Step 1: Line a high sided 8 inch spring form pan with parchment paper.
Step 2: Soak oats in hot water and set aside.
Step 3: Cream butter and sugars. Slowly add vanilla extract and eggs. Add oat mixture and mix until combined. Add flour, soda and salt. Mix until combined. Scoop batter into cake pan.
Step 4: Bake at 350 degrees for about 45 to 50 minutes, or until a wooden pick inserted comes out clean. Cool cakes completely before topping.
Step 5: For the topping: Cream butter and sugar. Slowly add cream. Add walnuts and coconut. Mix until combined. Cover the cake to the rim of the pan. Bake until golden brown and set, about 20 minutes.
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