What are the expected job roles of Qualifying IPs for the purposes of the Schemes?

Q: What are the expected job roles of Qualifying IPs for the purposes of the Schemes?

Qualifying IPs are expected to be employed primarily as a portfolio manager, research analyst or trader in the conduct of investment management in an SFO. Examples of a Qualifying IP’s responsibilities include: Developing and implementing investment strategies, including building and managing investment portfolios; Performing investment research and market analysis with recommendations to buy or sell a specific financial product or asset class; and Trading of financial instruments, which could include liquidity management and deal structuring. Roles primarily relating to operations, administration, or finance/accounting are not considered to be Qualifying IP roles. Examples that are not considered to be IP roles include: Financial planning and analysis, budgeting, or capital account management; Cashflow monitoring; Legal documentation and fund wiring; Tax planning support; and Passing on or keying in orders (i.e., trade settlement or confirmation).

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Accepted Answer

Qualifying IPs are expected to be employed primarily as a portfolio manager, research analyst or trader in the conduct of investment management in an SFO. Examples of a Qualifying IP’s responsibilities include:
- Developing and implementing investment strategies, including building and managing investment portfolios;
- Performing investment research and market analysis with recommendations to buy or sell a specific financial product or asset class; and
- Trading of financial instruments, which could include liquidity management and deal structuring.
Roles primarily relating to operations, administration, or finance/accounting are not considered to be Qualifying IP roles. Examples that are not considered to be IP roles include:
- Financial planning and analysis, budgeting, or capital account management;
- Cashflow monitoring;
- Legal documentation and fund wiring;
- Tax planning support; and
- Passing on or keying in orders (i.e., trade settlement or confirmation).

What are the expected job roles of Qualifying IPs for the purposes of the Schemes?

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