• News Update

Designated Representative of Hong Kong Company

Following the passing of the Companies (Amendment) Bill 2017 on 24 January 2018, Hong Kong companies are required to obtain and maintain up-to-date beneficial ownership information through keeping a Significant Controllers Register (“SCR”) with effective from 1 March 2018.

The SCR of a company must contain the name and contact information of the Designated Representative ("DR") as its representative to provide assistance relating to the company’s SCR to a law enforcement officer.

A company’s DR must be one of the following:–

  • A member, director or an employee of the company who is a natural person resident in Hong Kong; or
  • An accounting professional, a legal professional or a Trust and Company Service Providers ("TCSPs") licensee as defined in the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615 (“AMLO”).

Significant Controllers Register (“SCR”)

The new requirements on the keeping of significant controllers registers by companies which will come into operation upon commencement of the Companies (Amendment) Ordinance 2018 (“the Amendment Ordinance”) on 1 March 2018.

To enhance transparency of company information, all companies incorporated in Hong Kong (except Listed Companies) are required to obtain and maintain up-to-date beneficial ownership information, by way of keeping a Significant Controllers Register ("SCR") for inspection by law enforcement officers upon demand.

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NOTICE
Holiday Notice: The first day of January 2019
Please note that Atrix will be closed on 1 January (Tuesday), and our service to be resumed on 2 January (Wednesday).

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