Asset Management Asia Seminar



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7th Annual Asset Management Asia Seminar Legal, Regulatory and Compliance Issues 13-14 September 2012, The Fullerton Hotel Singapore Understand the regulatory framework and recent developments for investment and fund management in mainland China, Singapore,, South Korea, Taiwan, Japan, Malaysia, Thailand, Indonesia and Luxembourg Learn about establishment and management issues of offshore Receive updates on securities investment and RMBdenominated in China Explore regulatory development in Islamic asset management And more... Presented in association with: Ali Budiardjo, Nugroho, Reksodiputro Arendt & Medernach ComplianceAsia Conyers Dill & Pearman Dechert LLP Kim & Chang LS Horizon Russin & Vecchi Shook Lin & Bok LLP Sidley Austin LLP Simmons & Simmons Wong & s Endorsed by: Special promotional rate for both IMAS and HKIFA members save US$710! Secure your place! Register before 16 August 2012. www.euromoneytraining.com/assetasia

Keeps me up-to-date with the changes to various regulation around the world Past delegate, Fullerton Fund Management WHO SHOULD ATTEND? Compliance and risk managers in asset management companies, banks, corporate and financial institutions Prime brokers and fund management service providers Fund managers and distributors Hedge fund managers Investment fund managers In-house legal counsel and advisors Lawyers Pension fund trustees Capital market managers Regulators Euromoney Legal Training is pleased to bring you our 7th Annual Asset Management Asia Seminar covering legal, regulatory and compliance issues. The Seminar will examine recent developments in fund management, unravel regulatory issues, and identify emerging compliance and risk management challenges in the fund management industry. Experienced industry experts and practitioners will present today s hottest issues on investment management in Asia and the related regulatory framework. This programme is held in association with the following leading institutions: Ali Budiardjo, Nugroho, Reksodiputro, Arendt & Medernach, ComplianceAsia, Conyers Dill & Pearman, Dechert LLP, Kim & Chang, Russin & Vecchi, Shook Lin & Bok LLP, Sidley Austin LLP, Simmons & Simmons, Wong & s and more. Venue This seminar will be held in a 5 star hotel, chosen for its location, facilities and level of service. You can be assured of a comfortable, convenient learning environment throughout the duration of the seminar. Due to the variation in delegate numbers, we will send confirmation of the venue to you approximately 2 weeks before the start of the seminar. CPD You may use your attendance at courses held by Euromoney Legal Training to qualify for CPD points with The Law Society of Hong Kong. If you wish to claim CPD Hours for your registered course, please inform us of this upon registration and pay one month in advance in order for your CPD application to be processed. For further information on CPD accreditation please email us on courses@euromoneyasia.com About us Euromoney Training courses are designed for ambitious professionals who wish to gain practical skills based knowledge. With offices located in Asia, Europe and the USA and as part of the global media group, Euromoney Institutional Investor PLC, we are in the perfect position to provide you with relevant, up-todate and international expertise. With an extensive range of financial, legal and audit training courses we have met the training needs of over 100,000 market professionals globally. Our courses are held on a public or in-house basis, a full list of which can be found on our website. Visit www. euromoneytraining.com/legal_asia Secure your place! Register before 16 August 2012. Email Telephone Facsimile enquiry@euromoneyasia.com +852 2520 1481 +852 2866 7340

7th Annual Asset Management Asia Seminar Legal, Regulatory and Compliance Issues 13-14 September 2012, The Fullerton Hotel Singapore Day 1 The Investment Management Association of Singapore (IMAS) was formed on 22nd September 1997 following an idea first mooted in November 1995 by the Finance Minister at that time, Dr Richard Hu. The Association currently has over 100 members, including several major investment management firms in Singapore. IMAS main objective is to contribute towards the development and growth of the investment management industry in Singapore. It does this by fostering high standards of professionalism and promoting exemplary practice among its members. It also serves as a forum for its members to discuss industry related issues, serves as a collective voice where representation is needed on behalf of the industry, facilitates training for its members, and contributes