07 Jun 2023
Following the Consultation Paper on the Proposed Regulatory Requirements for Virtual Asset Trading Platform Operators Licensed by the Securities and Futures Commission published by the Securities and Futures Commission on 20 February 2023 (the "Consultation Paper"), the SFC has published the Consultation Conclusions on the Proposed Regulatory Requirements for Virtual Asset Trading Platform Operators Licensed by the SFC on 23 May 2023 (the "Consultation Conclusion"). Appended to the Consultation Conclusion are the finalised Guidelines for Virtual Asset Trading Platform Operators ("VATP Guidelines"), the Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Corporations and SFC-licensed Virtual Asset Service Providers) ("AML Guidelines") and the Prevention of Money Laundering and Terrorist Financing Guideline issued by the Securities and Futures Commission for Associated Entities of Licensed Corporations and SFC licensed Virtual Asset Service Providers. For details on the Consultation Paper, please refer to our article "The proposed regulatory requirements for the incoming virtual asset trading platform operators licences".
This client alert summarises the key takeaway points in the Consultation Conclusion, the VATP Guidelines and the AML Guidelines.
Click here to read more.
Katherine Liu Partner
T: +852 2533 2717 M: +852 6193 5227 Email Katherine | Vcard Office: Hong Kong
James Wong Associate
T: +852 3166 6933 M: +852 9447 7337 Email James | Vcard Office: Hong Kong
Alan Wong Associate
T: +852 2533 2719 M: Email Alan | Vcard Office: Hong Kong