Hong Kong SFC Discusses Eliminating 10% Minimum Exemption for Virtual Asset Funds

According to Odaily, Hong Kong Securities and Futures Commission (SFC) discussed eliminating the 10% minimum exemption for virtual asset fund managers, with new regulations taking effect immediately without transition periods. The SFC also confirmed plans to separate virtual asset platform staff certification exams and curricula, with exam fees reduced to align with existing Paper 2 and Paper 3 rates. Additionally, the Hong Kong Securities and Futures Professional Association requested clearer delineation between technology services and regulated activities, calling for a more transparent approval timeline and phased framework.
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