towards public investor education. For more information about IMAS, please visit the website at www.imas.org.sg Registration commences at 8:30 Programme runs from 9:00-5:00 daily 09:00 Singapore regulations and updates 2012 Regulatory and licensing framework Impact of Dodd-Frank, Volcker & AIFMD Developments New licensing and exemption regime Distribution of Safe harbours Updates 2011 Fair dealing guidelines Representative notification Distribution of unlisted investment products Product highlight sheet Tan Woon Hum Trust, Asset & Wealth Management Shook Lin & Bok LLP Singapore 10:30 Coffee break 11:00 Offshore and Distribution and fund raising - legal requirements and restrictions Regulatory issues - licensing for fund managers Changes to the Code on Unit Trusts and Mutual Funds Rolfe Hayden Simmons & Simmons 11:45 Legal updates on asset management business in the PRC and RMBdenominated Updates on regulation on investment advisory business Updates on investment in Index Futures by QDII Updates on assets management business of commercial banks and trust companies The regulatory framework for RMB-denominated Recent rules on setting up and investing into onshore RMB by foreign fund managers and investors The challenges for investors Compliance requirements Implications for global fund managers Basil Hwang Corporate and Securities Dechert LLP 12:30 Lunch 14:00 Luxembourg and selected EU fund regulations Evolution of the regulatory landscape for Luxembourg UCITS, a success story beyond EU borders Evolution UCITS III, UCITS IV and UCITS V Other relevant EU Regulations (AIFMD, PRIPs and MiFID II) ESMA Paper on Structured UCITS and ETFs Update regarding other regulated Luxembourg fund structures Market trends (RMB Bonds, UCITS and QDII, Luxembourg feeder, etc.) Stéphane Karolczuk Head of Office Arendt & Medernach 14:45 Funds regulation in Malaysia Overview of regulatory and licensing framework Offerings of into Malaysia: requirement for approval and registration Extraterritorial application of Malaysian laws Distribution of into Malaysia Azizul Azmi Adnan Finance & Projects Practice Group Wong & s Malaysia 15:30 Coffee break Copyright Euromoney Training 2012 A great update on the changing regulatory environment Past delegate, Deutsche Asset Management Find out more or register your place today! www.euromoneytraining.com/assetasia

16:00 Legal updates on fund regulation in Indonesia Overview of regulatory and licensing framework Updates for 2012 The Reksadana analysis of main features Distribution of into Indonesia Investor challenges and opportunities Theo Bakker Senior Foreign Counsel Ali Budiardjo, Nugroho, Reksodiputro, Indonesia Day 2 09:00 Overview of Korea s investment management regulatory regime Managing assets for and providing investment advice to Korean investors Offer and sale of offshore to Korean investors Sale of offshore to Korean feeder and fund of Hedge Recent developments Pil-Kook Lee Senior Foreign Attorney Kim & Chang South Korea 10:30 Coffee break 11:00 Taiwan fund distribution 2012: regulation and challenges Market entry barriers Growing offering document and post registration compliance requirements Master agent disputes AML issues both real and perceived Private label platform issues with master agent exclusivity Limitations on distributing asset management services in non fund format Impact of new regulated offshore structured product distribution regime Limitations and uncertainties for placement of unregistered Thomas H. McGowan Foreign Legal Consultant Russin & Vecchi Taiwan 11:45 2012 Japan regulatory / tax update Changes in disclosure items concerning corporate governance Structure of corporate governance Remuneration of directors and statutory auditors Cross-shareholding Voting results Voluntary adoption of IFRS Updates on tax developments What has been the FSA s response to international developments since 2008? Improving the stability and transparency of OTC derivative transactions Strengthening securities clearing and settlement systems Consolidated regulation and supervision of securities companies Hedge regulation Development of reporting system for short selling Scott D. Peterman, Foreign Legal Counsel Sidley Austin LLP and Japan 12:30 Lunch 14:00 Lessons from regulatory enforcement actions for asset managers Impact of expert networks and insider dealing prosecutions Appropriate internal controls over inside information Mis-selling and product suitability prosecutions Ensuring appropriate selling practices Issues with achieving appropriate and clear disclosures Philippa Allen CEO & Managing Director ComplianceAsia and Singapore 14:45 Thai regulation in realm of asset management Examining the regulatory and licensing framework