Offshore Funds Conference 2016 – Day 2

In the years since the financial crisis, financial regulators in major jurisdictions have undertaken major initiatives to address issues identified in the financial crisis. The fund industry is increasingly facing more regulatory reforms and must keep abreast of upcoming and current legal, regulatory, tax and accounting developments and changes. Further, the recent announcement of the Mutual Fund Recognition for Mainland & Hong Kong Funds presents an unprecedented opportunity for the fund management industry in Hong Kong.  This conference will address new opportunities and challenges as well as updates on structural, regulatory, tax, accounting and operational issues for offshore funds.

For information on Day 1 of the conference click HERE.

Speakers

Speaking Opportunities

Programme

09:00

 

 

 

 

 

 

 

 

 

 EU Regulatory Update / New developments in Luxembourg

  • UCITS regulatory update ;
  • Implementation of UCITS V, current status (sanctions regime, depositary regime, remuneration policy) ;
  • AIFMD regulatory update ;
  • Extension of AIFMD passport to third countries ;
  • Other fund-related updates (PRIPS, MIFID II, ELTIF, etc.) ;
  • New developments in Luxembourg (UCITS, AIFMD, new structures, i.e. LP and RAIF, reform of company law, etc.)

Brian Gillot, Liaison Investment Funds / PERE, Arendt & Medernach
   
10:00 Tea / Coffee Break
   
10:15

 

 

 

 

 

 

 

 

 

 

 US Regulatory Update

  • Cybersecurity
  • OCIE examination priorities 2016
  • SEC remote examinations
  • Possible amendments to definition of accredited investor
  • Investor due diligence on hedge fund managers
  • Performance advertising
  • Dealing with trading errors
  • Conflicts of interest
  • Valuation of illiquid securities
  • Penalizing employee wrongdoing
  • Automated trading strategies
  • Withholding law applicable to non-US hedge funds

Scott Peterman, Partner, Jones Day
Soo Jung Choi, Associate, Jones Day
   
11:15

 

 

 

 

 

 

 Panel Discussion: Implementing the Common Reporting Standard (CRS) and FATCA

Moderator: Wilson Cheng, Partner, Ernst & Young

Panelist: Patrick Yip, Partner (International Tax), Deloitte China
Christopher Knight, Counsel, Akin Gump Strauss Hauer & Feld
Jason Pearce, Area Manager, Hong Kong & NE Asia, Old Mutual International
   
12:30 Lunch
   
14:00

 

 

 

 

 

 

 

 

 

 

 Korean Regulatory Update  

  • Overview of Korean Funds Market as it is Currently in the Process of Meaningful Transformation
  • Fund Structuring Issues for Private Equity Funds in Korea
  • New Regulations concerning Hedge Funds Industry in Korea
  • Offer & Sale of Offshore Funds to Korean Investors Regime
  • Cross-Border Discretionary Investment Management (DIM) and Investment Advisory (IA) Regime
  • Tax update – Korea HK Tax Treaty
  • Korean tax residency rules
  • New Korean tax residency rules

 

Alex Yang, Partner, Kim & Chang (Hong Kong)
   
15:15 Tea / Coffee Break          
   
15:30

 

 

 The Cayman Islands new Limited Liability Company Regime

Ann Ng, Partner, Maples & Calder
   
16:30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Fund Restructuring Issues

  • Reasons for Restructuring Funds
    • “Zombie Funds”
    • Liquidity
    • Unprofitable for manager / High Water Marks
    • Distress
    • Investor complaint or demand
  • Different restructuring structures
    • Rolling into a new fund structure
    • Secondary sales
    • Mergers
    • Management consolidation – new management company
    • Side Pockets
    • Wind Down
    • Liquidation
    • Extensions to term of Fund
  • Issues
    • Consents from investors
    • Change of M&A or LPA

Joanne Collett, Partner, Walkers
Mark Cummings, Partner, Walkers
   
17:30 End

Accreditations

This conference can qualify for CPD / CPT / CE requirements for the following professional bodies / professions:

Day Two – Thursday, 27 October 2016

  • The Law Society of Hong Kong
    6.5
  • The Law Society of British Columbia
    6.5
  • The Securities and Futures Commission of Hong Kong
    6.5
  • The Chartered Financial Analyst
    6.5
  • Institute of Financial Planners Hong Kong
    6.5
  • International Compliance Association (ICA)
    6.5

Fees and Discounts

Day 1 or Day 2 only
Both Day 1 and Day 2
Regular fee
HK$7,500
HK$12,000
(20% off per person)
Special Discount
HK$4,800
(over 35% off per person)
HK$8,800
(over 40% off per person)

To enjoy the special discount of attending both days at HK$8,800, simply key in the discount code “paofc2days” when you check out and click add coupon.

Registration Conditions

To view our registration conditions click HERE.