A new version of the Stamp Duty Ordinance was published on Hong Kong’s e-Legislation platform, the official site for the publication of legal documents. The updated version contains amendments in the following parts and the addition of a new schedule:
– Part 3 – Ancillary Provisions Relating to Part II and Part IIA
– Part 7 – Miscellaneous
– Schedule 11 – Transactions relating to Dual-counter Stock
The modifications follow the recent enactment of the [Stamp Duty (Amendment) Bill 2022]() which exempts market makers from having to pay stamp duty on „certain transactions relating to dual-counter stock“, specifically on both sales and purchases of Hong Kong stock provided that the equity has got more than one tranche in different currencies traded at a primary and secondary counter of a market maker. Please see EventID 19168 in this context for more information.
Stamp Duty Ordinance (Cap. 117) (Version Date: 27/01/2023)
ID
21717
Other Features
fees
securities
securities trading
Date Published: 2023-02-03
Date Taking Effect: 2023-01-27
Regulatory Framework: Stamp Duty Ordinance
Regulatory Type: regulation
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