Executive Certificate in Finance and Compliance - HKU SPACE: Finance and Compliance courses
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Accounting & FinanceFinance and Compliance

Executive Certificate in Finance and Compliance

Course Code
Application Code
Study mode
Start Date
29 Aug 2020 (Sat)
Next intake(s)
Aug 2020
4 months
How to Apply
Deadline on 18 Aug 2020 (Tue)
2867 8392
2858 4750

The demand for financial compliance professionals grows with new compliance and regulation standards in Hong Kong. This programme aims to equip students with latest knowledge in financial compliance in banking and asset management. Executive Certificate in Finance and Compliance is regularly updated to respond to current changing regulatory landscape.


Dr. Lam Yat-fai 

Dr. Lam Yat-fai is the Principal, Structured Products Analytics, CapitaLogic Limited and Adjunct Professor of Finance, City University of Hong Kong.  He graduated from City University of Hong Kong with a Doctor of Business Administration degree in finance and holds the CFA, CAIA, FRM and PRM professional designations.  Dr. Lam has worked for bank regulator, sovereign wealth fund and international banks, specializing in the areas of structured products, anti-money laundering and credit risk management.


Dr Law Man Wah Norman

Dr Norman Law obtained his Bachelor of Business Administration degree from the Chinese University of Hong Kong, MBA degree from Brunel University, MSc in Finance from the City University of Hong Kong, Master of Business in Accounting from Monash University, and Doctor of Business Administration from the Hong Kong Polytechnic University. He also holds Certified Management Accountant (USA), Certified Banker and Certified Financial Management Planner professional designations. Dr Law is an experienced banker, and was Deputy General Manager and Director of Nanyang Commercial Bank Limited and Head of Financial Management (General Manager) of Bank of China (Hong Kong) Limited. He is currently an independent non-executive director of SH Group (Holdings) Limited, a company listed on the main board of Hong Kong Stock Exchange. He also teaches management accounting in a local university on part-time basis.



The Executive Certificate in Finance and Compliance programme aims to equip students with latest knowledge in compliance issues for professionals working in asset management companies and banking institutions. It focuses on satisfying the regulatory and compliance requirements as determined by the legal framework in Hong Kong as well as teaching state-of-the-art practices in managing key risks faced by bank and asset management companies.

On completion of the programme, students should be able to:

  1. Apply the theories of the role of financial regulation and compliance and adopt the best practices in the financial services sector;
  2. Evaluate how the regulatory framework and the regulatory bodies affect the compliance requirements of banks and asset management companies in Hong Kong;
  3. Assess the risks involved in the commercial banking industry and apply the knowledge, skills and the best practices to establish an effective control system to minimize these risks; and
  4. Apply the theories of regulatory framework to establish procedures and systems that will satisfy the compliance requirements of the relevant regulatory bodies in Hong Kong.

Module Outline

Module 1: Financial Regulations and Compliance      

1. Theoretical and applied aspects of the role of regulation and compliance in the financial services sector; Rationale for financial regulations and compliance; Type of regulation

2. Compliance principles; independence and conflicts of interest; resources and responsibilities; internal audit; cross border issues

3. Regulatory framework and process

4. Overview of regulation of Hong Kong financial industry

5. Supervision, controlled functions, customer due diligence

6. Scope of Securities and Futures Commission Ordinance (SFO); role and function of Securities and Futures Commission (SFC)

7. Regulation, licensing, registration and administration functions of SFC; Hong Kong Securities Institute (HKSI)

8. Hong Kong Exchange (HKEx)

9. Hong Kong Banking Ordinance and Hong Kong Monetary Authority (HKMA); role of HKMA in supervision of Hong Kong banking institutions

10. International banking standards and Basel capital accords

11. Principles of relevant banking laws and the Companies Ordinance

12. Market Misconduct; Market Misconduct Tribunal; improper trading practices, disclosure standards and compliance

13. Social responsibility and ethical issues

14. Anti-money laundering controls; terrorist financing; insider dealing & prevention of financial crime

15. Current issues of the Hong Kong financial regulations and compliance


Module 2: Compliance in Banking and Wealth Management   

1. Regulation under Hong Kong Monetary Authority – Banking Ordinance

2. Key sections of Banking Ordinance

3. Supervisory Approach (Risk-based supervisory approach + Outsourcing)

4. Code of Conduct

5. Statutory Guideline – Internal Control (include stress-testing); Capital Adequacy; Credit Risk Management; Liquidity Risk Management

6. Guidance Note – Operational Risk Management; Interest Rate Management; Technology Risk Management (include supervision of e-banking)

