BlockBeats News, October 20th: Last week, the Securities and Futures Commission of Hong Kong expressed its support for market-driven regulation compliance at a seminar hosted by the Hong Kong and Greater Bay Area Fund Administrators Association. The seminar aimed to enhance the industry’s awareness of regulatory compliance standards in the rapidly growing digital asset sector.
Dr. Ashley Alder, the Chief Executive Officer of the Intermediaries Division of the Securities and Futures Commission of Hong Kong, delivered a keynote speech at the seminar. During the seminar, the Hong Kong and Greater Bay Area Fund Administrators Association discussed various risk management and monitoring measures to support the management of digital asset funds and tokenized funds. It is worth noting that the discussion emphasized the importance of industry collaboration within the fund sector to strengthen the adoption of innovative technologies in fund management and enhance the industry’s technical and regulatory compliance capabilities related to digital assets.
Dr. Alder stated: “The Commission is committed to enhancing the professionalism and promoting mutual trust in the digital asset market. By supporting industry practitioners in their continuous efforts to comply with regulatory requirements in managing digital asset funds and tokenized funds, we aim to establish a secure, reliable, sustainable, and competitive ecosystem for digital asset funds based on robust risk management and investor protection.” (Jinse Finance)
