SFC

Guide to Obtaining a VASP Licence in Hong Kong
Guide to Obtaining a VASP Licence in Hong Kong 1400 788 Hauzen LLP
A simplified guide to requirements virtual asset trading platforms (or cryptocurrency exchanges) must meet to obtain a virtual asset service provider licence. 

SFC Conclusion on New Regulatory Regime for Virtual Asset Trading Platform Operators
SFC Conclusion on New Regulatory Regime for Virtual Asset Trading Platform Operators 1400 788 Hauzen LLP
We believe the new framework will help to establish Hong Kong as a virtual asset (“VA”) hub and attract quality crypto service providers to obtain a license.
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Hong Kong SPACs’ Bedazzling Debut – Act II
Hong Kong SPACs’ Bedazzling Debut – Act II 1400 787 Greg Heaton
While a honeypot to some celebrities, tycoons and their professional advisors, SPACs have by and large been disastrous for everybody else.

HKMA’s Circular on Access to Banking Services
HKMA’s Circular on Access to Banking Services 1400 788 Byron Chow
Advancing financial inclusion and customer fair treament while authorized institutions adopting a proportionate and effective risk-based approach to AML & CFT.

Managing a Cryptocurrency Portfolio – What Licensed Asset Managers Need to Know
Managing a Cryptocurrency Portfolio – What Licensed Asset Managers Need to Know 1400 788 Hauzen LLP
What should asset managers do if they want to manage portfolios holding virtual assets? To address risks, SFC has started to regulate VA portfolio managers.

Hong Kong SPACs’ Bedazzling Debut – Act I
Hong Kong SPACs’ Bedazzling Debut – Act I 1400 788 Greg Heaton
Hong Kong historically discouraged shell manufacturing and backdoor listings. It has now formalized these practices with the introduction of a SPAC regime.

Passage of AML and CTF (Amendment) Bill 2022
Passage of AML and CTF (Amendment) Bill 2022 1400 788 Hauzen LLP
The amended AMLCTFO will come into effect in phases in 2023Q2 to provide industries concerned with sufficient time to prepare for new regulatory requirements.

Hong Kong Wah Kiu Investment Co Ordered to Compensate Clients
Hong Kong Wah Kiu Investment Co Ordered to Compensate Clients 1400 788 Hauzen LLP
The SFC’s investigation reveals intent to defraud or deceive and orders HKWKICL clients compensated

Hong Kong Embraces Cryptocurrency: Get Ready for New VASP Regime
Hong Kong Embraces Cryptocurrency: Get Ready for New VASP Regime 1400 787 Basil Hwang
Operating a virtual asset in Hong Kong? Learn what you need to do to get ready for the new SFC legislation starting 01 June 2023!

SFC Suspends RO of Rifa Futures Ltd for Breach of KYC, AML & CFT Reqs
SFC Suspends RO of Rifa Futures Ltd for Breach of KYC, AML & CFT Reqs 1401 786 Hauzen LLP
SFC taking much stronger approach against failure to adhere to KYC, AML & CFT standards. Mere for-show due-diligence and monitoring checks will not suffice.
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