Hong Kong SFC Pledges Changes to Virtual Asset Platform Practitioner Exam, Industry Group Says

Hong Kong’s Securities and Futures Professionals Association said the Securities and Futures Commission (SFC) has committed to reforms to the Certified Virtual Asset Platform (CVAP) practitioner exam, including separating the exam from its course, improving revision materials, and lowering assessment fees. According to ChainCatcher, the association said the commitments were made after it recently met with regulatory representatives including Deputy Secretary for Financial Services and the Treasury Joseph Chan Ho-lim and SFC Intermediaries Division Executive Director Ye Chi-heng. The association said it will follow up on the implementation timetable and continue discussions with the Financial Services and the Treasury Bureau and the SFC on practical issues, including guidance for private funds’ self-custody operations, the boundary between technology services and regulated activities, and a regulatory framework for VA Payment.