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.


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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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