Main content start
Change.每天多學一點 改變.可大可小

Accounting & Finance Finance and Compliance

Executive Certificate in Fund Administration and Regulatory Compliance

Course Code
Application Code
Study mode
Start Date
21 Sep 2023 (Thu)
Next intake(s)
Mar 2024
30 hours
Course Fee
HK$8800 per programme
Deadline on 31 Jul 2023 (Mon)
2867 8312
2861 0278
Apply Now

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

On completion of the programme, students should be able to

  1. explain the functions of regulatory compliance framework in fund administration in HK;
  2. examine the regulatory, legal and reputational risk factors in fund administration and operations;
  3. discuss the professional practices in fund valuation and fund accounting;
  4. analyse the regulatory landscape of investment products in the GBA cross-boundary wealth management pilot scheme.


About The Association of Fund Administrators of Hong Kong and the Greater Bay Area AFAHKGBA

The Association of Fund Administrators of Hong Kong and the Greater Bay Area (AFAHKGBA) was set up in 2019 with the mission to promote the best interests of fund administrators in Hong Kong and the Greater Bay Area (GBA) at the time of building the region as an asset management hub.

AFAHKGBA is the regional association of fund administration professionals that sets the standard for professional excellence and credentials. The aim is:

  1. to promote fund administration industry;
  2. to support and develop fund administration industry for Hong Kong and the Greater Bay Area’s development as an asset management hub;
  3. to address the requirements and goals of asset managers, asset owners and fund administrators with regulators and other industry bodies;
  4. to define the best practice through the development of industry policy, guidance papers, technical briefings and research;
  5. to develop professional training courses and seminars in fund administration.
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 fund industry in the Greater Bay Area (GBA)
  • Current development of environmental, social and governance (ESG) and digital 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 Commission Ordinance (SFO) 
  • Role and functions of Securities and Futures Commission (SFC)
  • Overview of fund administration and regulatory compliance
  • Types of fund documentation and reports in HK 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.

Executive Certificate will be conferred to candidates who have achieved at least 70% attendance as well as attain pass grades of the programme.





Principal Speaker:

Mr. Raymond Chung
The General Manager of the Association of Fund Administrators of Hong Kong and the Greater Bay Area

Raymond has over 30 years of experience in securities services, fund management, and brokerage industries gained from global financial firms including HSBC, UBS and Nomura.  Raymond’s last job was in HSBC Securities Services as the Regional Head of Sales Enablement responsible for managing multi-millions of sales deals including RFP, Pricing, Sales Pitch covering fund administration, middle office, global custody and sub-custody products as well as AML KYC/client onboarding.  Raymond holds MSc/MBA/BBus degrees. Raymond is also a fellow member of Hong Kong Securities and Investment Institute.


Mr Anthony Lo
Vice Chairman, AFAHKGBA

Anthony has joined Barings since 2018 and is now responsible for the client operations for Barings offices in Asia, including Australia, Hong Kong, Taiwan, China and Singapore.  Prior to this, he held operation and client services positions at Bosera Asset Management, State Street, HSBC and Fortis for almost 17 years.   

He graduated from The Hong Kong Polytechnic University and holds a bachelor degree in Accountancy and a LLM (Common Law) at The Chinese University of Hong Kong. He is also a CPA in Hong Kong and a fellow member of the Institute of Certified Public Accountant in the UK.


Ms Christine Wong

Committee Member, AFAHKGBA

Christine is the Head of Finance and Operations of Blue Pool Capital and she has over 20 years of experience in fund structuring, administration and operations in both asset management companies and service provider companies.  Before joining Blue Pool Capital, she was a Director at SHK Fund Management Limited in which she was responsible for setting up a Singapore branch and handling an onsite review carried out by the Monetary Authority of Singapore.   Prior to that, she was a Vice President at HSBC Alternative Fund Services and a Manager at Fortis (Hong Kong) Limited.  

