You can see the rules and regulations in other jurisdictions.
If the corporation carries out Type 1 (dealing in securities) or Type 4 (advising on securities) regulated activities, a licence from the SFC may be required for the provision of automated digital advisory services. In order to carry out Type 4 (advising on securities) and Type 9 (asset management) regulated activities, a corporation would typically need a licence from the SFC.1
The corporation must comply with Chapter 4 of the SFC Online Guidelines if it provides robo-advice directly to clients via technology tools. In accordance with the SFC Online Guidelines, robo-advisers need to provide sufficient information to clients, profile clients, design and develop systems, supervise and test algorithms, and provide adequate resources and rebalancing.1
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