Recognition of Membership
Members of the Hong Kong Institute of Chartered Secretaries (HKICS) have dual membership of both the Institute of Chartered Secretaries and Administrators (ICSA) and HKICS. In addition, members also receive wide recognition from governmental departments, public organisations, statutory professional bodies, regulators as well as legal recognition of their professional status under the Hong Kong Companies Ordinance. Organisations that recognise members’ professional status include:
1. Companies Registry
The Companies Registry explained that members are recognised as a professional company secretary practicing in Hong Kong.
Reference to the Companies Registry defined that Professional Company Secretaries as follows:
a. "a professional company secretary practicing in Hong Kong" means a member of The Hong Kong Institute of Chartered Secretaries ("HKICS") holding the professional designation of FCIS, FCS, ACIS, ACS.
b. "a professional company secretary practicing in that place" means a member of the Institute of Chartered Secretaries and Administrators (ICSA) holding the professional designations of either FCIS or ACIS.
2. Hong Kong Exchanges and Clearing Limited
Members are specifically considered by the Exchange as an acceptable qualification for discharging the functions of company secretary in Main Board Listing Rules 3.28 and Growth Enterprise Market (GEM) Listing Rules 5.14.
3. Hong Kong Bar Association
Members are entitled for the Direct Professional Access (DPA) to practicing barristers for legal advice. DPA allows HKICS members to brief and instruct practicing barristers directly without the intermediary of solicitors.
4. Official Receiver’s Office
Members are qualified to be appointed as a provisional trustee of the bankrupt and as a qualified professional to handle insolvency work under the Bankruptcy (Amendment) Ordinance.