[In-person] SFC Manager-In-Charge Regime Roundtable – Virtual Asset Service Providers


Virtual asset intermediaries previously unregulated are entering a new world of obligations once they seek to become licensed. The senior management of licensed firms bears the key responsibility for the governance, risk and compliance management of their firms.

Coming from areas of the financial services industry beyond the regulatory perimeter, many senior managers of virtual asset service providers (VASP) will be unfamiliar with their responsibilities and the SFC’s expectations.


The key topics to be covered:
• Refresher on the key objectives of the MIC regime, the requirements of core functions, and what constitutes its fully mature implementation;
• Recent enforcement actions on MICs taken by the SFC and overseas regulators, and the implications for MICs of VASPs;
• The regulatory expectations for MICs in discharging their duties, especially for the virtual assets-related operations and in dealing with SFC supervisory actions;
• Overview of the VASP regime and responsibilities of MICs in ensuring their firm’s compliance with the key requirements;
• MICs’ roles and responsibilities in relation to specific areas such as the operation of bank accounts, operational resilience, electronic data storage providers, operational disruptions, financial distress and their implications in the context of VASPs; and
• Roundtable discussion on key challenges faced by MICs and senior management.

Who should attend

Senior management (including MICs) of licensed corporations and VASP license applicants, and compliance officers

Speaker/Course Instructor

Eugene GOYNE
Eugène is EY’s APAC Financial Services Regulatory Leader. He advises global financial institutions, industry associations, regulators and governments on financial regulatory compliance and policy. He has over 30 years in government and senior regulator roles, and joined EY from the SFC.
Rui is Senior Manager, Financial Services Risk Management at EY. Over the course of his career, Rui has developed deep knowledge of risk and regulation across financial services and has extensive experience delivering regulatory advisory and internal control review projects for global financial institutions in both London and Hong Kong.


Date & Time
Wednesday, 13 Sep 2023 (12:00PM - 2:00PM)
HKSI Institute, 17/F, Cambridge House, Taikoo Place, 979 King’s Road, Quarry Bay, Hong Kong
Relevant Subject
Type 1 - Dealing in securities
Type 2 - Dealing in futures contracts
Type 3 - Leveraged foreign exchange trading
Type 4 - Advising on securities
Type 5 - Advising on futures contracts
SFC:2.00, PWMA:2.00