Hong Kong: Issued SFC circular to licensed corporations on use of generative AI models in financial sector
Description
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…
Scope
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), other service provider
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body