Companies (米兰官方网站) Ordinance 2018 – Keeping of Significant Controllers Register (“SCR”)

The Companies (米兰官方网站) Ordinance 2018 (“the 米兰官方网站 Ordinance) will be enforced on 1 March 2018.

Under the 米兰官方网站 Ordinance, a company incorporated in Hong Kong is required:-

• to identify persons who have significant control over the company (“significant controllers”); and
• to maintain a significant controllers register (“SCR”) to be accessible by law enforcement officers.

Please prepare the SCR on or before 1 March 2018 and kept at the registered office or a place in Hong Kong for the law enforcement officers access.

Note: Failure to comply with the above obligations is a criminal offence. The company and every responsible person of the company are liable to a fine at level 4 (i.e. HK$25,000). Where applicable, there is a further daily fine of HK$700.