New Course introduced in 2024
As announced by the Hong Kong Government, a new Capital Investment Entrant Scheme (New CIES) has been launched with effect from 1 March 2024 to further enrich the talent pool and attract more new capital to Hong Kong. Under the New CIES, eligible collective investment schemes (Eligible CIS) are a type of permissible investment assets (under the category of permissible financial assets). The scope of Eligible CIS includes:
1. SFC-authorised funds managed by corporations licensed by or institutions registered with the SFC for Type 9 regulated activity;
2. SFC-authorised real estate investment trusts managed by corporations licensed by or institutions registered with the SFC for Type 9 regulated activity;
3. SFC-authorised Investment-Linked Assurance Schemes (ILAS) issued by insurers permitted to carry on Class C business as specified in Part 2 of Schedule 1 to the Insurance Ordinance (Cap. 41);
4. Open-ended fund companies (OFC) registered under the Securities and Futures Ordinance (Cap. 571) (SFO) and managed by corporations licensed by or institutions registered with the SFC for Type 9 regulated activity.
This training is to explain to SFC licensed corporations of the investment scope of this CIES and eligible investment types and some ongoing compliance obligations and filing requirements of OFC and other fund vehicles and some key compliance process and clients documentation to be in place for fund launches etc. covering areas as below:
Part 1 – Capital Investment Entrant Scheme – Key Investment Features and Requirements
Part 2 – Investment Vehicles & Structures (Hong Kong LPF & OFC)
Part 3 – Capturing the CIES Opportunity & Points to Note
To complete the training, you are required to answer 10 questions in the Assessment Test at the end of the training and have 6 questions answered correctly. Prior to taking the Assessment Test, you must watch the entire training video. Failure to do so may lead to cancellation of your Certificate of Completion.
**Please note that you are required to create an account with Thinkific, our Learning Management platform. Your Certificate of Completion will be issued using the name used to create the account. Therefore, please ensure that your official name is used when creating the account on Thinkific.**
For any queries, please email us at [email protected]. Thank you.