All applications for reduced rates will be considered only upon formal written request. All reduced rates will be effective from the next subscription year after submission of application and approval by the College Council.

Financial policies related to Basic/Higher Trainees & Examination Eligible Candidates:

1. Effective from 1 January 2012, all BST/HST/EEC are required to make payment of their annual registration fee within the first month of the year, i.e. before January 31st. A surcharge of 100% will be levied for those who fail to pay within the first month of the year. Those who still fail to settle the outstanding fee within the first three months of the year, i.e. before March 31st, will be removed from HKICBSC/CSHK Register. [updated & endorsed by HKICBSC/College Council on 18 August 2011/ 28 October 2011 ]
2. Only paid-up registered trainees & EEC are eligible to sit for the Membership Examination of HKICBSC and Fellowship Examination of the College respectively.

   Endorsed by CSHK Council on 17 Dec 2007(with effect from 1 January 2008)
   Updated and Endorsed by CSHK Council on 26 October 2010
   Updated and Endorsed by CSHK Council on 26 January 2011, 22 February 2011
   Updated and Endorsed by CSHK Council on 28 July 2011
   Updated and Endorsed by HKICBSC Council on 18 August 2011
   Updated and Endorsed by CSHK Council on 28 October 2011

Financial policies related to all Ordinary Members & Fellows:

1. Newly admitted Ordinary Members or Fellows are required to pay an entrance fee of HK$ 2,000 or HK$ 3,000 respectively plus an annual subscription fee.
2. Application for retired subscription rate must be accompanied by a written declaration from the applicant confirming that he/she has retired from all remunerative practice/job/business. Fellows concerned must inform the College immediately should there be any change of their retirement status and the reduced rate will cease to apply thereafter.
3. Application for overseas subscription rate must be accompanied by a written declaration from the applicant confirming that he/she is residing outside Hong Kong. Fellows concerned must inform the College immediately should there be any change of their overseas status and the reduced rate will cease to apply thereafter.
4. For applicants who apply for the Ordinary Membership or Fellowship of the College beyond the year he/she was eligible to be conferred, he/she is required to pay for the Entrance Fee of HK$ 2,000 or HK$ 3,000 respectively and the previous Annual Subscription Fees for retrospective application.
5. Effective from 1 January 2012, all members/fellows who are aged over 65 will enjoy a special rate, that is 1/10 of the full subscription rate. For those who are aged over 70, their annual subscription fee will be waived. [Updated & Endorsed by CSHK Council on 28 July 2011]
6. A surcharge of 5% will be levied for any late payment after 30 June of the subscription year. The subscription year refers to the year the annual subscription was due. By the end of January following the subscription year, if any Ordinary Member/Fellow fails to pay his/her annual subscription fee or annual subscription fee of the subscription year as well as the overdue surcharge(5% of the subscription), his/her name shall be removed from the College
   Register upon the final decision of the College Council. [This policy was passed by Council in January 2002, effective from June 2002]

   Endorsed by CSHK Council on 17 Dec 2007(with effect from 1 January 2008)
   Updated and Endorsed by CSHK Council on 26 October 2010
   Updated and Endorsed by CSHK Council on 26 January 2011, 22 February 2011
   Updated and Endorsed by CSHK Council on 28 July 2011
   Updated and Endorsed by HKICBSC Council on 18 August 2011
   Updated and Endorsed by CSHK Council on 28 October 2011