Regulatory Alerts2026-05-27
Added · Updated
Terms and conditions for licensed corporations or registered institutions managing portfolios investing in virtual assets
The Securities and Futures Commission and the Hong Kong Monetary Authority issued these terms to regulate Virtual Asset Fund Managers managing collective investment schemes with significant exposure to virtual assets. The document mandates strict custody arrangements, requiring functional independence, segregation of assets, and detailed risk assessments for both self-custody and third-party custodians. It further imposes rigorous requirements on financial resources, valuation methodologies, record-keeping, and comprehensive risk disclosure to fund investors.