Sfc type 1 license requirement
WebFeb 8, 2024 · Type 1 licence or registration: the Regulators are only prepared to allow intermediaries licensed or registered for Type 1 regulated activity to provide VA-dealing … WebNov 8, 2024 · suspected unlicensed dealing activities – an intermediary conducting Type 1 ( dealing in securities) regulated activity in Hong Kong without: (1) holding a SFC Type 1 license; (2) being able to rely on available exemption (such as the Type 9 incidental exemption, or the “principal” exemption (applicable only to dealing conducted solely with …
Sfc type 1 license requirement
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WebThe SFC will impose new terms and conditions in the form of licensing conditions on: Type 9 licensed fund managers which: ... funds under their management which invest in virtual assets are able to rely on the incidental exemption from the requirement to be Type 1 licensed. The SFC’s “Circular to intermediaries on the distribution of ... WebTo Responsibilities Monitor the compliance functions of the Company and implement the necessary actions to ensure the compliance of all rules and regulations
WebPreviously, Securities and Futures Commission ("SFC") has issued a position paper in November 2024 for licensing of VASPs (SFC type 1 & 7 license) under an opt-in scheme. It applies to platform which enable clients to trade virtual asset ("VAs") with securities features (e.g. security token). WebThe process of applying for a SFC licence requires the proper completion and submission of certain prescribed forms. The forms required will include some or all of the following: Forms for the Hong Kong company - these require factual information on the business structure, contact information, addresses, share capital, corporate and ...
WebDec 11, 2024 · Type 1 – Dealing in Securities Type 2 – Dealing in Futures Contracts Type 3 – Leveraged Foreign Exchange Trading Type 4 – Advising on Securities Type 5 – … WebFeb 8, 2024 · In a further step towards the regulation concerning virtual assets (including electronic token, stablecoins, and other crypto assets) in Hong Congo, on 28 January 2024, the Securities and Futures Earn and the Kong Kong Monetary Authority publication adenine joint circular and appendix document on intermediaries’ virtual asset-related activities.
WebJan 17, 2024 · Twitter. On January 7 2024, the Securities and Futures Commission (the “ SFC ”) issued two circulars to clarify the licensing requirements for private equity (“ PE ”) firms and family offices in Hong Kong. These circulars were issued in response to inquiries from industry participants and their professional advisors.
WebMar 14, 2011 · SFC Regulation of Credit Rating Agencies - Type 10 Regulated Activity. The Securities and Futures Commission has created a new regulated activity to bring credit rating agencies under its licensing and registration framework. Under the revised regulatory regime, credit rating agencies will be subject to capital requirements as well as conduct ... sentence with the word emissionWebwww.financemagnates.com 19 h. Reading time: ~3 m. Gate Group, the owner of the Gate.io crypto exchange trading brand, has confirmed to apply for regulatory approval with the Securities and Futures Commission (SFC) in Hong Kong. It is thus another cryptocurrency platform that wants to join the local market before the new digital assets ... sentence with the word enjoinWebJan 24, 2024 · In order to differentiate SFC Type 9 regulated activity from the regulated activities of advising on securities or futures contracts (Type 4 or Type 5 regulated … sentence with the word eliminationWeb17 hours ago · HashKey PRO has already received regulatory approval from Hong Kong’s Securities and Futures Commission (SFC) to operate as a virtual asset trading platform under a Type 1 license, which means that it can deal in securities, and a Type 7 license, which means that it can provide automated trading services. sentence with the word diverseWebMay 18, 2024 · Individuals who seek licensing or registration with the Securities and Futures Commission ( SFC) need to satisfy the SFC’s competence requirements, including passing the exams overseen by the Hong Kong Securities and Investment Institute ( HKSI ). sentence with the word feeWebApr 12, 2024 · Decentralized finance ( DeFi) projects could be subject to licensing requirements and regulation, a Hong Kong regulator said on Wednesday. Keith Choy, interim head of intermediaries at Hong Kong ... sentence with the word empathicWebA corporation licensed for regulated activity Type 1 (dealing in securities), Type 2 (dealing in futures contracts) or Type 8 (securities margin financing) is required to take out and maintain insurance against specific risks for specified amounts when the SFC approves a master policy of insurance applicable to it. the sweet bird of youth cast