The Securities and Futures Commission (SFC) of Hong Kong, on Monday, published a detailed circular of the requirements exchange-traded fund managers need to meet to list their crypto products in the city.
The circular read, “SFC has been actively looking into a regime that would enable the authorization of investment products providing exposure to VAs and would meet investor demands with appropriate safeguards from an investor protection perspective.”
Part of the requirements on what the SFC expects from any ETF issuer that aspired regulatory approval to list a futures crypto product in Hong Kong include virtual assets products to meet the needs overseeing unit trusts, mutual funds, and unlisted structured products.
Additionally, virtual assets futures ETF issuers have a good track record of regulatory adherence and a proven track record of a minimum of three years in managing ETFs.
ETF issuers to affirm virtual asset…
