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  Home > News and Trends
A New Licensing Regime for Trust or Company Service Providers commences operation
Time£º2018-3-1      hits£º284

A new licensing regime for trust or company service providers (¡°TCSPs¡±) commences operation today.

Under the new licensing regime, TCSPs are required to apply for a licence from the Registrar of Companies and satisfy a ¡°fit-and-proper¡± test before they can provide trust or company services as a business in Hong Kong. Any person who carries on a trust or company service business in Hong Kong without a licence commits an offence. TCSP licensees are also required to comply with the statutory customer due diligence and record-keeping requirements as set out in Schedule 2 to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615.

Applications for TCSP licences can be sent by mail or delivered to a new Registry, the Registry for Trust and Company Service Providers, at Kowloon Bay or made online at www.tcsp.cr.gov.hk.

For details, please visit website www.tcsp.cr.gov.hk.
A New Licensing Regime for Trust or Company Service Providers commences operation
(1 March 2018)

A new licensing regime for trust or company service providers (¡°TCSPs¡±) commences operation today.

Under the new licensing regime, TCSPs are required to apply for a licence from the Registrar of Companies and satisfy a ¡°fit-and-proper¡± test before they can provide trust or company services as a business in Hong Kong. Any person who carries on a trust or company service business in Hong Kong without a licence commits an offence. TCSP licensees are also required to comply with the statutory customer due diligence and record-keeping requirements as set out in Schedule 2 to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615.

Applications for TCSP licences can be sent by mail or delivered to a new Registry, the Registry for Trust and Company Service Providers, at Kowloon Bay or made online at www.tcsp.cr.gov.hk.

For details, please visit website www.tcsp.cr.gov.hk.

Sino Corp CPA Limited
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Tel: (852) 2191 2999 Fax: (852) 2694 8597
E-Mail£ºadmin@sinocpa.com