You can see the rules and regulations in other jurisdictions.
Depending on the exact nature and scope of regulated activities to be carried out by the corporation, the provision of automated digital advisory service may require a licence from the SFC to carry out Type 1 (dealing in securities) and Type 4 (advising on securities) regulated activities. A corporation providing asset management services would typically require a licence by SFC to carry out Type 4 (advising on securities) and Type 9 (asset management) regulated activities.1
If the corporation is to provide robo-advice directly to clients online through technology tools, Chapter 4 of the SFC Online Guidelines would apply, according to which the robo-adviser should comply with various rules regarding the provision of sufficient information to clients, client profiling, system design and development, supervision and testing of algorithms, adequate resources and rebalancing.1
Comprehensive legal services for businesses on corporate, tax law, cryptocurrency legislation, investment activities
You can launch your platform by paying $5000 initially and the rest after 6 months if your business grows