(Webinar via Zoom) Introduction to the SFC codes and guidelines that are applicable to fund managers in Hong Kong and how they impact fund documents |
Date: |
22 October 2024 (Tuesday) |
Time: |
2:30pm - 5:45pm |
Level: |
I (Intermediate) For delegates who have prior knowledge of the subject area |
Language: |
English |
Fee: |
HK$ 1,850 |
Accreditation: |
(3 CPD Points will be applied for) |
Ref: |
L24SF02 |
Venue: |
Webinar Course
|
Presenter's Biography:
Willa Chan is a Hong Kong qualified funds lawyer and the Founding Principal of Willa Legal, an award-winning trusted boutique Hong Kong law firm offering private investment funds related legal services. Willa strives to work and partner with clients, friends and the industry stakeholders to build a friendly, mature and efficient ecosystem for the private fund sector.
Willa advises and represents Chinese, Hong Kong and international fund sponsors, asset managers, financial institutions and family offices on establishing, structuring and restructuring funds, discretionary accounts and other collective investment schemes of different investment strategies (e.g. hedge, private equity, venture capital, distressed asset, credit, art, etc.) and in various forms (e.g. Hong Kong Limited Partnership Fund (HKLPF), Hong Kong Open-Ended Fund Company (HKOFC), Cayman Islands Segregated Portfolio Company (Cayman SPC), Cayman Islands Exempted Limited Partnership, Cayman Islands master-feeder structures etc). Willa also advises, structures and documents seed investments, revenue sharing and upstream shareholding arrangements, and represents fund investors in respect of their investments in various fund and investment products. Prior to founding Willa Legal, Willa had worked in top tier funds practice in a US white shoe firm and a PRC red circle firm.
Willa is the author of the Annotated Ordinances of Hong Kong: Limited Partnership Fund Ordinance (Cap. 637). She is the "Recommended Lawyer for Investment Funds" by Legal500 Hong Kong, the "Rising Star Partner in Investment Funds 2023" by IFLR1000, the Finalist of the "Young Lawyer of the Year Award" by Asian Legal Business (ALB) and "LexisNexis Women to Watch 2023" in recognition of her achievements, leadership qualities and passion in the legal industry (especially in the investment funds area).
Willa is also a chartered secretary and chartered governance professional. She is actively involved in government consultancy projects regarding the development of fund-related laws, regulations and policies and is a frequent speaker in corporate trainings and seminars hosted by various financial institutions, industry associations and universities. Willa graduated with honours with a Bachelor of Laws degree and is fluent in English, Cantonese and Mandarin. |
Objective:
To provide an overview on the SFC Codes and Guidelines that are applicable to fund managers in Hong Kong and discuss the main compliance considerations when drafting fund documents. |
Outline:
- Under what circumstances do SFC codes and guidelines apply to a fund manager?
- What is a "client" of fund manager? Is the "client" the fund or the fund investors? How important is such an analysis?
- What are the SFC code and guideline-triggered disclosure requirements applicable to fund documents? How do they affect how the fund managers and the funds operate?
- What exemptions are available to fund managers when dealing with professional investors?
- What are the penalties when fund managers do not comply with SFC codes and guidelines?
|
Category: |
Regulatory & SFC Compliance |
|
Bookings & Payments
To reserve a seat, please fax the completed booking form to us. We will send out a written Booking Confirmation either by fax or by email to confirm your booking, normally within 48 hours after receiving the booking form. Payment should be made upon we send the Booking Confirmation to you, or together with the booking form if the booking is received within seven (7) days of the course. You are advised to contact us to confirm your place if you have not received the Booking Confirmation prior to the commencement of the course.
Cancellation
In case of cancellation of a booking, you must inform us in writing at least seven (7) days before the date of the course, and a full refund will be issued (less of HK$300 administration fee). Cancellation of unpaid bookings will incur a HK$300 administration fee and the cancellation will not be deemed effective until payment of such fee is received. No refunds will be given and any outstanding amounts remain payable in full if the written notice of cancellation is made less than (7) days before the date of the course.
Transfer
If you cannot attend a booked course, you must inform us in writing at least 24 hours before the commencing time of the course. You may then:
- Transfer the booking to a replacement delegate;( Not available for Individual Discount Packages)
- Transfer your booking to another course, to be held before 31 October 2024; or
- Request a credit voucher, to be used on another LexOmnibus CPD course to be held before 31 October 2024.
No attendance
Once a booking is confirmed and no written notice of cancellation is received by us within the specified time as mentioned above, if a delegate has not settled the payment for a course and fails to attend, for whatever reason, the course fee will remain payable in full. To be awarded CPD points, full attendance of all parts of the conference is required. If you arrive later, or fail to attend a course, your course fee will not be waived, refunded or a credit voucher issued.
Weather
In the event that the No.8 typhoon signal is hoisted or the Black Rain Storm warning is raised within 2.5 hours of the course or is due to be raised during the course, the course will be cancelled. In the event of cancellation due to bad weather, the course will be rescheduled or a credit note issued. No refunds will be given.
Record of Attendance
A certificate of attendance can be provided at a cost of HK$40. Alternatively, a verification of attendance in letter format, along with the original payments receipt is available, at a cost HK$40. Please apply in writing to request either a certificate or verification letter subsequent to the course.
Conference Venue
All the conferences, except webinars, will be taken place in either Central or Admiralty. The address of the conference venue will be notified by email, and via the website.
Other Terms
- We may reschedule, vary the details of a course at any time without liability. If we cancel or reschedule the course, except due to the weather conditions indicated, a credit note will be issued.
- Any bank charges and/or expenses incurred as a result of bounced cheques shall be borne by the delegates.
- LexOmnibus will not issue an invoice for registration of a course except under special circumstances and LexOmnibus reserves the right to charge an administration fee for providing that service.
|
|