She started her career as a Staff Accountant at Ernst & Young and then joined Morgan Stanley as a controller. Miss Wong received her bachelor’s degree in Business Studies and a master’s degree in Business Administration at City University of Hong Kong.    She is also an Associate Member of the Hong Kong Institute of Certified Public Accountants and a Fellow of the Association of Chartered Certified Accountants.



Application Code 2145-EP175A Apply Online Now
Apply Online Now

sep 2023 intake





21 Sep 2023 (Thu)

7:00 pm - 10:00 pm


28 Sep 2023 (Thu)


5 Oct 2023 (Thu)


12 Oct 2023 (Thu)


19 Oct 2023 (Thu)


26 Oct 2023 (Thu)


2 Nov 2023 (Thu)


9 Nov 2023 (Thu)


16 Nov 2023 (Thu)


23 Nov 2023 (Thu)



HKU SPACE Po Leung Kuk Stanley Ho Community College (HPSHCC) Campus (at Causeway Bay).

Applicants shall hold:

  1. a bachelor’s degree awarded by a recognized University or equivalent; or
  2. an Associate Degree/ a Higher Diploma or equivalent, and have at least 2 years of relevant work experience.

Applicants with other qualifications will be considered on individual merits.

Application Fee

HK$150 (Non-refundable)

Course Fee
  • Course Fee : HK$8800 per programme

Online Application Apply Now

Enrolment Method
Payment Method
1. Cash, EPS, WeChat Pay Or Alipay

Course fees can be paid by cash, EPS, WeChat Pay or Alipay at any HKU SPACE Enrolment Centres.

2. Cheque Or Bank draft

Course fees can also be paid by crossed cheque or bank draft made payable to “HKU SPACE”. Please specify the programme title(s) for application and the applicant’s name.. You may either:

  • bring the completed form(s), together with the appropriate course or application fees in the form of a cheque, and any required supporting documents to any of the HKU SPACE enrolment centres;
  • or mail the above documents to any of the HKU SPACE Enrolment Centres, specifying  “Course Application” on the envelope.  HKU SPACE will not be responsible for any loss of payment sent by mail.
3. VISA/Mastercard

Applicants may also pay the course fee by VISA or Mastercard, including the “HKU SPACE Mastercard”, at any HKU SPACE enrolment centres. Holders of the HKU SPACE Mastercard can enjoy a 10-month interest-free instalment period for courses with a tuition fee worth a minimum of HK$2,000; however, the course applicant must also be the cardholder himself/herself. For enquiries, please contact our staff at any enrolment centres.

4. Online Payment

Online application / enrolment is offered for most open admission courses (course enrolled on first come, first served basis) and selected award-bearing programmes. Application fees and course fees of these programmes/courses can be settled by using "PPS by Internet" (not available via mobile phones), VISA or Mastercard. In addition to the aforesaid online payment channels, continuing students of award-bearing programmes, if their programmes offer online service, may also pay their course fees by Online WeChat Pay, Online Alipay and Faster Payment System (FPS). Please refer to Enrolment Methods - Online Enrolment  for details.


  • If the programme/course is starting within five working days, application by post is not recommended to avoid any delays. Applicants are advised to enrol in person at HKU SPACE Enrolement Centres and avoid making cheque payment under this circustance.
  • Fees paid are not refundable except under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment), subject to the School’s discretion. In exceptional cases where a refund is approved, fees paid by cash, EPS, WeChat Pay, Alipay, cheque or PPS (for online payment only) will normally be reimbursed by a cheque, and fees paid by credit card will normally be reimbursed to the payment cardholder's credit card account.
  • 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 to the relevant programme team for details.
  • Fees and places on courses cannot be transferrable 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 HK$120 will be levied on each approved transfer.
  • Receipts will be issued for fees paid but HKU SPACE will not be repsonsible for any loss of receipt sent by mail.
  • For payment certification, please submit a completed form, a sufficiently stamped and self-addressed envelope, and a crossed cheque for HK$30 per copy made payable to "HKU SPACE" to any of our enrolment centres. 
More Programmes of
Finance and Compliance