On July 15, 2025, the Securities and Futures Commission ("SFC") introduced enhanced measures to facilitate visiting professionals in conducting regulated activities or providing virtual asset services (VA services) in Hong Kong. The duration for which visiting professionals can conduct these activities has been extended from 30 to 45 days each calendar year.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On July 15, 2025, the Securities and Futures Commission ("SFC") implemented new regulations to streamline the operations of visiting professionals engaged in regulated activities or providing virtual asset services (VA services) in Hong Kong.
Visiting professionals from overseas group companies of licensed corporations or licensed providers can now apply for a representative license to function as itinerant professionals ("ITPs"), allowing them to provide services in Hong Kong for short periods each year. These ITPs can either engage in regulated activities under the Securities and Futures Ordinance ("SFO") or offer VA services under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance ("AMLO").
Previously, ITPs were restricted to conducting regulated activities or providing VA services in Hong Kong for a maximum of 30 days each calendar year. The SFC has expanded this period to 45 days each year, offering greater flexibility. The application process, other requirements, features, and exemptions for ITPs remain unchanged. Detailed information can be found in the Licensing Handbook or the Licensing Handbook for Virtual Asset Trading Platform Operators, as relevant.
Existing licensed ITPs will have their conditions adjusted to reflect the new 45-day period. The SFC will provide further information on the specific arrangement for these licensees separately.
For any queries regarding this circular, please contact your case officer or email
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