(Specific) Financial Products & Associated Risk Management

Trust Training Certificate (TTC) - Unit 2: Types of Trusts and When Appropriate (11th Cohort)


This eCourse will be accessible until 2 December 2023.

This is the Unit 2 of the training programme in pursuing the “Trust Training Certificate” (“TTC”).

This eCourse is based on the recorded webinar session held on 23 March 2021. For participants who plan to take the TTC Part A Examination in December 2023, please ensure you read the latest version of study guide and materials provided via the examination enrolment link.

In line with the Unit 2 study guide, this eCourse consists of 2 modules.
Module 4: Types of Trust and their uses
Module 5: Retention of Control


On completion of the course, you will be able to:
1. Recognise the common types of trusts for estate planning purposes
2. Recognise the common types of trusts for investment purpose
3. Recognise the common types of trusts for employee benefits purposes
4. Appreciate the limitations of certain jurisdictions for some types of trusts
5. Recognise the common types of trusts if retention of control is a key consideration of the Settlor
6. Explain how these types of trusts could provide for retention of control by the Settlor or others and why
7. Recognise which jurisdictions offer the solutions
8. Elaborate common applications e.g. reserve power trust, VISTA
9. Identify the problems with retention of control trusts

Content Highlight

Module 4: Types of Trust and their uses:
1. Protective Trusts
2. Charitable Trust
3. Non-Charitable Purpose Trust (“NCPT”)
4. Investment vehicle in form of a trust
5. Pension Trust
6. Employee Benefit Trust e.g. employee stock ownership plan (ESOP)
7. Discretionary (and Letters of Wishes)
8. Bare Trusts, Declarations of Trust, Two-party trust (Co-fiduciary Trust)
9. Fixed Interest
10. Revocable or irrevocable
11. Resulting Trusts / Constructive Trust

Module 5: Retention of Control
1. Reserved Power Trusts
2. Private Trust Company’s (PTCs)
3. Use of VISTA / LST / SISTA trusts in overview [with case studies]
4. Trust / Limited Partnership structure

Who Should Attend

The course is primarily targeted to those who would like to pursue the "Trust Training Certificate" in order to apply for the Hong Kong Trustees' Association Certified Trust Practitioner™ designation.

It is also relevant to those who would like to gain a solid understanding of the course subject matter and / or those who plan to enter the Trust industry sector.

Administrative Details

Relevant Subject
SFC:3.00, PWMA:3.00, HKTA:3.00