Securities And Exchange Commission: Framework on Accelerated Regulatory Incubation Programme

On 21 June 2024, the Securities and Exchange Commission (“SEC” or the “Commission”) released a Framework on Accelerated Regulatory Incubation Programme for the Onboarding of Virtual Assets Service Providers (VASPs) and other Digital Investment Service Providers (DISPs) (the Framework) to onboard existing and potential VASPs and other DISPs through an Accelerated Regulatory Incubation Programme (the “Programme” or “ARIP”). The Programme will be applicable pending the amendments to the SEC Digital Asset Rules.

This article provides a detailed analysis of the Framework including the roles of applicants and participants.