The Hong Kong Securities and Futures Federation proposes the establishment of an independent virtual asset industry development self-regulatory organization
2024-04-22 12:41:07
The Hong Kong Securities and Futures Professionals Association published a letter to the Hong Kong Finance and Treasury Bureau on its official website, "Proposing the establishment of an independent self-regulatory organization for the development of the securities, futures, asset management and virtual asset industries", in which it pointed out that "in the context of Hong Kong, this Council recommends that the Securities Supervision Commission still retain the power to supervise market conduct (for example, prohibiting insider trading, fraud, and market manipulation transactions, etc.), but split the licensing power into a self-regulatory body composed solely of the securities, futures, asset management and virtual asset industries (and generally refers to licensed intermediaries for regulated activities currently defined by the Hong Kong Securities Supervision Commission).
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