Hong Kong Securities and Futures Professionals Association Urges SFC to Optimize CVAP Exam, Voices Concern Over Operational Costs of New Virtual Asset Policies

CoinFeed reported on July 6, citing Sing Tao Headline, that the Hong Kong Securities and Futures Professionals Association stated that after a meeting with regulatory representatives including Deputy Secretary for Financial Services and the Treasury Joseph Chan Ho-lim and SFC Executive Director of Intermediaries Keith Choy, the SFC committed to advancing measures such as splitting the "Virtual Asset Platform Operator Examination" (CVAP) into separate exam and course components, optimizing study materials, and reducing examination fees. The association will follow up on the relevant timetable and continue discussions with the Financial Services and the Treasury Bureau and the SFC on practical issues such as private fund self-custody operational guidelines, the boundary between technology services and regulated activities, and the regulatory framework for VA payments.