Virtual assets – SFC imposes new rules on licensed fund managers and distributors and considers the regulation of virtual asset trading platform operators

On 1 November 2018, the Securities and Futures Commission (the “SFC”) issued a policy statement and two appendices (the “Policy Statement”) on the Hong Kong regulatory framework for virtual asset portfolios managers, fund distributors and trading platform operators alongside a circular to intermediaries on the distribution of virtual asset funds (the “Circular”).

Read the full report here.