Paper 14: Regulation of Asset Management

What this paper covers

Paper 14 — Regulation of Asset Management — is a Regulation Paper in the HKSI Licensing Examination, focused on the statutory provisions, compliance duties and Code of Conduct application for the relevant business.

Key topics

• Licensed scope and regulatory framework for asset management
• Compliance requirements for discretionary investment management
• Conduct and conflicts of interest requirements for fund managers
• Client asset custody and valuation disclosure requirements
• Performance reporting and fee disclosure standards

The list above is an indicative summary. The authoritative chapter structure and weighting follow the latest HKSI Institute study material.

Who needs to take this paper?

Typically required for those engaged in RA 9 (Asset Management).

For the complete RA-to-paper mapping, professional qualification exemptions and detailed requirements per Regulated Activity, refer to the HKSI Institute official LE page.

Study approach

Regulation papers reward precise reading of statutory wording, definitions and exceptions. Scan the HKSI Institute study material outline first to build a classification framework, then use practice questions to verify recall on fine detail. Paper 14 and its companion practice paper reinforce each other — study them in tandem.

Anchor your preparation on the official HKSI Institute study material and reinforce with repeated practice questions to internalise the answer logic for each question type.