Due to the novel nature of Fintech/Techfin, a business may face legal and regulatory uncertainties. At L & Y we are committed to navigating our clients though the legal and regulatory landscape by leveraging our experience with the relevant Hong Kong financial regulations. We offer consultancy services for application for various licences in Hong Kong, including but not limited to the Money Services Operators Licence (“MSO”), the Money Lenders Licence (“MLO”), the Stored Value Facilities Licence (“SVF”), Securities and Futures Commission (“SFC”) Type 1 (dealing in securities), Type 2 (dealing in futures contracts), Type 4 (advising on securities), Type 5 (advising on futures contracts), Type 6 (advising on corporate finance), Type 9 (asset management) and Type 10 (providing credit rating services) licence, and The Hong Kong Monetary Authority (“HKMA”) Virtual Bank Licence. We also advise clients on upgrading conventional SFC licence to include dealing and management of virtual assets, the applicability of the relevant securities, futures, anti-money laundering (“AML”)/ counter terrorism financing and data privacy legislation and regulations.