Noble Mak

Ms. Mak is an associate in Davis Polk’s Litigation Department, resident in Hong Kong. [Full Bio]

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As we discuss in our memorandum released today and available here, the Hong Kong Securities and Futures Commission (“SFC”) last week took a significant step in its regulation of virtual asset activities by establishing a new, opt-in regulatory sandbox framework for virtual asset trading platform operators, proposing new licensing requirements for portfolio managers and imposing new requirements on fund distributers engaged in virtual asset activities.  These actions were issued through several documents, including a…