What are the roles of asset management companies in Thailand Discussing the recent development in REIT regulations Khemajit Choomwattana, LS Horizon Limited Thailand 15:30 Coffee break 16:00 British Virgin Islands and Cayman Islands 2012 update Cayman Mutual Funds Law Registration of master Ongoing requirements for master BVI update Recent developments Preetha Pillai Counsel Conyers Dill & Pearman Singapore SAVE TIME AND MONEY WITH IN-HOUSE TRAINING In-house training is an efficient and cost effective way to ensure that your employees are equipped with the knowledge and skills needed to make a real impact in your organisation. Training can be arranged for anything from small groups to entire divisions and will take place at a time chosen by and convenient to you. For more information on holding this, or any other Euromoney Training course in-house, please contact: Ang Kar Wee, Business Development Manager Tel: +852 2111 6617 Email: inhouse@euromoneyasia.com The Investment Funds Association ( HKIFA ) is a nonprofit-making organization that represents the asset management industry in. We have two major roles, namely consultation and education. On consultation, we work closely with the authorities to relay the views of our members on issues that have implications for the asset management industry. On education, we spearhead initiatives to enable Hong Kong people to understand more about the risk/return characteristics of mutual ; and to use them effectively for retirement investment and other financial planning purposes. We have 49 fund management companies as full/overseas members. They manage about 1,270 SFC-authorized as at the end of March 2012, involving total assets of about US$1,000 billion. In addition, we have 68 affiliate and associate members. (www.hkifa.org.hk ) Email Telephone Facsimile enquiry@euromoneyasia.com +852 2520 1481 +852 2866 7340

Speaker biographies Azizul Azmi Adnan Wong & s Azizul is a partner in the Finance & Projects Practice Group. He has over 9 years of experience advising MNCs in various industries on banking & finance, Islamic finance, capital markets and securities-related matters. Prior to that, he worked for 5 years in a leading Malaysian merchant bank where he was the head of the corporate planning and legal unit. He advised on banking and securities laws, in particular laws relating to the secondary market trading of debt and equity instruments and the OTC derivatives markets. From an M&A perspective, Azizul has advised on a number of local, regional and cross-border acquisitions as well as listings of companies, including JVs and takeovers. Azizul was recognized as a leading lawyer in Islamic Banking & Finance by Islamic Finance News in 2010. He was also named a leading lawyer for Capital Markets and Banking & Project Finance and according to IFLR 1000 (2011 edition), Azizul continues to show promise in acting as underwriter s counsel in attractive transactions. He was noted as an Up-and-Coming lawyer and was recommended for his smart, responsive and accommodating attitude by Chambers Asia 2011. He was also described as a name of note by Asia Pacific Legal 500 in 2008. He also co-authored the business rules for MESDAQ in 1997. Azizul graduated from the University of Cambridge and received his Certificate in Legal Practice. He was admitted to practice in the High Court of Malaya in 2003. Philippa Allen ComplianceAsia Philippa Allen, CEO and Managing Director of ComplianceAsia, has over 20 years extensive experience of business and regulation in Japan, Korea, Taiwan, the PRC,, Singapore, South East Asia, the Indian Subcontinent and Australia. She has extensive knowledge of business and regulation in both the developed and emerging economies of the region. She has considerable experience in industry led lobbying of Asian Regulators and has been a member of various consultative groups with regulatory bodies. The launch of ComplianceAsia in 2003 was driven by her particular expertise and experience in developing compliance solutions for foreign and new entrant financial institutions in these markets as well as in managing regulatory issues arising from mergers and acquisitions. Seeing a niche in the industry, ComplianceAsia focuses solely on providing compliance advice, consulting and solutions for the financial industry. ComplianceAsia has offices in and Singapore and employs 30 people, all with a financial industry background and a mix of compliance, legal and accounting skills. Theo Bakker Ali Budiardjo, Nugroho, Reksodiputro Mr. Theodoor Bakker graduated from Leiden University in the Netherlands, and is admitted to the Amsterdam bar. He has worked in Southeast Asia since 1984. He has considerable experience in: