Hong Kong’s securities industry faces new compliance rules requiring license applicants to take a single-provider regulation exam, prompting calls for suspension and open consultation from the Securities and Futures Professionals Association.
Hong Kong’s crypto sector is experiencing unexpected compliance changes after regulators mandated that license applicants and Responsible Officers must pass a virtual asset regulations exam administered by a single training provider. This requirement, communicated quietly via verbal notices and emails, sparked concern over transparency and fairness. The Securities and Futures Professionals Association has urged authorities to halt the enforcement and conduct a formal public consultation to address industry concerns.