The Circular states that, the AMAC plans to kick off the record-filing program soon for basic information on Hong Kong institutions that render consulting services for investment in Hong Kong stocks. During the initial record-filing, a Hong Kong institution that renders consulting services for investment in Hong Kong stocks is required to submit the scanned copies of all documents specified on the List of Materials for Record-filing of Hong Kong Institutions, complete the Record-filing Form on Basic Information of a Hong Kong Institution, and ensure the truthfulness, accuracy, completeness and validity of the contents of all materials it submits for the record-filing purpose. Moreover, the Circular requires that, if any drastic change, such as the change of the controlling shareholder, the change of the responsible person, or the punishment for a major violation of the law or regulations, happens to a Hong Kong institution during the period when it provides consulting services for investment in Hong Kong stocks, it shall file a record for the change to important information within seven working days. Each Hong Kong institution shall file a record on a yearly basis to update its information within six months after the end of every calendar year.