Regulatory Alerts2023-12-22
Added · Updated
Joint circular on intermediaries’ virtual asset-related activities
The Securities and Futures Commission, the Insurance Authority, and the Mandatory Provident Fund Schemes Authority jointly issued this circular to regulate intermediaries' virtual asset-related activities. The document establishes comprehensive requirements for registered institutions regarding the provision of services involving virtual assets, including client onboarding, risk management, and disclosure obligations. It aims to ensure that intermediaries maintain adequate controls and transparency when handling virtual asset transactions to protect investors and uphold market integrity.
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