Hong Kong S.a.r. Accounting Professionals Sea Zone Of Modern Service Industry In Shenzhen-Hong Kong Cooperation Before The Application For Interim Measures For The Coopers

Original Language Title: 香港特别行政区会计专业人士申请成为前海深港现代服务业合作区会计师事务所合伙人暂行办法

Read the untranslated law here: http://www.chinalaw.gov.cn/article/fgkd/xfg/dfzfgz/201305/20130500387262.shtml

Hong Kong S.A.R. accounting professionals Sea zone of modern service industry in Shenzhen-Hong Kong cooperation before the application for interim measures for the Coopers

    (January 29, 2013, Shenzhen People's Government announced order No. 247, come into force on the date of promulgation) first to standardize the Hong Kong S.A.R. accounting professionals before the Sea zone of modern service industry in Hong Kong-Shenzhen cooperation (hereinafter referred to as qianhai zone) Coopers, in accordance with the relevant laws and regulations and practical, these measures are formulated.

    Referred to in article Hong Kong S.A.R. accounting professionals, refers to the Chinese CPA qualification and membership of the HKSA, while holding a Hong Kong permanent identity cards of the Hong Kong S.A.R. residents.

    Article Hong Kong S.A.R. accounting professionals in accordance with these measures to the financial Department of the Shenzhen Municipal People's Government (hereinafter referred to as the municipal finance department) application in the qianhai zone, establishment of a public accounting firm, and accept the regulation of the financial sector and other relevant regulatory authorities.

    Mentioned in the fourth article of the measures Hong Kong S.A.R. accounting professionals as a partner of the former Sea cooperation area accounting firm, does not include branches.

    Fifth of municipal finance department in accordance with the People's Republic of China certified public accountant Act, the Shenzhen Special economic zone on certified public accountant regulations and the regulations of Shenzhen Special economic zone before the Sea zone of modern service industry in Shenzhen-Hong Kong cooperation and the CPA and interim measures for the supervision and approval of the approach, the approval and supervision of Hong Kong S.A.R. accounting professionals the first Sea cooperation area accounting firm as a partner.

    Sixth Hong Kong S.A.R. accounting professionals as a partner of the former Sea cooperation area accounting firm, except in conformity with the relevant provisions of the regulations of Shenzhen Special economic zone on certified public accountants shall also satisfy the following conditions:

    (A) number of residents from the mainland partner shall not be less than the total number of partners 51%;

    (B) should the partnership agreement to set out important management decisions and conventions, both accounting firms on major management decision of the voting, partner of mainland residents in cumulative voting shall not be less than 51%;

    (C) senior partner, or perform other functions as top management responsibilities, it should be is a partner of the partnership Affairs, and residents from the Mainland.

    Article seventh Hong Kong S.A.R. Accounting Professional qianhai zone, Coopers, subject to the following conditions:

    (A) the age of 60 years;

    (B) certified public accountants professional practice;

    (C) 5 years there before becoming a partner for practice subject to administrative penalties or disciplinary;

    (D) the Chinese CPA qualification, the last 5 years in the accounting firm full-time practice, not less than 3 years experience in accounting firms in the territory;

    (E) within 1 year before becoming a partner did not hide or provide false materials, fraud, bribery or other improper means to apply for the establishment of accounting firms by the Mainland financial sectors or the Hong Kong society of accountants to make inadmissible, refuse to approve or revoke a CPA firm's decisions;

    (Vi) after the establishment of the accounting firm should have at least 180 days a year in the accounting firm practice.

    Eighth in the qianhai zone, established the accounting firm of Hong Kong S.A.R. accounting professionals in established applications, except in compliance with the Treasury Board accounting firms to set up Shenzhen approved the measures for the implementation of administrative licensing of the submitted materials, shall also submit the following materials:

    (A) Mainland provincial Institute of certified and issued by the Hong Kong society of Accountants for the provisions of this article seventh fourth consecutive practice experience;

    (B) members of the Hong Kong society of accountants certificate;

    (C) issued by himself in the accounting firm for at least a year of practicing letters of commitment for more than 180 days;

    (D) I accept issued by the financial sector and other relevant regulatory agencies regulatory commitment letter. Nineth purposes herein from the date of publication.