direct foreign investment; project finance work, including private power and petrochemical projects; ship finance; infrastructure development; and general manufacturing investment. He has worked with international agencies as well as for institutional investors in the region. During the Asian financial crisis, he was involved in many aspects of restructuring and insolvency, and has advised on foreign law issues of bankruptcy reform in Indonesia. His work now also encompasses capital market transactions and mergers and acquisitions. He has published various articles on insolvency and cross-border investment issues and teaches at the Faculty of Law of University of Indonesia and at the Department of Law and Human Rights. Rolfe Hayden Simmons & Simmons Rolfe is a partner of Simmons & Simmons in the Financial Services Group in and Head of Financial Sevices within it. Qualified in England in 1993 and in in 1996, Rolfe has practised in since 1995, specialising in financial services generally and investment in particular. His experience includes both SFC authorised and unauthorized collective investment schemes and he has worked on all types of, including hedge, ETFs, structured, listed investment companies, REITs, private equity, property and MPF schemes as well as licensing, regulatory and securities issues connected with asset management in the UK, and other jurisdictions in Asia. He also has experience in bank mergers, licensing and regulation and advises on corporate securities regulatory issues generally in. Rolfe has contributed to a number of fund industry related publications including Asia Law (Regulation of Mutual Funds in Asia), China Finance Manual, World Securities Law Report, the Barclays Capital Guide to Private Equity in Asia, Capital Asia, and ISI s Marketing Unit Trusts and Mutual Funds in Asia. Rolfe has an MA from Cambridge University. Khemajit Choomwattana LS Horizon Limited Khemajit is a partner in Corporate Real Estate Practice. He has represented various asset management companies and sponsors in establishing a number of major property for public offering (PFPOs), a structure similar to Real Estate Investment Trusts (REITs), transactions in Thailand, including the domestic and international offerings of the CPN Retail Growth Leasehold Property Fund (one of the largest PFPOs in Thailand), TICON Property Fund and Thai Industrial Fund 1 and their subsequent capital increases, Dusit Thani Freehold and Leasehold Property Fund, Prime Office Leasehold Property Fund, Land and House Property Fund. He has also represented a number of clients in their acquisitions of various types of real properties, such as office buildings, hotels, serviced apartment and shopping complexes. He has experiences in representing various clients, which are publicly listed on the Stock Exchange of Thailand, in their compliance with the regulations of the Office of the Securities and Exchange Commission or the Stock Exchange of Thailand. He has LL.B. from Chulalongkorn University, LL.M. in comparative law from Dickinson School of Law and LL.M. in Securities and Financial Regulations from Georgetown University Law Center. Basil Hwang Dechert LLP Mr. Hwang is the Managing of the Hong Kong office, and heads the Asian private equity practice. He has extensive experience in advising on private equity and growth capital transactions in Greater China and Asia, and on complex shareholders agreements and JVs. He also advises on public securities offerings and flotations in Hong Kong and the US, corporate law and Stock Exchange matters, buyouts and divestitures through trade sales, and financial and securities regulation in. Chambers Asia ranked Mr. Hwang as one of the leading individuals for investment, noting that market sources single out Basil Hwang for his in-depth knowledge of the legal and business market and good local connections. Chambers highlighted that Mr. Hwang is a responsive and accessible lawyer whose focus lies on private fund work. Mr. Hwang has also been recognized as a leading private equity lawyer by Asia Pacific Legal 500, who cited him as a renowned private equity specialist who clients regard as responsive, well-connected and having a deep understanding of and China. Mr. Hwang is admitted to practice in, Singapore, and England and Wales. He writes and speaks on and China transaction and regulatory matters, and is fluent in Mandarin. Pil-Kook Lee Kim & Chang Pil-Kook Lee is a senior foreign attorney in the firm s Investment Management Practice Group and Securities Regulations Practice Group. Mr. Lee has extensive experience in a wide range of cross-border transactions and regulated financial business activities. He has advised many companies on regulatory