Wealth Management
[Webinar] Trust Training Certificate (TTC) (version 2.0) - Unit 19: Collective Investment Schemes – Part 1 Private Arrangements
Overview
This is Unit 19 of the "Trust Training Certificate" ("TTC") (version 2.0) training programme.
It consists of one module:
Module 21: Collective Investment Schemes – Part 1 Private Arrangements
For details on the topics to be covered, please refer to the 'Content' section below.
Click the links below if you wish to register for the full TTC (Version 2.0) Part B Training Programme and Examination:
- Stream 1
- Stream 2
Objective
At the end of this Module, students should 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
- Comparison of 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.
Financial Incentive Scheme of the WAM Pilot Programme
This course has already been approved as an eligible course of the Financial Incentive Scheme for Professional Training (“the Scheme”) under the Pilot Programme to Enhance Talent Training for the Asset and Wealth Management Sector (“the Pilot Programme”). The Scheme aims to enhance the competency and professionalism of in-service practitioners within the asset and wealth management sector and to assist other practitioners within the financial services industry in acquiring the knowledge and skills required for entering the sector. Eligible applicants will be subsidised 80% of the course fees by the HKSAR Government upon satisfactory completion of the courses approved by Hong Kong Securities and Investment Institute, subject to a ceiling of HK$15,000. Hong Kong Securities and Investment Institute is appointed as the implementation agent of the Pilot Programme. Regarding the details of eligible criteria and application procedures, please refer to the dedicated web-site of the Pilot Programme (https://www.wamtalent.org.hk/).