Issue no. 696 (21 June 2018)
  Dear members/member practices,  
  Signing of RMA with CPA Canada  
The Institute's reciprocal membership agreement (RMA) with CPA Canada (formerly Canadian Institute of Chartered Accountants) has been renewed with effect from 1 Jun, enabling eligible members of each body to apply for membership of the other body without further examination or test. Please click here for the requirements and procedures for the Institute members to apply for CPA Canada membership. CPA Canada members interested in joining the Institute may refer to our website for details.
Becoming an insolvency specialist
The Specialist Designation in Insolvency is open to members with considerable experience and competencies in insolvency practice, and who have gained the SQ (Insolvency). Holders of the Specialist Designation in Insolvency are entitled to use "SD (Insolvency)" after their names. The current round of applications will close on 6 Aug.

Companies Registry reminder regarding TCSP licenses

With the commencement of the amendments to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615, on 1 Mar, trust or company service providers (TCSPs) are required to obtain a licence from the Companies Registry (CR). It is an offence to provide trust or company service without a TCSP licence. The transitional period for existing TCSPs to apply for a licence from the Registry ends on 28 Jun. Please visit the CR's TCSP website or call the CR hotline on 3142 2822 for more details.

Down-to-earth stock investment strategies
At the seminar on 6 Jul, the speaker will discuss the practical aspects of investment strategies to give non investment professionals a chance to realize their financial goals over time through prudent stock investing.

Soft skills series

Enrol in the soft skills series between July and September to learn skills in performance coaching, motivating staff and project management.


Don't forget to enrol in the workshop jointly organized with ICAEW on 19 Jul for the knowledge, strategies and techniques to become a more resilient individual.

HKTDC information session on Mainland China investment

The Hong Kong Trade Development Council and China International Contractors Association will organize an information session on 29 Jun to highlight the investment needs and strategies for Mainland China enterprises when investing in Kazakhstan, Georgia and Austria. Visit event website for details and to register.

AICPA & CIMA SEC Conference 2018

Enrol in the "AICPA & CIMA SEC Conference 2018: Accounting and Reporting Update for Foreign Private Issuers" in Hong Kong on 13 & 14 Sep. Speakers from Securities and Exchange Commission (SEC) and Public Company Accounting Oversight Board will cover compliance topics dedicated to Asia-based companies which are listed in the United States. Institute members are entitled to a 20% discount. Please enter "HKICPASEC" at the checkout to apply this discount.


Bowling training courses

Enrol in the beginner or intermediate bowling training course starting on 4 Aug at the South China Athletic Association Bowling Centre to improve your bowling technique.

HKAAA membership

Remember to apply or renew your Hong Kong Amateur Athletic Association membership for 2018 (and affiliate with your Institute membership) before 10 Jul to enjoy priority entry for the Standard Chartered Hong Kong Marathon 2019.

United Nations sanctions notices

Gazettal of Terrorists and Terrorist Associates under United Nations (Anti-terrorism Measures) Ordinance (Cap. 575) includes updating of specification of terrorists and terrorist associates designated by the United Nations Security Council (SC) Committees. The Notice (i) specifies the updated list of terrorists and terrorist associates designated by the SC 1988 Committee on 10 Apr and the SC 1267/1989/2253 Committee on 18 Jun; and (ii) revokes the previous 6 Jun Notice. There is also an amendment to additions of two entries on the list of designations associated with ISIL (Da’esh) or Al-Qaida. For details, please refer to the press release issued by the United Nations SC Committees.

Gazettal of the United Nations Sanctions (Central African Republic) Regulation 2018 (Cap. 537 CA) published on
15 Jun.

Gazettal of the United Nations Sanctions (Libya) Regulation 2011 (Cap. 537 AW) published on 15 Jun.

Q&As on applying HKAS 12 Income Taxes

The Institute issued new Questions and Answers on applying HKAS 12 Income Taxes in light of the recent Hong Kong profits tax regime.


Enrolment still available for deep-dive workshops for life insurers and non-life insurers on IFRS/HKFRS 17 Insurance Contracts in July.

Snooker training courses

Sign up for the 4-sesson beginner or intermediate weekly snooker training courses starting on 22 Jul to brush up your snooker skills.


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