemes – Part 2 Public Offering Arrangements.

This eCourse has divided Module 29 into two parts. For each part, you must watch the recorded video and then pass the assessment (with unlimited attempts).

Objective

On completion of the course, you will be able to:
1. Explain the differences between Unit Trusts ("UT"), Open-ended Fund Companies ("OFC") and Mutual Funds ("MF")
2. Be able to list the parties required for these three types of public Collective Investment Schemes
3. Explain in depth the role of Trustees
4. Describe in overview the role of the other parties
5. Understand the regulatory regimes in HK for UT’s and OFC’s
6. Be aware of offshore jurisdiction licensing regimes for funds
7. Understand the basic concepts of Undertaking for Collective Investment in Transferable Scheme ("UCITS") and Mutual Recognition of Funds Arrangements ("MRF")
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On completion of the course, you will be able to:
1. Explain the differences between Unit Trusts ("UT"), Open-ended Fund Companies ("OFC") and Mutual Funds ("MF")
2. Be able to list the parties required for these three types of public Collective Investment Schemes
3. Explain in depth the role of Trustees
4. Describe in overview the role of the other parties
5. Understand the regulatory regimes in HK for UT’s and OFC’s
6. Be aware of offshore jurisdiction licensing regimes for funds
7. Understand the basic concepts of Undertaking for Collective Investment in Transferable Scheme ("UCITS") and Mutual Recognition of Funds Arrangements ("MRF")

Content

Module 29: Collective Investment Schemes - Part 2 public Arrangements
In regard to Unit Trusts (“UT”), Mutual Funds (“MF”) and Open-ended Fund Companies (“OFC”):
1. Differences between UT, MF & OFC and HK’s regime (Code on Unit Trust & Mutual Funds, OFC Code)
2. Parties to each
(a) Trustee
(b) Director
(c) Distributor
(d) Investment manager / investment advisor
(e) Custodian / sub-custodian
3. Roles, responsibilities of trustee with overview of other parties
4. Regulations and regulatory requirements
5. An overview of non-HK funds (such as the Cayman Islands, Luxembourg and Ireland) which are offered to the HK public.

Who should attend

The course is primarily targeted to those who would like to pursue “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 the Trust industry sector.

 

Special remarks:

The course is NOT eligible for the financial incentive schemes of the WAM Pilot Programme.

Details

Code
TEPWM20005301
Venue
ePlatform
Language
English
Level
Introductory
Hours
SFC:3.00, PWMA:3.00, HKTA:3.00