Hong Kong Financial Regulators Sign MOU to Expand Oversight to Licensed Firms and Funds
SingTao · 2 SOURCESabout 5 hours ago2 MIN
Summary
The Accounting and Financial Reporting Council (AFRC) and the Securities and Futures Commission (SFC) signed a new Memorandum of Understanding on September 28, 2026, marking a significant expansion of their regulatory partnership. The agreement extends cooperation to licensed corporations, SFC-licensed virtual asset service providers, authorized funds, and registered open-ended fund companies. It establishes a comprehensive framework for information sharing, case referrals, mutual assistance, and coordinated inspections and investigations on matters of mutual regulatory concern.
Key Points
- The AFRC and SFC signed the new MOU on Monday, September 28, 2026, expanding their existing partnership
- The agreement covers financial and compliance reporting of licensed corporations, virtual asset service providers, authorized funds, and open-ended fund companies
- The MOU establishes a framework for information sharing, case referrals, mutual assistance, and coordinated inspections and investigations
- AFRC Chairman Simon Suen said the MOU represents a milestone in their long-standing partnership and will enhance public interest protection
- SFC Chairman Thomas Wong stated the enhanced cooperation will ensure more comprehensive regulation and reinforce Hong Kong's status as a trusted international financial center
Why It Matters
The expanded regulatory framework addresses gaps in Hong Kong's financial oversight by bringing licensed virtual asset service providers and fund companies under coordinated supervision . This move is expected to strengthen market integrity and investor confidence as Hong Kong positions itself amid growing global scrutiny of digital asset regulation and fund governance .
The expanded regulatory framework addresses gaps in Hong Kong's financial oversight by bringing licensed virtual asset service providers and fund companies under coordinated supervision . This move is expected to strengthen market integrity and investor confidence as Hong Kong positions itself amid growing global scrutiny of digital asset regulation and fund governance .