Hong Kong MSO license application，What are the process conditions?

Hong Kong MSO license application，What are the process conditions? as we all know，The Hong Kong market implements a financial license management system，After obtaining the MSO license，This means that you have obtained a pass in the Hong Kong currency and foreign exchange markets.，Enterprises or institutions can also conduct stock trading at the same time、financial derivatives，Trading in foreign exchange and gold。 Now our company has a money service company in Hong Kong that is ready to be transferred，Need to contact。We also accept MSO license applications。

Support the preliminary review of the Hong Kong company situation of the demander，Provide corresponding compliance advice on newly issued licenses，Licensee available，Office space and professional compliance advisors、Accountant、Lawyer services。Hong Kong Xintong - Looking forward to serving you。

1. 1Who needs to apply for a license? Anyone who operates or intends to operate a money service needs to apply for a license。
2. 2Who is eligible to obtain a license?

According to section 30 of the Ordinance(3)strip，The Commissioner may only do so if he is satisfied that:，before granting the applicant a license to operate a money service or renewing the license held by the applicant— (a)If the applicant is an individual，the individual and each ultimate owner are fit and proper persons to operate the money service； (b)If the applicant is a partnership，Each partner and each ultimate owner of the partnership is a fit and proper person to carry on money services； (c)If the applicant is a corporation，Each director and each ultimate owner of the corporation is a fit and proper person in connection with the conduct of a money services business。

1. 3What is a lifelong owner?
2. 1Where the license applicant or licensee is an individual，The ultimate owner is one (a)means another individual who ultimately owns or controls that individual’s money services business；or (b)If the first-mentioned individual is acting on behalf of another person，refer to another person。
3. 2Where the license applicant or licensee is a partnership，The ultimate owner is one (a)has the right, directly or indirectly, to share or control more than 25% of the capital or profits of the partnership; (b)Directly or indirectly entitled to exercise more than 25% of the voting rights in the partnership，or the exercise of voting rights that govern that proportion；or (c)exercise ultimate control over the management of the partnership。
4. 3Where the license applicant or licensee is a corporation，The ultimate owner is one (a)own or control, directly or indirectly(Includes holding through trust or bearer shares)More than 25% of the issued share capital of the corporation； (b)Directly or indirectly entitled to exercise more than 25% of the voting rights at general meetings of the corporation，or the exercise of voting rights that govern that proportion；or (c)may exercise ultimate control over the management of the corporation。
5. 4What does fit and proper person mean?

When the Commissioner determines whether a person is a suitable candidate，The following factors must be taken into account: (a)whether the person has ever been convicted of a crime (i)Section 5 of this Ordinance(5)、(6)、(7)or(8)、10(1)、(3)、(5)、(6)、(7)or(8)、13(1)、(3)、(5)、(6)、(7)or(8)、17(9)、20(1)、61(2)or 66(3)Offenses under Article； (ii)"United Nations(Counter-terrorism measures)Regulations(Chapter 575)14th(1)Offenses under Article； (iii)"Drug Trafficking"(Recovery of proceeds)Regulations(Chapter 405)25th(1)、25A(5)or(7)Offenses under Article，or an offense specified in Schedule 1；or(iv)Organized and Serious Crimes Ordinance(Chapter 455)25th(1)、25A(5)or an offense under section 8，or an offense specified in Schedule 1 or 2； (b)whether the person has been convicted outside Hong Kong— (i)Committed a crime for a certain act，And if the act is done in Hong Kong，will form(a)(i)、(ii)、(iii)or(iv)specified offense； (ii)Commit an offense relating to money laundering or terrorist financing；or (iii)commit any crime，and the person has been fraudulent、A finding of fraud or dishonesty is essential to the conviction； (c)whether the person repeatedly fails to comply with any requirements imposed under this Ordinance

Require

or any regulations made by the Commissioner under section 51； (d)(if the person is an individual)whether the person is an undischarged bankrupt or a bankrupt under the Bankruptcy Ordinance(Chapter 6)subject matter of bankruptcy proceedings under； (e)(if the person is a corporation)Is the person in the process of liquidation?，or whether the subject of any winding up order，or whether a receiver has been appointed in respect of that person。

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Hong Kong Xintong focuses onHong Kong Securities and Futures Commission license、Hong Kong Insurance Broker License、Hong Kong MSO Licenseandmoneylenders licenseApply for service，Assist customers to applyUS MSB license、NFA、RIA、Canadian MSB license、Mainstream overseas financial licenses such as Australia and Mexico，Support enterprises to achieve compliance expansion of cross-border financial business。Also availableCayman Islands Offshore Company Registration、Offshore fund establishment and global compliance operations and other services，Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more，Please contactHong Kong Information Communications Consultant。