SFC supports market’s initiatives on regulatory compliance for digital asset funds and tokenised funds
- Prudent Advisory Service
- 25 minutes ago
- 1 min read
The Securities and Futures Commission (SFC) showed its support to the market’s initiatives in a seminar organised by the Association of Fund Administrators of Hong Kong and the Greater Bay Area (AFA) last week for raising industry awareness of regulatory compliance standards in the fast-evolving digital asset sector (Note 1).
Dr Eric Yip, the SFC’s Executive Director of Intermediaries, delivered a keynote speech at the seminar comprising over 150 participants, including fund and digital asset professionals as well as legal and compliance experts. During the seminar, the AFA discussed various risk management and control measures to support the management of digital asset funds and tokenised funds. Notably, discussions highlighted the importance for collaborative efforts within the fund industry to strengthen digital asset-related technical and regulatory compliance capabilities while adopting innovative technologies in fund management.
The SFC’s participation in the seminar underscored its commitment to empowering industry through education, engagement and transparency as part of its initiatives under Pillar Re (Relationship) of the “ASPIRe” roadmap (Note 2).
“The SFC is committed to raising professional standards and fostering mutual trust in the digital asset market,” said Dr Yip, “By supporting industry participants in their ongoing efforts to uphold regulatory compliance standards in managing digital asset funds and tokenised funds, we aim to cultivate a safe, reliable, sustainable and competitive digital asset fund ecosystem anchored in robust risk management and investor protection measures.”
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