In view of the effective date of the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022 on June 1, 2023, the Securities and Futures Commission of Hong Kong, SFC, has published a new General Notice (G.N. 3121/2023) in which it officially gazettes the new Guidelines for Virtual Asset Trading Platform Operators which are effective same day. The guidelines cover a wide array of topics, ranging from competence, fit and proper, and own fund requirements of platform operators, to requirements pertaining to the custody of client money or the management of cyber-security risks and conflicts of interest. The guidelines also describe ongoing reporting and notification obligations of operators and governance-related requirements such as internal audit and compliance obligations.
G.N. 3121 / 2023
ID
23420
Other Features
AML
auditing
CDD/ KYC
CFT
compliance
conflict of interest
crypto-assets
custodian
cyber security
disclosure
due diligence
governance
notifications
own funds
professional competence
registration
reporting
risk
securities
trading
trading venues
Date Published: 2023-05-25
Date Taking Effect: 2023-06-01
Regulatory Framework: Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022
Regulatory Type: procedure
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