Requires virtual asset trading platforms in Hong Kong to obtain an SFC licence and meet conduct standards.
12
Rules extracted
199
Obligations decomposed
16.6x
Avg obligations per rule
🇭🇰 Hong Kong SAR
Jurisdiction
The Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022 introduced a new licensing regime for virtual asset trading platforms (VATPs) under Schedule 2 of the AMLO, effective 1 June 2023. All centralized VATPs operating in or actively marketing to Hong Kong must be licensed by the SFC. The regime covers licensing requirements, fit and proper criteria, financial resources, custody of virtual assets, client asset segregation, AML/CFT compliance, Travel Rule, market integrity, trading rules, insurance and compensation arrangements, SFC supervisory powers, and transitional provisions for existing operators.
Source
1
Regulation
Extracted
12
Rules
Decomposed
199
Obligations
Decomposition ratio
Each rule is decomposed into an average of 16.6 atomic obligations — the smallest testable units that can be independently violated.
Fully extracted & scored
All 199 obligations have been decomposed, titled, risk-scored, and embedded for semantic matching.
Every obligation in HK VASP Regime is scored across independent risk dimensions:
Obligation Weight
How critical within the regulatory framework
Violation Likelihood
How often breached in practice
Enforcement Evidence
Regulator enforcement history and penalties
Cascade Dependency
How many obligations depend on this one
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12 rules, 214 obligations
16 rules, 260 obligations
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10 rules, 41 obligations
154 rules, 1,975 obligations
614 rules, 3,559 obligations
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