Statement on regulatory framework for virtual asset portfolios managers, fund distributors and trading platform operators

In this guidance, the Securities and Futures Commission (SFC) noted with concern the growing investor interest in gaining exposure to virtual assets via funds and unlicensed trading platform operators in Hong Kong. The SFC identified significant risks associated with investing in virtual assets and which are set in this guidance. In order to address these risks, the SFC issued the guidance on the regulatory standards expected of virtual asset portfolio managers and fund distributors.