7. Compliance requirements in trade finance and RMB business

8. Statutory Guideline – Securities and leveraged foreign exchange business

9. Know your customer (KYC) and customer due diligence (CDD) compliance

10. Anti-Money Laundering(AML) compliance requirement in banking and wealth management

11. The role of Financial Action Task Force (FATF), IMF, European Commission and UN in AML

12. Statutory Guideline- Corporate Governance of Locally Incorporated Authorised Institutions

13. Guidance note – Credit Card Business; Reputation Risk Management and Wealth Management

14. Foreign Account Tax Compliance Act (FATCA)


Module 3: Compliance in Asset Management         

1. Regulatory requirements in asset management; SFC’s licensing and registration regime

2. Code of Conduct for Persons Licensed by or Registered with the SFC

3. Management, Supervision and Internal Control Guidelines for Persons Licensed by or Registered with the SFC

4. Personal Data (Privacy) Ordinance; Money laundering and terrorist financing in asset management

5. Back-Office Compliance

6. SWIFT over Bloomberg

7. Fund Manager Code of Conduct

8. Authorization of Collective Investment Schemes (“CISs”); Investment requirements for CISs; Ongoing requirements for CISs

9. SFC’s special requirements for asset management industry

10. SFC’s supervisory regime for trustees; custodians and investment companies

11. Authorization, investment and ongoing requirements for MPF products

12. Market misconduct and related offences under the Securities and Futures Ordinance

13. Case studies on malpractices and improper trading


Assessment Criteria

Each module will be assessed by one individual written assignment. All assessments will be in English.

Attendance Requirement

Student are required to achieve at least 70% in attendance for each module to complete the whole programme.


Aug 2020 Intake Schedule

Venue: Causeway Bay/ Admiralty

Schedule is subject to change.**

Module 1: Financial Regulations and Compliance 





29 Aug 2020


3:00 p.m. – 6:00 p.m.


5 Sep 2020


3:00 p.m. – 6:00 p.m.


12 Sep 2020


3:00 p.m. – 6:00 p.m.


19 Sep 2020


3:00 p.m. – 6:00 p.m.


26 Sep 2020


3:00 p.m. – 6:00 p.m.

Module 2: Compliance in Banking and Wealth Management





24 Oct 2020


2:30 p.m. – 5:30 p.m.


31 Oct 2020


2:30 p.m. – 5:30 p.m.


7 Nov 2020


2:30 p.m. – 5:30 p.m.


14 Nov 2020


2:30 p.m. – 5:30 p.m.


21 Nov 2020


2:30 p.m. – 5:30 p.m.

Module 3: Compliance in Asset Management



Upon satisfactory completion of the whole programme, students will be awarded “Executive Certificate in Finance and Compliance” within the HKU System through HKU SPACE.

  • Duration: Approximately 4 months
    Lecture Hours: 15 hours per module
    Medium of Instruction: English

Applicants shall:

(a)    hold a bachelor’s degree awarded by a recognized university or equivalent; or

(b)   hold an Associate Degree/ a Higher Diploma or equivalent, and have at least 2 years of work experience; or

(c)    hold relevant professional qualifications.

Applicants with other qualifications and substantial senior level work experience will be considered on individual merits.

Application Fee

HK$150 (non-refundable)

Course Fee
  • HK$2500 per module
  • HK$7500 per programme

Application Form Application Form

Enrolment Method

1. Complete the application form.

2. Submit the application form with the following documents:

(a) CERTIFIED TRUE COPIES of all relevant academic and/or professional qualifications (please also bring along the originals of these documents for certification at HKU SPACE enrollment center);

(b) copy of HKID card / passport and visa (if applicable); and

(c) a non-refundable application fee of HK$150 by credit card / by crossed cheque made payable to “HKU SPACE”.


The complete set of application forms with all relevant supporting documents may be submitted in person to any HKU SPACE enrollment centers.

Applicants may also pay the course / application fee by VISA or Master Card including "HKUSPACE Master Card" at any HKUSPACE enrolment Centre.

** Double-sided printing is much appreciated**

Payment Method


  1. Fees paid are not refundable except under very exceptional circumstances, subject to the School's discretion.
  2. In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries of the relevant subject area for details.
  3. Fees and places on courses cannot be transferred from one applicant to another. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of $120 will be levied on approved transfers.
  4. Receipts will be issued for fees paid but HKU SPACE will not be responsible for any loss of receipt sent by mail.
  5. For additional copies of receipts, please send a stamped, self-addressed envelope with a completed form and a crossed cheque for $30 per copy made payable to "HKU SPACE". Such copies will normally only be issued at the end of a course.
  6. Classes are expected to be held at HKU SPACE learning centers. The health and safety of our students is our top priority. If the situation in Hong Kong requires, HKU SPACE reserves the right to move some classes to other locations, including online teaching platforms.