Overview

This eCourse will be accessible until 8 June 2024.

This is Unit 19 of the training programme in pursuing the “Trust Training Certificate”.

This eCourse is developed based on the recorded webinar session of Unit 19 held on 22 April 2021. Please note that the study guide and materials for this eCourse align with those supplied for the June 2024 TTC Part B Examination through the enrolment link, both reflecting the April 2021 version.

It consists of one module – Module 28: Collective Investment Schemes – Part 1 Private Arrangements.

Objective

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

Content

Module 28: Collective Investment Schemes - Part 1 Private Arrangements
The nature and use of Collective Investment Schemes (“CIS”) in form of:
1. Unit trust (“UT”)
2. Open-ended fund companies (“OFC”)
3. Private funds (Cayman) (“PF”)
in respect of the followings:
(a) Regulations and regulatory requirements in respect of private placement and differences (comparison of jurisdictions HK vs Cayman)
(b) Parties to each
(c) Trustee and directors’ duties thereto
(d) Licensing and restrictions
(e) Important drafting provisions
(f) General administrative requirements

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.

Click here if you wish to register for full Part B Stream 2 training programme and examination.