Guidance for Financial Institutions

This Guidance is intended to aid financial institutions in complying with their obligations under Part 8A of the Inland Revenue Ordinance (Cap. 112). It contains the Department’s views on the due diligence procedures required by the Common Reporting Standard of the Organisation for Economic Co-operation and Development (OECD). While every effort is made to ensure that the information given in this Guidance is accurate, it is not a legal document. It is also important for financial institutions to make reference to the materials published by the OECD at the Automatic Exchange Portal.

Guidance for Financial Institutions
Table of Contents
Chapter 1	Background
Chapter 2	Overview of Required Information
Chapter 3	Reporting Financial Institutions (Updated on 4 September 2017)
Chapter 4	Non-reporting Financial Institutions
Chapter 5	Financial Accounts
Chapter 6	Excluded Accounts
Chapter 7	Person Who Acts for a Non-corporate Financial Institution
Chapter 8	Due Diligence: General Requirements (Updated on 14 July 2017)
Chapter 9	Due Diligence: Pre-existing Individual Accounts (Updated on 4 September 2017)
Chapter 10	Due Diligence: New Individual Accounts (Updated on 7 November 2017)
Chapter 11	Due Diligence: Pre-existing Entity Accounts (Updated on 10 April 2017)
Chapter 12	Due Diligence: New Entity Accounts (Updated on 10 April 2017)
Chapter 13	Due Diligence: Investment Entity with Regularly Traded Securities
Chapter 14	Due Diligence: Special Due Diligence Rules
Chapter 15	Required Information
Chapter 16	Collective Investment Scheme
Chapter 17	Treatment of Trusts
Chapter 18	Miscellaneous (Updated on 4 April 2019)
	Abbreviations