Hong Kong VASP regime — what the new RO regime actually requires
Two Responsible Officers, real fitness-and-properness, and a 10—15 month review window. A practical read of the SFC's posture.
The April 2024 amendments reshape who qualifies as a regulated DPT service provider, tighten client-asset segregation, and bring cross-border activity in scope regardless of where customer funds are received.
Read the briefingTwo Responsible Officers, real fitness-and-properness, and a 10—15 month review window. A practical read of the SFC's posture.
Capital adequacy, complaints handling, and operational resilience finalised. A practical read for operators already authorised.
Capital and licence fees are predictable. Substance, custody architecture, and proof of insurance are not.
Forty-five minutes with a partner. Jurisdiction memo within seven days. No retainer required to start.