matters in connection with various financial business activities with an emphasis on investment management and securities business, including setting up Korean operation and licensing applications, cross-border business activities, registration of securities and for offerings to Korean investors, and regulatory compliance and examinations of domestic financial institutions. Mr. Lee also advises clients on foreign investments in Korean listed and unlisted companies, acquisitions of financial institutions, and general corporate law and regulatory matters arising from such transactions. He received a bachelor s degree from the University of Maryland and J. D. from the George Washington University National Law Center. He admitted to bar, Maryland, USA. Thomas H. McGowan Russin & Vecchi Tom is a US licensed attorney with 30 years of Asia based experience. He worked in Korea for five years before joining Russin & Vecchi, Taipei, as a foreign legal consultant in 1982. Tom s practice focus is the financial services sector, representing major multinational commercial and investment banks, asset managers and private equity investors. Tom and his firm have an active practice in all aspects of the mutual fund and structured product business in Taiwan and offer an in-depth knowledge of both the history and current status of the Taiwan legal and regulatory environment for product providers including fund managers and distributors. He has a BBA from the University of Notre Dame and a J.D. from Georgetown University Law Center. He is the author of Marketing Unit Trusts and Mutual Funds in Taiwan Capital Guide to Marketing Unit Trusts and Mutual Funds in Asia (2005) and the Taiwan chapter of the Capital Report on Asian- Pacific Fund Markets to 2010. Scott Peterman Sidley Austin LLP Scott is a foreign legal consultant in the firm s and Tokyo offices and advises on corporate and commercial transactions with a primary focus on hedge fund formation, private equity transactions, and alternative investments. He also advises clients on a broad range of legal matters, including M&A, JVs, LBOs, venture capital and entrepreneurial transactions, corporate finance for telecommunications and high-tech clients, as well as the regulatory issues associated with these matters. His hedge fund and private equity clients include many of the world s leading firms, several large Japanese banks, and many of Asia s prominent hedge fund managers. Scott co-publishes on hedge in professional articles. He has held senior executive positions in the high-tech and telecommunications industries, having been Country Manager, China and Korea, for a Silicon Valley computer company; Director of Asia Pacific for a French telecommunications company; and Director, Corporate Development, North America, for a UK telecommunications company. Scott has lived in, Taiwan, Tokyo, and London. While in Taiwan, he studied at the Stanford Center for Advanced Chinese Language Studies, and is business fluent in Mandarin Chinese and Japanese. He has a Ph.D. from Stanford University. Preetha Pillai Conyers Dill & Pearman Singapore Preetha is with the Singapore office of Conyers Dill & Pearman, an international offshore legal practice that advises on the laws of the Cayman Islands, the British Virgin Islands, Bermuda and Mauritius. Preetha advises on corporate law, with an emphasis on offshore investment work. Preetha was seconded to Conyers investment team in the Cayman Islands in 2008-2009, and was admitted to practice in 2009 in the Cayman Islands and the British Virgin Islands. Preetha obtained her LL.B (Hons) from the University of Reading in 1989 and her LL.M (Commercial and Corporate Law) from Kings College London in 1991. Following her admission as an Advocate & Solicitor, Supreme Court of Singapore in 1993, Preetha practised Singapore corporate and securities law for more than 10 years before moving in-house for 3 years as assistant general counsel with Singapore s largest local telecommunications company. Preetha was admitted to the English Bar in 1990 and as a Solicitor, Supreme Court of England & Wales in 2000 (she does not currently practise in the United Kingdom). She is also registered in Bermuda to practise law, and is a member of the Honourable Society of the Middle Temple, the Singapore Academy of Law and the Cayman Islands Law Society. Preetha co-authored Marketing of Hedge Funds in the Cayman Islands, published by Complinet in December 2008. Stéphane Karolczuk Arendt & Medernach Stéphane Karolczuk is head of Arendt & Medernach s representative office in, where he advises clients based in the Asia Pacific region regarding their Luxembourg legal and regulatory questions. He is admitted to practice in as