Transitional arrangements (for students registered pre-15 August 2004)
Transitional arrangements for students who registered with ACCA on or before 15 August 2004.
1. Has the 2020 MRA changed my options?
No. The MRA incorporates the transitional rules agreed for members who were students registered on or before 15 August 2004, which are identical to those agreed as part of previous MRA terms, and which are detailed below:
The provisions of the 2000 MRA will continue to apply to members of ACCA applying for membership of the HKICPA only if:
- the applicant was registered as a student of ACCA on or before 15 August 2004 and has completed and passed the ACCA Qualification before the following relevant dates. Therefore:
- if you held an accounting degree at 15 August 2004, then you must have passed your ACCA Qualification by 30 June 2007;
- if you held a non-accounting degree at 15 August 2004, then you must have passed your ACCA Qualification by 30 June 2008;
- if you did not hold a degree (accounting or non-accounting) at 15 August 2004, then you must have passed your ACCA Qualification by 30 June 2009; AND,
- the applicant has completed the HK Practical Experience Requirement provided that your practical experience has been gained under an Authorised Employer or Authorised Supervisor for the full Period (three to five years as may be required) of the HK Practical Experience Requirement.
2. If I fail to complete and pass the ACCA Qualification before the relevant dates, am I eligible to apply for HKICPA membership?
Yes, but you will be required to apply under the terms of the 2020 MRA.
3. If I complete and pass the ACCA Qualification before the relevant dates, am I required to pass the HK aptitude tests in order to apply for membership of HKICPA?
No, you will not be required to complete the HK Aptitude Tests.
4. I did not hold any degree before 15th August 2004 but obtained a degree for further exemptions from the ACCA Qualification afterwards. Will the due date for completing my ACCA Qualification (ie 30 June 2009) be changed?
No, the due date will remain the same.