Application for Reimbursement
Notes for Applicants
General information
- The Financial Services and the Treasury Bureau has engaged the Hong Kong Securities and Investment Institute (the "HKSI Institute") to implement the Financial Incentive Scheme for Professional Training ("Scheme") under the Pilot Programme to Enhance Talent Training for the Asset and Wealth Management Sector (the “Programme”) since 1 October 2016. The Scheme aims to enhance the competency and professionalism of in-service practitioners within the asset and wealth management (“WAM”) sector and to assist other practitioners within the financial services industry in acquiring the knowledge and skills required for entering the asset and wealth management field. The scope of in-service employees under the Scheme has been expanded to benefit more industry practitioners over the years.
- For information about the eligible programmes / seminars, please refer to Eligible Training Programmes.
- Eligible training programmes that are delivered in recorded seminar are excluded from the Scheme.
- Please read through the Guide to Applicants carefully before application.
- Eligible applicant will be reimbursed 80% of course fees upon satisfactory completion of eligible courses, subject to a cap of $15,000 per person for the entire duration of the Pilot Programme (i.e. from 1 October 2016 to 31 March 2026).
- Late or incomplete applications will not be accepted.
- It is the responsibility of the applicant to complete an application form timely and truthfully, and to provide all supporting documents for the application and for the reimbursement. Inaccurate and incomplete information will affect the processing of application or reimbursement. Any omission or misrepresentation of information may lead to rejection of applications, cancellation of applications approved, and part or full recoupment of reimbursement. It is an offence in law to obtain property/pecuniary advantage by deception or assisting persons to obtain property/pecuniary advantage under WAM Pilot Programme. Any person who does so may be liable to legal proceedings.
- Successful applicants are required to keep a proper record of original copy of the submitted supporting documents for 1 year after the completion of the reimbursement and produce such documents for sample checking by the Implementation Team of WAM Pilot Programme or other agent acting on behalf of the Government upon request.
- The applicant shall conform in all respects with all legislation, regulations and by-laws of the Hong Kong Special Administrative Region. The Government and/or the HKSI Institute reserves the right to terminate all or any part of the funding support, and claw back any funding disbursed to the applicant on the occurrence of any of the following events:
- (a) the applicant has engaged or is engaging in acts or activities that are likely to constitute or cause the occurrence of offences endangering national security or that would otherwise be contrary to the interest of national security; or
- (b) the Government and/or HKSI Institute reasonably believes that any of the events mentioned in paragraph (a) above is about to occur.
- The HKSI Institute will sample check the employment status, and / or course attendance etc., to verify the information submitted. Please ensure that the information provided is complete and accurate. Any person who to his / her knowledge supplies false or misleading information or is subsequently found to have failed to meet the relevant requirements as stipulated in Guide to Applicants, without prejudice to any powers, rights, remedies and claims that the Government may have hereunder or in law, the Government shall be entitled to reject or disqualify this application immediately, or as the case may be, terminate immediately the provision of course fee reimbursement under the Programme to the applicant and require the applicant to repay to the HKSI Institute forthwith upon demand all moneys provided to the applicant and any associated administration fee incurred by the HKSI Institute. Obtaining benefits for oneself or another by furnishing false or misleading information may constitute a criminal offence and the offender may be liable to criminal prosecution.
- The HKSI Institute reserves the right to contact the course providers, employers, other government departments and organisations at any time to verify the information provided in the application with those held by them for the purposes mentioned above.
- Applicants are obliged to provide information pertaining to their personal data, as required in the application. In accordance with section 3.2.1.2 of the Code of Practice on the Identity Card Number and Other Personal Identifiers issued by the Office of the Privacy Commissioner for Personal Data, applicants are requested to furnish a copy of their Hong Kong Identity Card. If an applicant fails to comply with these requirements, the HKSI Institute may not be able to process his / her application.
- The personal data in the application are collected and kept for the purposes of: (i) activities relating to the processing, vetting and reviewing of the application, reimbursement of course fees, follow-up on employment status; (ii) activities relating to the recovery of payments, if any; and (iii) opinion surveys, statistics, research, reporting and promotions.
- The personal data and other supplementary information that are provided in the application may be disclosed to the applicant’s employer, government bureaux / departments, course providers and / or their commissioned research consultants and agencies for the purposes set out in the paragraph above or any other legitimate purposes as may be required, authorised or permitted by law.
- In accordance with sections 18 and 22 and Principle 6 of Schedule 1 of the Personal Data (Privacy) Ordinance (Chapter 486 of the Laws of Hong Kong), applicants have the right to request access to and correction of the personal data supplied in their applications. The HKSI Institute may collect a fee from applicants who wish to obtain a copy of their personal data.
- Enquiries concerning the personal data supplied in the applications and requests for the correction of such data may be made in writing to the HKSI Institute.
- Enrolment and all relevant administration of the eligible courses are fully responsible by the respective course providers. For any queries about the course arrangements, such as venue or class schedule for instance, please contact the course providers concerned directly.
- For enquiries, comments or complaints related to the Scheme, please email to training@wamtalent.org.hk .
- Whilst the information provided by the Government in these Notes for Applicants and the Application Form (collectively, the "Application Documents") has been prepared in good faith, none of them claims to be comprehensive or to have been independently verified. Neither the Government, nor any of its officers, agents or advisors, accepts any liability or responsibility as to, or in relation to, the adequacy, accuracy or completeness of the information contained in the Application Documents or any other written or oral information which is, has been or will be provided or made available to any Applicant; nor do they make any representation, statement or warranty, express or implied, with respect to such information or to the information on which the Application Documents is based. Any liability in respect of any such information or any inaccuracy in the Application Form or omission from the Application Form and other Application Documents is expressly disclaimed. Nothing in the Application Form and other Application Documents nor in any other written or oral information which is, has been or will be provided or made available to any Applicant should be relied on as a representation, statement or warranty as to the intentions, policy or action in future of the Government, its officers or agents.
- Neither the Application Form nor any invitation for submission of applications under the Programme constitutes an offer.
- The submission of an application for reimbursement of course fees by an Applicant shall be taken to be an acceptance of the terms of these disclaimers by the Applicant.
- In the event of any conflict or discrepancy arising from the Chinese and English versions of this "Notes for Applicants" and the application form, the English Version shall prevail.
- The parties hereby declare that nothing in this Notes for Applicants confers or purports to confer on any third party any benefit or any right to enforce any term of this Contract pursuant to the Contracts (Rights of Third Parties) Ordinance (Cap. 623).
