Reading Time: 6 minutesThe Background As addressed in our previous newsletters, the Hong Kong Stock Exchange (the “HKEx”) has published a New Board Concept Paper (the “Concept Paper”) in response to the recent demands that the local stock market shall be refined in light of the rise of the innovative companies. In the Concept Paper, the HKEx has […]
HONG KONG: The new Significant Controllers Register – Revealing Beneficial Ownership of Companies
Reading Time: 5 minutesIntroduction Following the Financial Services and the Treasury Bureau’s (“FSTB”) consultation conclusion published in April 2017 regarding the enhancement of anti-money laundering and counter-terrorist financing regulation in Hong Kong, the Companies Ordinance (Cap. 622 of the Laws of Hong Kong) is amended with effect from 1 March 2018 (the “New Requirements”), which requires companies incorporated […]