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 completed all seven units of corresponding TTC Course within three years, counting from the first unit attended to the examination date, before sitting for the examination.

TTC Course Corresponding Examination Paper
Part A Unit 1- Unit 7 TTC Examination Part A
Part B Unit 8 - Unit 11, Unit 13 -  Unit 14 and Unit 17 TTC Examination Part B - Stream 1
Part B Unit 11 and Unit 17 - Unit 22 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 withdraw their examination enrolment application automatically before the date of examination.

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

Examination Details

Examination Syllabus

Please download the Examination Syllabus.

Examination Structure

Candidates must attend all the units of each TTC Part A or Part B training course to sit for the examination.* The TTC Examination comprises two parts, Part A and Part B, and are conducted in paper-based mode. All examination papers will be offered in English and examination questions will be set in a multiple-choice format. Multiple-choice questions (MCQs) contain a stem and four (4) answer choices including only one (1) correct answer. Candidates will be required to answer all questions in each paper. The number of examination questions, examination duration and pass mark for the examinations are set out below:

Examination Paper No. of MCQs

Duration (minutes)

Pass Mark (%)

Part A   60 90 70
Part B  
Stream 1: Private Trust; or
Stream 2: Collective Investment Schemes (CIS) / Retirement Schemes
60 90 70


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

Study Support

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, candidates must complete the Part A and Part B of TTC Examination within six years from the date of the first class of TTC course.

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.

Examination Schedule and Fee
Examination Paper Examination Date and Time Enrolment Deadline Release of Examination Results Examination Fee (HK$)
Part A  Not applicable Not applicable Not applicable 2,000
Part B (Stream 1 or Stream 2) 13 July 2019 (Sat)
11:30 - 13:00
25 June 2019 (Tue) Approximately ONE Month after the examination 2,000 for either stream

Notes

1. Enrolment is on a first-come-first-served basis.
2. The dates and times shown in this timetable refer to the dates in Hong Kong and the Hong Kong Standard Time as announced by the Hong Kong Observatory.
3. The timetable and fee are subject to change without prior notice.

 

Qualification