Overview

This is Unit 20 of the "Trust Training Certificate" ("TTC") (version 2.0) training programme.

It consists of one module:
Module 22: Collective Investment Schemes – Part 2 Public Offering Arrangements

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

At the end of the Module, candidates should be able to

1. explain the differences between UT’s, OFC’s and MF;
2. be able to list the parties required for these public CISs;
3. explain in depth the role of Trustees/Custodian and other parties for a public CIS;
4. understand the regulatory regimes in Hong Kong for UT’s and OFC’s; and
5. be aware of non-Hong Kong funds (such as funds from the Cayman Is- lands, Luxembourg, and Ireland) which are offered to the Hong Kong public.

Content

This Module provides an overview of collective investments schemes (“CIS”, or generally referred to as a “fund”) which are offered to the Hong Kong public:

• The Module first explains the Hong Kong specific regime for “funds” (being unit trusts (“UTs”) or open-ended fund companies(“OFCs”)) authorized by the Securities and Futures Commission (“SFC”) in Hong Kong and compared with mutual funds (“MF”)
• Information regarding the structures, restrictions and key operators of the unit trusts, OFCs and mutual funds
• Comparison with non-Hong Kong funds which are offered to the public.

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.