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HKSFC Guidance on Virtual Asset Fund Managers: The 4 Key Takeaways
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HKSFC Guidance on Virtual Asset Fund Managers: The 4 Key Takeaways

The Hong Kong Securities and Futures Commission (HKSFC) released the latest guideline “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets”, providing further guidance on fund dealing and virtual asset fund management.

HKPF and SFC Form Joint Working Group to Tackle Illicit Activities in VATPs
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HKPF and SFC Form Joint Working Group to Tackle Illicit Activities in VATPs

The HKPF and SFC have formed a joint working group to enhance monitoring and investigation of illegal activities related to VATPs. The group aims to facilitate information sharing, assess risks, and collaborate on investigations. The move comes amid ongoing investigations into the unlicensed operations of the Dubai-based JPEX exchange.

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