Hong Kong: Amendments to AEOI rules concern “controlling persons”
Hong Kong: Amendments to AEOI rules
The Hong Kong government issued two “amendment notices” regarding the automatic exchange of financial information (AEOI) rules.
Hong Kong’s amendments follow recommendations made by the Organisation for Economic Cooperation and Development (OECD) and:
- Expand the definition of controlling persons of partnerships
- Relate to the determination of controlling persons by financial institutions
The effective date of the amendment notices is 1 January 2021.
Read an April 2020 report [PDF 80 KB] prepared by KPMG LLP
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