Registered Foreign Lawyer. Stéphane advises international clients on all issues relating to investment, such as the structuring, registration, marketing, public offering and listing of Luxembourg and foreign investment. He also advises and assists clients in relation to the selection and setting-up of investment structures, drafting of contractual and marketing documentation, and liaises with the Luxembourg financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), and the Luxembourg Stock Exchange in relation to such matters. Tan Woon Hum Shook Lin & Bok LLP Woon Hum has advised on a wide range of corporate and investment matters since 1996 and leads a team of specialist lawyers handling trust, asset and wealth management-related work. He advises fund managers, wealth managers, institutional clients and sponsors on licensing, exemptions and regulatory matters under the Singapore and investment intermediaries regulations. He advises on establishment of private equity, hedge and real estate, and the applicable safe harbours for offerings in Singapore, as well as private trusts and wealth management matters. His team handles the full range of fund documentation including PPMs, management agreements, investment agreements, custodian agreements and introduction/referral agreements. He also assists exempt fund managers and external asset managers on asset management and startups, working closely with the clients and regulators on applications, filings and representations. Woon Hum also advises on a wide range of corporate finance transactions, particularly crossborder M&A, JVs, strategic investments and listed company matters, as well as general corporate advisory work. He has an in-depth knowledge of REITs regulations and industry and has been involved in 21 of the 22 listed S-REITs transactions of various structures, magnitude and complexity. He has advised on the IPOs of 15 listed S-REITs and has been involved in numerous post-ipo REIT acquisitions, equity fund raising exercises, debt financing and securitisation locally and regionally. For information about Sponsorship of this event, Contact Ang Kar Wee at Tel: +852 2111 6617 Email: karwee.ang@euromoneyasia.com

7th Annual Asset Management Asia Seminar Legal, Regulatory and Compliance Issues 13-14 September 2012, The Fullerton Hotel Singapore 4 easy ways to register 1. Web www.euromoneytraining.com/ assetasia 2. Email enquiry@euromoneyasia.com 3. Telephone +852 2520 1481 4. Facsimile +852 2866 7340 Funding support The Monetary Authority of Singapore (MAS) administers grants to financial sector organisations that sponsor eligible participants to training programmes that meet qualifying criteria. For enquiries, please contact the MAS at (65) 6229-9396 or via email at fsdf@mas.gov.sg. Euromoney Training Certificate Delegates who successfully complete this course will receive the prestigious Euromoney Training Certificate - a statement of excellence recognised worldwide. IMPORTANT INFORMATION - YOUR COURSE CODE Register on-line at: www.euromoneytraining.com/assetasia Group booking discounts** 2 delegates - 5% discount 3 delegates - 10% discount SG4990 - O Please ensure you enter your course code when registering and you will be entered into our monthly prize draw to win Amazon vouchers. 4 delegates - 12% discount 5 delegates - 15% discount **Available for delegates booking together from one organisation attending the same course. Registration form Yes, please register me for: 7th Annual Asset Management Asia Seminar (SG4990) on 13-14 September 2012, The Fullerton Hotel Singapore Can t make this date? We schedule our courses throughout the year. Please contact us to check for alternative dates and locations. Delegate details (all of the following is required to process your registration) Surname First name Position Company Address Department Mr/Mrs/Ms Seminar fee: US$3,550 IMAS member fee: US$2,840 HKIFA member fee: US$2,840 All fees are net of withholding, business and local taxes. Membership discount may not be used in conjunction with other discounts. Delegates registering from Australia and Singapore to attend courses located in their country of residence, will have to bear the prevailing GST at the date of invoice. Seat is confirmed only upon receipt of payment. Payment details (please tick as appropriate) Cheque Invoice Credit card # # To make this payment by credit card, please call +852 2520 1481, or visit www.euromoneytraining.com/assetasia, select this course and follow the register now link to use our secure online payment system. Telephone Fax I have read and understood the booking terms and conditions Email How did you hear about the seminar? 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