Hong Kong corporate secretarial newsletter
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Hong Kong corporate secretarial newsletter
December 2023 issue no.3 – Mazars Company Secretarial newsletter
In this newsletter, we will mainly highlight the updates of Implementation of Unique Business Identifier for entities and stamp duty on stock transactions in 2023.
December 2022 vol.2 - Passage of Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022
On 24 June 2022, the Hong Kong Government gazetted the Amendment Bill, introducing changes to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) (“AMLO”). We will mainly highlight the passage of anti-money laundering and Counter-Terrorist Financing (Amendment) Bill 2022 in this company secretarial newsletter.
December 2022 vol.1- New inspection regime to enhance privacy rights of directors and other officers under the Companies Ordinance
The balance between the privacy rights of directors and other officers and the right of the public to access them through searches has been a vexed issue for years.
January 2018 - New Requirements on Hong Kong Companies come into force on 1 March 2018
On 24 January 2018, the Companies (Amendment) Ordinance 2018 (“Amendment Ordinance”) and the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2018 were endorsed by Legislative Council for the purposes of (1) increasing transparency in the beneficial ownership of Hong Kong companies and (2) extending the customer due diligence and relevant record-keeping requirements to designated non-financial businesses and professions in order to fulfill Hong Kong’s international obligations.
January 2014 - New Companies Ordinance in Hong Kong
In January 2006, the Rewrite of the Companies Ordinance was endorsed by Legislative Council (“LegCo”) for the purposes of modernizing the law, ensuring better regulation, enhancing corporate governance and facilitating business.
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