The revised Fund Manager Code of Conduct (“FMCC”) which came into effect on 17 November 2018 requires that a Fund Manager to perform a periodic review (at least annually) of their valuation policies, procedures and processes. This review should be performed by a competent and functionally- independent third party.
As fund managers’ fees are typically charged based on the fund’s valued asset size, this requirement serves to mitigate any conflict of interest.
What should fund managers do to comply with this requirement?
The objectives of this course is to give a brief introduction of the independent valuation process review requirements as required by the FMCC and the practical aspects and difficulties during the review process.
This course will cover the following:
1. Brief introduction of the independent valuation process review requirements
2. Review process on different types of products and portfolio
3. Practical considerations of engaging 3rd party or internal resources for the review
4. Practical difficulties encountered during the review process
Who Should Attend
Fund managers, asset managers and those interested in a review of its valuation policies, procedures and process
Instructor / Speaker
He is now a Principal in Risk Advisory Practice of BDO in Hong Kong, managing internal control review, internal audit, corporate governance, risk management and other assurance projects for local, regional and international clients. Prior to joining BDO, he was the Head of Risk of a listed aircraft leasing company with operations in Asia, Europe and America. He also worked in a large international accounting and advisory firm as head of department. Peter is a frequent speaker on new developments in the financial service industry.
Peter is a Fellow of the Hong Kong Institute of Certified Public Accountants, a Fellow of Institute of Chartered Accountants in England and Wales and a certified FRM of Global Association of Risk Professionals (GARP).