Capital Market Director Programme

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Module 2B: Business Challenges and Regulatory Expectations

Scope of Coverage

  • Nature of fund management business, including
  • Shifting trends competitive changes;
  • Updates on latest changes of regulations/guidelines relevant to the industry
  • Overview of the expected skillset of directors to understand the nature, conduct and performance of fund management business, including
    • Duties to clients;
    • Duties in relation to risk management issues, especially regulatory risk and operation risk;
    • Key internal controls;
    • Types of investment assets and funds and their risk profiles; and
    • Performance benchmarking and evaluation.
  • Challenges in the operations, systems and procedures to meet the expectations laid out in the applicable SC Guidelines with particular reference to the following areas of
    • Investment management agreement;
    • Records and segregation of functions;
    • Insider and/or price sensitive information;
    • Real or perceived conflicts of interest situations;
    • Market misconduct, including front running and churning;
    • Issues of sales practices of unlisted capital market products;
    • Business continuity plan;
    • Compliance function and compliance officers;
    • AML/CFT framework
 

Learning Outcomes

At the end of the programme, participants will be able to: 
  • Identify and discuss the nature, challenges and opportunities in the fund management business;
  • Evaluate the relevant provisions in the applicable guidelines that directors of licensed intermediaries need to be cognizant of;
  • Assess the challenges facing directors of fund management companies in overseeing the application of and conformance with the applicable guidelines;
  • Exercise judgement appropriately in dealing with issues of business challenges and regulatory expectations brought to the attention of the board.