On 18 December 2024, the Securities and Futures Commission (“SFC”) issued a circular outlining updates to the licensing process and the revamped Second-Phase Assessment[i] for virtual asset trading platforms (“VATPs”)…
As artificial intelligence (“AI”) technologies continue to permeate the financial sector, regulators worldwide have faced challenges in addressing the potential risks associated with their adoption. The Hong Kong Monetary Authority…
Introduction Hong Kong’s insurance industry is governed by the Insurance Authority (IA), an independent statutory body responsible for overseeing insurers and intermediaries under the Insurance Ordinance (Cap. 41). This legislation…
Introduction The Hong Kong Monetary Authority (“HKMA”), in collaboration with the Financial Services and the Treasury Bureau (“FSTB”), released a public consultation paper on 27 December 2023 outlining a legislative…