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Trust Training Certificate Examination

           

The Hong Kong Trustees’ Association Limited (HKTA) launched Certified Trust Practitioners (CTP) accreditation program in Hong Kong to develop talent, set professional standards within the trust and fiduciary services industries. The HKTA has partnered with the Hong Kong Securities and Investment Institute (HKSI Institute) to introduce the Trust Training Certificate (TTC). An individual who complete both TTC Course and Examination will be awarded the TTC. TTC Examination is the qualifying examination specified by the HKTA as meeting the registration requirements to be a Certified Trust Practitioners (CTP).

Prerequisites

Individuals are required to complete all seven units of corresponding TTC Course within three years, counting from the first unit attended up to five working days before sitting the examination.

 

TTC Course Part A
  • Course Units: Unit 1 – Unit 7
  • Corresponding Examination Paper: TTC Examination Part A
TTC Course Part B - Stream 1
  • Course Units: Unit 8 – Unit 11, Unit 13, Unit 17 and Unit 19
  • Corresponding Examination Paper: TTC Examination Part B - Stream 1
TTC Course Part B - Stream 2
  • Course Units: Unit 11 and Unit 17 – Unit 22
  • Corresponding Examination Paper: TTC Examination Part B - Stream 2

 

Applicants cannot sit the corresponding examination if they are unable to meet the enrolment prerequisites for the TTC Examination.* The HKSI Institute will automatically withdraw their examination enrolment application prior to the examination date and provide a partial refund of their examination fee(s). This refund will exclude a non-transferable and non-refundable administration fee for vetting, processed within 30 days of the examination date.

* Please refer to its website for details of the Policies and Procedures for CPT Training Courses and Events.

Important Note: Applicants who have completed any TTC Course (Part A before March 2024 or Part B before June 2024) under the previous syllabus are not eligible to attempt the examination paper under the new syllabus (version 2.0) after July 2024.

Examination Details and Fees

Syllabus (version 2.0):  
Part A: click here
Part B [Stream 1: Private Trust]:  click here
Part B [Stream 2: Collective Investment Schemes (CIS) / Retirement Schemes]: click here


Format: Multiple-choice question (MCQ)
Examination Question Language: English
Number of Questions: 60
Duration: 90 minutes for each paper
Pass Mark: 70% for each paper
Mode: Computer-based Examination (CBE)
Examination System and Interface Language: Examination Simulator; English 
Examination Venue: Hong Kong Examination Centre (Examination Day Flow)
Frequency*: Twice a year, with one retake examination available for each session
Examination Fees: HKD2,200 for each paper 

 

* For the examination dates and application deadlines, please click here. Please note that enrolment is on a first-come-first-served basis. 


The retake examination is scheduled to take place one month after the initial examination, with enrolment starting on the day after the initial examination.

Study Support
Training Course

TTC is a core component of achieving the HKTA CTP designation. The TTC Course consists of Part A and Part B. Candidates needs to attend the relevant training course to sit the examination for Part A or B respectively. HKSI Institute has offered TTC training course for candidates. Each session of the TTC Examination will be based on the study manuals from the latest TTC training course.


Please refer to its website for details.
Study Materials
  • Candidates, who enrolled for TTC Examination, can download study materials (i.e. training’s materials of the latest intake) via the “Upcoming Activity” tab in the Online Portal / "Downloads" tab in the "Menu" of the HKSI Institute Mobile from the enrolment date until the examination date of the examination, subject to availability.
  • Please check our website for the details of TTC Course.
Examination Question Format

Multiple Choice Questions (MCQs)

The MCQs will have four alternatives to choose from where one is the correct or best answer. All questions are equally weighted and there is no penalty for an incorrect answer.

Example 1

What is the purpose of a Special Trusts Alternative Regime (“STAR”) trust?

A. To provide a non-charitable purpose trust which could benefit persons and purposes
B. To allow for trusts whereby settlors could still manage the underlying operating companies
C. To allow for trusts which have a perpetuity period of 150 years 
D. To allow for trusts that are perpetual

Example 2

What are the mechanisms put in place by the Mandatory Provident Funds Authority (“MPFA”) to protect members of MPF Schemes in Hong Kong?

I.   Approval and registration of the trustees
II.  Capital adequacy of the trustees
III. Fitness and propriety test of the controllers of the trustees
IV. Indemnity insurance by the MPFA

A. I and III only
B. II and IV only
C. I, II and III only
D. I, II, III and IV


Certificate
  • To be awarded the Trust Training Certificate, individuals are required to complete
    • all seven units of corresponding TTC Course with three years, counting from the first unit attended up to five working days before sitting the examination; and
    • the Part A and Part B of TTC Examination within six years from the date of the first class of TTC course.
  • The aforesaid six-year completion period will NOT be extended under any circumstances.
  • Certificates that are not collected within six months of the date of notification of collection will be destroyed. Candidates should keep their certificates safely, since the HKSI Institute will NOT reissue certificate.
Requirements for Certified Trust Practitioner (CTP)

Candidates who have completed Trust Training Certificate (TTC) Course and Examination will also need to fulfil the HKTA's "CEM" “Certification, Experience and Membership” requirements before they are obtained Certified Trust Practitioner (CTP) designation.

For details of the requirement for CTP designation, please refer to the HKTA website.

Policies

Before enrolling for the examination, you must read and understand all the policies set by the HKSI Institute. During the enrolment process, all candidates are required to agree to abide by these policies, which are updated periodically.

Frequently Asked Questions

You can find frequently asked questions about examination below or click here for other questions.

    1. Why are some examination sessions visible on the HKSI Institute website's Examination Schedule but not found in ProScheduler?
    2. Why I can only choose the examination session within the two weeks being shown in ProScheduler?
    3. Who should I contact if I encounter issues while scheduling an examination session through the "ProScheduler" platform?
    4. I have not completed all seven units of the TTC course, but studied all materials. Can I still take the examination?
    5. What are the key points to keep in mind on the examination date?
    6. On the examination day, if I am unable to attend, can I request a reschedule or seek a refund?

 

 

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