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
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 to Maintain Financial Accounts
Chapter 8	Due Diligence: General Requirements
Chapter 9	Due Diligence: Pre-existing Individual Accounts
Chapter 10	Due Diligence: New Individual Accounts
Chapter 11	Due Diligence: Pre-existing Entity Accounts
Chapter 12	Due Diligence: New Entity Accounts
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
	Abbreviations