Reed Smith Client Alerts

The Companies (Amendment) Ordinance 2018 (the “Amendment Ordinance”) will come into operation on 1 March 2018. New register to be kept.

Requirement to keep new Significant Controllers Register

Under the Amendment Ordinance, all Hong Kong companies (other than companies listed in Hong Kong) (“HK Co”) are required to identify who their “significant controllers” are (“Significant Controller”), and keep a Significant Controllers Register (“SCR”) containing their details accordingly.

Hong Kong incorporated subsidiaries of a listed company will also be required to comply with such requirement.