Issue no. 774 (9 January 2020)
  Dear members/member practices,  

Final call for the Mentorship Programme 2020-21


Sign up as a mentor or mentee of the 2020-21 Mentorship Programme by 15 Jan and foster a mentoring partnership. To learn how the programme has made a difference to the lives of both mentors and mentees, read the recent A Plus article or visit the dedicated webpage.


Mastering convertible bond for accountants (session 2)
The workshop on 17 Jan will continue to explain convertible bonds and examine how to evaluate the key credit protective terms of convertible bond investment, including hard call, soft call, and coupons calculation on conversion, put and early redemption.

Corporate restructuring in Mainland China
At the seminar on 12 Feb, the speakers will cover the latest interpretations of certain provisions within Public Notice [2015] No. 7, corporate income tax implications for corporate restructuring and application of tax treaty protection for cross-border transactions.

Financial gimmicks
Attend the three workshop sessions on 18 Feb, 3 and 10 Mar to understand the nature of financial gimmicks and use of corporate actions. The speaker will illustrate financial gimmicks relating to capital restructuring, fund raising, and corporate restructuring by real life cases.

Don’t miss the seminar on 21 Jan to gain insights on the first successful case by liquidators of a Cayman Island investment fund to claw-back redemption proceeds paid to an investor on the grounds of preference, and get the latest updates on onshore and offshore legal principles relating to antecedent transactions.

Enrol in the seminar on 31 Jan to learn the benefits, procedures and criteria for obtaining Hong Kong tax resident status in order to enjoy treaty benefits under comprehensive double taxation agreements and arrangements. The Inland Revenue Department’s guidelines and the ways to resolve disputes will also be discussed.

The workshop on 12 Feb will cover how to evaluate various spin-off models and to plan a successful spin-off for a listed company. The regulatory, accounting constraints, implications and market trends of spin-offs will also be discussed.

HKSI 10th Business Ethics Forum
The Hong Kong Securities and Investment Institute’s (HKSI) 10th Business Ethics Forum: Business Ethics in the Digital Era on 7 Feb will feature prominent business leaders and regulators from the financial services industry.
Join the sports & recreational interest groups

The Institute has 15 interest groups to organize sports and recreational activities for members. Membership of the interest groups is free of charge, and each member can join up to five interest groups. Login to myCPA to join the interest groups by 31 Jan.

BOC HKICPA Platinum Card

Apply for a BOC HKICPA Platinum Card to enjoy double bonus points for the settlement of payments to the Institute. The card also serves as your Institute membership card for attending our events.

January bridge gathering

The bridge gathering on 15 Jan is now open for enrolment. Furnish your skills by joining this practice session.

Fitness and stretching class

Sign up for the fitness and stretching class commencing on 12 Feb to improve your overall health and well-being by doing low intensity exercises and stretching.

AML notice

Visit the Institute's anti-money laundering dedicated webpage for the updated lists of terrorists, terrorist associates and relevant persons/entities under United Nations sanctions.

Invitations to comment

The Institute is seeking comments on:

The HKEX Consultation Paper on Review of Chapter 37 – Debt Issues to Professional Investors Only. Members are invited to submit views or comments on the proposals, together with their membership number and contact details, to the Advocacy & Practice Development Department by 24 Jan.

The IASB Exposure Draft ED/2019/7 General Presentation and Disclosures by 22 May.

IASB’s forthcoming amendments on classification of liabilities

The Institute submitted a letter to recommend that the IASB provides clearer rationale and illustrative examples to support the changes to the classification of common convertible bonds in the forthcoming amendments to IAS 1 Presentation of Financial Statements.

IFRS/HKFRS 17 Insurance Contracts workshops – General insurance and life insurance

The workshops on 2 and 5 Mar will help non-life insurers to develop a working knowledge of the standard. The workshops will focus on specific application issues, practical examples and interaction with other standards.

The workshop on 9 Mar will teach life insurers in-depth knowledge and practical application skills in relation to life insurance.

Revision to Part 4B of the International Code of Ethics

The IESBA has revised Part 4B of the International Code of Ethics for Professional Accountants (Including Independence Standards) to align with the revised assurance terms and concepts in ISAE 3000 (Revised) Assurance Engagements Other than Audits or Reviews of Historical Financial Information.

ORO tender notice

The Official Receiver’s Office (ORO) has issued a tender notice for taking up of appointment as provisional liquidators under section 194(1A) of the Companies (Winding Up and Miscellaneous Provisions) Ordinance. The deadline for tender submission is 20 Jan, 12:00 noon.

ORO Circular No.1/2019

Starting from 2 Jan, the Official Receiver accepts applications from liquidators for the appointment of solicitors under certain circumstances. Read the ORO Circular No. 1/2019 for details.


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