The Financial Services and the Treasury Bureau and the Hong Kong Securities & Futures Commission have published consultation conclusions on legislative proposals to regulate virtual asset advisory and management service providers in Hong Kong. The proposals received broad market support and would align the scope of the new regimes with Type 4 advising on securities and Type 9 asset management regulated activities under the Securities and Futures Ordinance, following the principle of same business same risks same rules. The consultation received 51 responses from a broad range of stakeholders. The new regimes are to be introduced under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance and would sit alongside Hong Kong's proposed regimes for virtual asset dealing and custody. The authorities will now finalise the legislative proposals and aim to introduce a bill into the Legislative Council in 2026. Existing and prospective virtual asset advisory and management service providers are encouraged to engage early with the Hong Kong Securities & Futures Commission for pre-application discussions.
Hong Kong Securities & Futures Commission2026-05-26
Hong Kong Securities & Futures Commission and Financial Services and the Treasury Bureau publish consultation conclusions on virtual asset advisory and management regimes ahead of 2026 bill
The Financial Services & the Treasury Bureau and the Hong Kong Securities & Futures Commission have issued consultation conclusions on proposals to regulate virtual asset advisory and management service providers under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. The regimes will align with Type 4 and Type 9 activities under the Securities and Futures Ordinance and complement Hong Kong’s proposed virtual asset dealing and custody regimes. The authorities aim to introduce a bill into the Legislative Council in 2026 and encourage firms to engage early with the SFC for pre-application discussions.