Circular on permitting virtual asset trading platform operators to accept affiliated market makers
Worth readingVAConduct
What the SFC said
The SFC will allow licensed VATP operators to permit an affiliated company to conduct market making on their platform, subject to safeguards: functional independence, conflict-of-interest policies, a designated RO/MIC, information barriers, client-order priority and post-trade identification of affiliated trades.
This page is our summary and commentary, not the circular itself — always read the original before acting.
Same month in the Record
26EC9Circular to intermediaries HKEX market rehearsals for its backbone network upgrade for securities market syste…26EC5Circular on licensed corporations providing virtual asset dealing services (1) to offer financing for virtual …26EC7Circular to Licensed Corporations Engaged in Asset and Wealth Management Activities - Asset and Wealth Managem…
Get circulars like this explained every Monday.
The 5-minute briefing for Hong Kong’s small licensed firms — free, 7:30am HKT.