Скачать с ютуб Webinar | Overview of Hong Kong VASP licensing & SFC Consultation Conclusions | 12 July 2023 в хорошем качестве

Webinar | Overview of Hong Kong VASP licensing & SFC Consultation Conclusions | 12 July 2023

The Hong Kong Securities and Futures Commission has recently released its consultation conclusions on the Proposed Regulatory Requirements for Virtual Asset Trading Platform Operators Licensed by the Securities and Futures Commission in February 2023. This finalises the detailed regulatory requirements for Virtual Asset Trading Platforms operators under the SFC licensing regime. Along with the licensing regime under the new Part 5B of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, which came into effect on 1 June 2023, Hong Kong now has two licensing regimes for entities carrying on a business of operating a virtual asset trading platform. This webinar discusses the requirements for platform operators to become licensed under the two regimes and their ongoing obligations under them. It covers the following topics: ∙ the overview of the Hong Kong Virtual Asset Service Provider licensing regime and the background to the SFC consultation conclusions on the proposed regulatory requirements for Virtual Asset Trading Platform operators; ∙ retail access to licensed virtual asset trading platforms; ∙ insurance or compensation arrangements; ∙ trading in virtual asset derivatives; ∙ other adaptations to existing requirements incorporated into the SFC’s Guidelines for Virtual Asset Trading Platform Operators; and ∙ the transitional arrangements under the licensing regimes. #VASP #SFC #LicensingRequirements Timecodes: 00:00 Julia Charlton's welcome speech 00:11 Virtual Asset Trading Platform Operators: 2 Licensing Regimes 02:40 Financial Action Task Force (FATF) Requirements 02:56 Licensing under the AMLO 03:47 Providing a VA Service 05:29 Virtual Assets Definition 06:27 Exclusions from Virtual Asset Definition 07:08 SFO Licensing 09:27 Eligibility for Licensing under AMLO & SFO 09:59 Platform Operators’ Fitness & Properness 10:07 Licensed VASP: Financial Resources Requirement 11:02 Platform Operators’ Competency 11:59 Responsible Officer Requirements 14:06 Responsible Officers’ Fitness and Properness 15:12 Responsible Officers’ Educational Qualifications or Experience 16:01 Responsible Officers’ Industry Experience 18:03 Licensed Representatives 18:51 Licensed Representatives Required Educational Qualifications & Experience 19:43 Substantial Shareholders and Ultimate Owners 20:56 SFC Approval of a VASP’s Ultimate Owner 21:59 Managers-In-Charge of Core Functions (MICs) 23:22 VASP Complaints Officer & Emergency Contact Person and SFC Approval of Premises 23:53 VASP Licensing Application Process 26:15 Submission of Platform Operators’ Bank Account Information and SFC Regulatory Sandbox 26:51 VASP Licensing Conditions 28:37 Token Admission and Review Committee Requirements 30:08 VASP Obligations and Responsibility for Conduct & Adherence to Procedural Requirements 31:03 Virtual Asset Due Diligence and Admission Criteria 37:05 Providing VA Trading Services to Retail Investors 39:31 Prohibition on Trading Virtual Asset Derivatives and other Restricted Activities 40:46 Protections for Retail Investors and Retail Clients’ Knowledge of VA 41:45 Clients’ Suitability for Trading Virtual Assets and Virtual Asset Exposure Limits for VA Retail Clients 42:52 Suitability Obligations 43:36 Virtual Asset Due Diligence and Admission Criteria 44:08 VASPs’ Disclosure Obligations 44:46 Disclosure of Information for each Virtual Asset Traded 46:05 VASPs’ Obligations re. Handling Client Virtual Assets 47:40 VASP Insurance and Compensation Provision 49:22 Anti-Money Laundering & Counter-Terrorist Financing Obligations 50:48 Application of the Travel Rule to VA Transfers 52:20 Auditor Appointment and Submission of Audited Accounts/ Financial Resources Returns and Licensed VASPs’ Ongoing Reporting & Notification Obligations 52:59 Changes to VASP Licences Requiring Prior SFC Approval 54:10 Continuous Professional Training Requirements for Licensed Individuals 54:53 Market Misconduct Regime for Activities involving Virtual Assets 55:20 The SFO’s Market Misconduct Regime 55:40 Offence to Issue Advertisements to the HK Public to Acquire, Dispose of, Subscribe for or Underwrite Securities 55:56 SFC Powers with respect to Licensed VASPs 56:39 Transitional Arrangements for VA Exchanges Operating in HK before 1 June 2023 Charltons Law Firm: https://www.charltonslaw.com/ Julia Charlton https://www.charltonslaw.com/the-firm... Don’t forget to follow our YouTube-channel and social media accounts: Telegram: https://t.me/charltonslaw LinkedIn:   / 2995759   Facebook:   / charltons   Instagram:   / charltonslaw   Rumble: https://rumble.com/c/c-1647355