Legislative Update

Louise
25/08/2021

Legislative Update

Guideline on Submission of Business Plan by Applicant of a Money Lenders Licence

Guideline on Submission of Business Plan by Applicant of a Money Lenders Licence https://hauzen.hk/wp-content/uploads/2021/02/bangkok-stairs-ryan-tang-8OyZGH43-p4-unsplash-sm.jpg 1400 788 Louise Louise https://secure.gravatar.com/avatar/1da3aed25e12734f0ccb19213c2a6cb8?s=96&d=mm&r=g 25/08/2021 25/08/2021

Further to our article on the publication of the Guideline on Fit and Proper Criteria for Licensing of Money Lenders, on 29 January 2021, the Companies Registry published another Guideline on Submission of Business Plan by Applicant of a Money Lenders Licence.

Louise
09/08/2021

HKMA’s Guideline on Certification of Funds for Carried Interest Tax Concession

HKMA’s Guideline on Certification of Funds for Carried Interest Tax Concession https://hauzen.hk/wp-content/uploads/2021/02/bangkok-stairs-ryan-tang-8OyZGH43-p4-unsplash-sm.jpg 1400 788 Louise Louise https://secure.gravatar.com/avatar/1da3aed25e12734f0ccb19213c2a6cb8?s=96&d=mm&r=g 09/08/2021 09/08/2021

The Hong Kong Monetary Authority on 16 July 2021 issued a Guideline on Fund Certification for Carried Interest Tax Concession under Schedule 16D to the Inland Revenue Ordinance (Cap. 112).

Charing
09/08/2021

Bills for re-domiciliation of foreign investment funds gazetted

Bills for re-domiciliation of foreign investment funds gazetted https://hauzen.hk/wp-content/uploads/2021/02/papers-pexels-brotin-biswas-518543_1400x788sm.jpg 1400 788 Charing Charing https://secure.gravatar.com/avatar/3b49b8bf757de52b123ffa502a0e4f5e?s=96&d=mm&r=g 09/08/2021 09/08/2021

On 2 July 2021, the Government gazetted the Securities and Futures (Amendment) Bill 2021 and the Limited Partnership Fund and Business Registration Legislation (Amendment) Bill 2021 (collectively, the “Bills”). The Bills sets out the respectively scheme for foreign investment funds to be re-domiciled and registered in Hong Kong as open-ended fund companies (“OFC”) or limited partnership funds (“LPFs”).

Louise
14/07/2021

Legislative Update

Launch of grant scheme for open-ended fund companies and real estate investment trusts

Launch of grant scheme for open-ended fund companies and real estate investment trusts https://hauzen.hk/wp-content/uploads/2020/12/stairs-feet-pikwizard-e56c51548444732f224d910d420e40f5_1401x788sm.jpg 1401 788 Louise Louise https://secure.gravatar.com/avatar/1da3aed25e12734f0ccb19213c2a6cb8?s=96&d=mm&r=g 14/07/2021 06/08/2021

Hong Kong’s Financial Secretary announces subsidies for open-ended fund companies to set up in or re-domicile and Real Estate Investment Trusts to list in HK.

Louise
14/07/2021

Legislative Update

Enforcement of Civil Judgments of Matrimonial and Family Cases in Hong Kong and Mainland China

Enforcement of Civil Judgments of Matrimonial and Family Cases in Hong Kong and Mainland China https://hauzen.hk/wp-content/uploads/2020/12/stairs-pop-zebra-332453-unsplash_1401x789sm.jpg 1401 789 Louise Louise https://secure.gravatar.com/avatar/1da3aed25e12734f0ccb19213c2a6cb8?s=96&d=mm&r=g 14/07/2021 19/07/2021

Hong Kong’s Legislative Council passed the Mainland Judgments in Matrimonial and Family Cases (Reciprocal Recognition and Enforcement) Ordinance

Charing
16/06/2021

Legislative Update

Proposed amendments to PDPO to combat doxxing activities

Proposed amendments to PDPO to combat doxxing activities https://hauzen.hk/wp-content/uploads/2021/02/personal-data-pexels-thisisengineering-3861969_1400x787sm.jpg 1400 787 Charing Charing https://secure.gravatar.com/avatar/3b49b8bf757de52b123ffa502a0e4f5e?s=96&d=mm&r=g 16/06/2021 06/08/2021

Proposed amendments include “A person commits an offence if the person discloses any personal data of a data subject without the data subject’s consent,”

Louise
04/06/2021

Exemptions for senior executives of licensed corporations from compulsory quarantine arrangements

Exemptions for senior executives of licensed corporations from compulsory quarantine arrangements https://hauzen.hk/wp-content/uploads/2020/12/stairs-pikwizard-498d26a768504c041a26333fdbca5804_1402x790sm.jpg 1402 790 Louise Louise https://secure.gravatar.com/avatar/1da3aed25e12734f0ccb19213c2a6cb8?s=96&d=mm&r=g 04/06/2021 04/06/2021

On 28 May 2021, the SFC issued a circular regarding the grant of exemptions for senior executives of licensed corporations from the three-week compulsory quarantine arrangements in Hong Kong under Cap. 599C and Cap. 599E.

Charing
21/05/2021

Legislative Update

Judiciary Consultation on the Legislative Amendments to Enable Remote Hearing

Judiciary Consultation on the Legislative Amendments to Enable Remote Hearing https://hauzen.hk/wp-content/uploads/2021/02/man-taylor-nicole-qH7nLsK_IjE-unsplash_1400x787sm.jpg 1400 787 Charing Charing https://secure.gravatar.com/avatar/3b49b8bf757de52b123ffa502a0e4f5e?s=96&d=mm&r=g 21/05/2021 21/05/2021

The Judiciary Administration published a legislative proposal to enable remote hearing on February 2021

Charing
20/04/2021

FSTB Consultation paper on new licensing regime for virtual assets services providers

FSTB Consultation paper on new licensing regime for virtual assets services providers https://hauzen.hk/wp-content/uploads/2021/02/personal-data-pexels-thisisengineering-3861969_1400x787sm.jpg 1400 787 Charing Charing https://secure.gravatar.com/avatar/3b49b8bf757de52b123ffa502a0e4f5e?s=96&d=mm&r=g 20/04/2021 06/08/2021

FSTB published consultation paper proposeing to introduce a licensing regime for virtual assets services providers (“VASPs”). The consultation period ended on 31 January 2021.

Charing
08/04/2021

Legislative Update

Arbitration (Amendment) Ordinance 2021 to come into operation on 19 May 2021

Arbitration (Amendment) Ordinance 2021 to come into operation on 19 May 2021 https://hauzen.hk/wp-content/uploads/2020/08/alessia-cocconi-zLIUdGeKxv0-unsplash_1400x786sm.jpg 1400 786 Charing Charing https://secure.gravatar.com/avatar/3b49b8bf757de52b123ffa502a0e4f5e?s=96&d=mm&r=g 08/04/2021 28/04/2021

As previously reported, Hong Kong and the Mainland signed a Supplemental Arrangement on 27 November 2020 for the purpose of enhancing enforcement of arbitral awards between the two jurisdictions. As a…