A two-tier registration regime for DPMS whereby any person who is seeking to carry on a business of dealing in precious metals and stones in Hong Kong and engage in transactions at or above HKD 120,000 (cash or non-cash) is required to register under either Category A or Category B with the C&ED.
For dealers who only conduct transactions under HKD 120,000, registration is not required.
Means any person who deals in precious metals and stones in Hong Kong if:
Means a transaction that:
Means a transaction carried out by a person, while carrying on a precious metals and stones business, in respect of which transaction a payment or payments in cash, of at least the amount specified in Schedule 3H in total, is or are made or received in Hong Kong, whether the transaction is executed: