TechFlow, June 12 — According to an announcement by the Hong Kong Securities and Futures Commission, proposals have been made to expand the list of restricted terms under the Securities and Futures Ordinance to prevent unregulated entities from using names that may mislead the public. This move aims to strengthen investor protection, particularly in response to the rise of virtual asset trading platforms.
The new proposal extends restrictions to commonly used terms carrying meanings similar to "exchange" (such as "trading platform") and terminology referring to regulated financial products and platforms (such as "virtual assets" and "settlement facility"). Meanwhile, the SFC also proposes introducing similar restrictions under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.
