Overview

This is Unit 18 of the "Trust Training Certificate" ("TTC") (version 2.0) training programme.

It consists of one module:
Module 20: Some commercial uses of trusts

For details on the topics to be covered, please refer to the 'Content' section below.

If you wish to register for the full TTC (version 2.0) Part B Stream 2 Training programme and Examination, click here. 

Objective

After studying this module students should be able to

1. Understand the structure and purpose of the various trusts (escrow, REITS, employee benefit, pre IPO, business trusts, employee share/option plan) and their uses.
2. Identify the various parties to each of these trusts and explain what their role is.
3. Explain when these various types of trusts are needed and the circumstances under which each would be a suitable vehicle for a client.
4. Be able to list any key elements that must be present for these different types of trusts
5. Be able to list the advantages of Pre IPO Founder trusts
6. Understand and explain how employee share and option plans are structured, their advantages and the tax and reporting implications.

Content

This Module concentrates on trusts for broader commercial uses which include:-

1.      Trusts as escrow arrangements

2.      Trusts to provide for security – “Quistclose Trusts” Security Trustee & Bond Trustee Arrangements

3.      Trusts for security in litigation/court cases/mediation

4.      Business trusts

5.      Real Estate Investment Trusts (REITS)

6.      Employee benefit trusts

7.      Medical scheme trusts

8.      Pre IPO founder share trusts

9.      Employee share/option plan / trusts and their structure and tax implications

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/).

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