Program Overview

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Programme Overview

The programme offers an overview of investment fund structures, strategies, regulations and fund administration from front-end to back office operations. The programme takes an integrated approach to fund administration and the regulatory landscape in asset management. It also covers the current developments of fund regulatory compliance in the Greater Bay Area.

Highlights

• Explain the functions of regulatory compliance framework in fund administration in Hong Kong
• Examine the regulatory, legal and reputational risk factors in fund administration and operations
• Discuss the professional practices in fund valuation and fund accounting
• Analyse the regulatory landscape of investment products in the Greater Bay Area Cross-boundary Wealth Management Connect Scheme

Programme Details

The total number of contact hours is 30 for the entire programme.

Overview of investment fund industry in Hong Kong and Greater Bay Area

• Different structures and strategies of investment funds, fund of funds and structured products
• Roles and responsibilities of fund administrator, fund manager, custodian, prime broker, trustee and auditor
• Trends and landscape of the fund industry in the Greater Bay Area (GBA)
• Current development of environmental, social and governance (ESG) and crypto assets

Fund Administration and Operations

• Overview of different fund structures
• Legal structures and principle documents of fund administration of each structure
• Investor services and reporting obligations
• Custody services, trade capturing, reconciliation and global settlement environment
• Role and responsibilities of trustee
• Dividend payments, corporate entitlements, shareholder responsibilities
• Overview of fund valuation process and fund accounting
• Net Asset Value (NAV) computation process
• Concept of accruals and prepayments
• Concept of performance fee and its calculation methodology
• Key principles of financial statements in fund administration
• Tax treatment of different fund structures
• Role of auditor and its interaction with fund manager and fund administrator
• Concepts of Value Added Tax (VAT) in the context of fund structures
• Risks in fund administration – regulatory, legal, operational and reputational
• Identifying the risks in fund administration work flow

Fund Administration and Regulatory Compliance

• Rationale for financial regulations and type of regulation in fund administration
• Scope of Securities and Futures Ordinance (SFO)
• Role and functions of Securities and Futures Commission (SFC)
• Overview of fund administration and regulatory compliance
• Types of fund documentation and reports under Hong Kong regulatory framework
• Monitoring of fund investment policy
• Adherence to regulatory and client investment restrictions
• Know Your Customer (KYC) and Anti-money Laundering (AML) compliance requirements in fund administration
• Risk management, compliance monitoring and scenario analysis
• Current development of wealth management connect in GBA and HK
• Regulatory landscape of fund products in GBA
• Developments in fund administration compliance and ESG factors

Assessment method

Two individual assignments for the whole programme.

Award

Upon successful completion of the programme, students who have passed the assessment with attendance no less than 70% will be awarded within the HKU system through HKU SPACE a “Certificate for Module (Fund Administration and Regulatory Compliance)”.

Modules & Class Details

Class Details

Mar 2026 Intake - Tentative timetable

• Session 1: 26 Mar 2026 (Thu), 7:00 pm - 10:00 pm
• Session 2: 2 Apr 2026 (Thu), 7:00 pm - 10:00 pm
• Session 3: 9 Apr 2026 (Thu), 7:00 pm - 10:00 pm
• Session 4: 16 Apr 2026 (Thu), 7:00 pm - 10:00 pm
• Session 5: 23 Apr 2026 (Thu), 7:00 pm - 10:00 pm
• Session 6: 30 Apr 2026 (Thu), 7:00 pm - 10:00 pm
• Session 7: 7 May 2026 (Thu), 7:00 pm - 10:00 pm
• Session 8: 14 May 2026 (Thu), 7:00 pm - 10:00 pm
• Session 9: 21 May 2026 (Thu), 7:00 pm - 10:00 pm
• Session 10: 28 May 2026 (Thu), 7:00 pm - 10:00 pm

Teachers

Teacher Information

• Mr Raymond Chung: The General Manager of the Association of Fund Administrators of Hong Kong and the Greater Bay Area
• Mr Anthony Lo: Vice Chairman of the Association of Fund Administrators of Hong Kong and the Greater Bay Area
• Ms Christine Wong: Committee Member of the Association of Fund Administrators of Hong Kong and the Greater Bay Area

Fee & Entry Requirements

Fee

• Application Fee: Free
• Course Fee: HK$9600

Entry Requirements

• Applicants shall hold an Advanced Diploma, a Higher Diploma or an Associate Degree awarded by a recognised institution
• Applicants with other qualifications will be considered on individual merit

Application Method

• Online Application
• In Person / Mail

Payment Method

• Cash, EPS, WeChat Pay Or Alipay
• Cheque Or Bank draft
• VISA/Mastercard
• Online Payment

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