Hong Kong: SFC circular to licensed corporations on use of generative AI models in financial sector
Progress
Current status
adopted
12 Nov 2024 adopted
Scope
Implementers
Hong Kong
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
other service provider
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Issued SFC circular to licensed corporations on use of generative AI models in financial sector
On 12 November 2024, the Securities and Futures Commission (SFC) issued a circular addressing the use of generative AI models by licensed corporations (LCs) in the financial sector. The circular outlines obligations for LCs to manage potential risks…
Event type
outline
Action type
adoption
Government branch
executive
Government body
other regulatory body