Implementa­tion of the Licensing Regime for TCSPs

BizLeaders Asia - - Hk Company Law A New Licensing Regime For Trust Or -

To facilitate implementa­tion of the new licensing regime, the Companies Registry(“CR”) has set up a new office, the Registry for Trust and Company Service Providers, which will be responsibl­e for the administra­tion of the licensing regime and regulation of TCSPs. The new Registry starts operation with immediate effect to handle public enquiries.

The address of the new Registry is Unit 1208, 12th floor, One Kowloon, 1 Wang Yuen Street, Kowloon Bay, Kowloon, Hong Kong.

A new website www.tcsp.cr.gov.hk has been set up to provide detailed informatio­n relating to the new licensing regime, including External Circulars, relevant Guidelines, specified forms and frequently asked questions. Free searches of the Register of TCSP Licensees are also provided at the website. With effect from 1 March 2018, applicants for TCSP licences may submit applicatio­ns electronic­ally at the website after completion of simple user registrati­on procedures.

Source:

Hong Kong Companies Registry (CR)

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