ILS World will support our clients with all the regulatory requirements including the creation and maintenance of a SCR if instructed to do so.
Who is required to keep a SCR?
All companies formed and registered under the Hong Kong Companies Ordinance (HKCO) including dormant companies, financial institutions, charitable organisations, companies limited by guarantee and any other types of companies incorporated in Hong Kong.
Companies which have their shares listed on the Stock Exchange of Hong Kong and foreign companies registered under Part 16 of HKCO are exempt.
A significant controller can be:
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To discuss this further please contact our managing director in Hong Kong Lilian Cheung at email@example.com