SFC briefs virtual asset trading platform applicants on regulatory expectations after transition period ends

On 12 Jun 2024 the Securities and Futures Commission (SFC) held a briefing session today to explain its regulatory expectations to the virtual asset trading platform (VATP) applicants that are now deemed to be licensed after 1 June. Over 60 participants, including representatives from the deemed-to-be-licensed VATP applicants and their consultants, attended the morning briefing. Dr Eric Yip, Executive Director, Intermediaries, and Ms Elizabeth Wong, Director of Licensing and Head of Fintech unit, gave a comprehensive overview on the competencies expected of these applicants, and walked them through the licence application process. Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR103