::: Treasury Markets Association :::

Review ~ Briefing Session on TMA's New Professional Qualification Framework
22 Jan 2011

As Mr. Norman Chan (Chief Executive of HKMA and Honorary President of TMA) mentioned earlier at the Treasury Markets Summit 2010 in Beijing (15 Oct 2010), the Hong Kong Monetary Authority is formulating new supervisory measures to enhance the professional standard of local treasury market practitioners through continuous training and compliance with market codes.

Here are the latest developments:

The Executive Board of the Treasury Markets Association has approved the new Professional Qualification Framework (PQF) and membership structure as proposed by the Professional Membership Committee. The 4 membership classes introduced as Associate Member, Full Member, Fellow Member and Honorary Member. New education programmes under the PQF will be launched with a view to further enhancing professional standard of treasury market practitioners. The new PQF is expected to be implemented in the third quarter of 2011.

In order to facilitate the membersâ€™ understanding of the new PQF and the Code of Conduct, a briefing session was smoothly held on 21 January 2011. Over 140 representatives from banks and relevant financial institutions attended the briefing. Owing to seat limitations, some interested members or market participants may not be able to register or attend the briefing session. Please click here if you wish to review the presentation powerpoint for easy reference.

Note: Under the new framework, treasury markets practitioners will have to meet the prerequisite of being a TMA member or equivalent. The proposed measure is in its implementing progress and the draft Code of Conduct and Practice of the Treasury Markets Association (â€œthe Code of Conductâ€) has been released on 11 January 2011 for Institutional members and the banking industry associations for consultation.

The TMA intends to issue the Code of Conduct by the end of the second quarter of 2011. All TMA Institutional and Individual members are required to observe and comply with the Code of Conduct. Others are encouraged to do so.

For more information on the TMA Code of Conduct, please click here. The consultation period will end on 28 February 2011.