Certification Programme for Virtual Asset Professionals (CVAP)
The CVAP aims to develop core competencies in virtual asset (VA) for financial services practitioners offering VA-related services. The programme is developed in consultation with industry practitioners and the Securities and Futures Commission.
Who should enrol?
- Practitioners providing VA dealing or advising services;
- Practitioners distributing VA-related products;
- Private or retail wealth managers;
- Asset managers;
- Traditional financial services practitioners and university students interested in VA.
Programme Details
Please refer to the User Guide for details instructions before enrolling in this programme.
The CVAP follows a two-step completion process, which must be finished within one year of enrolling in the core curriculum:
- Step 1: Complete the Core Curriculum
- Step 2: Complete two Elective Modules
Upon completing the Core Curriculum, participants will receive the Virtual Asset Fundamentals Certificate. Those who successfully complete both elective modules within the required timeframe will be awarded the Certificate of Virtual Asset Professional. The certificates will be available on the Online Portal.
Each training module is one hour in duration and qualifies for Continuous Professional Training (CPT) hours.
The Core Curriculum is designed to impart essential knowledge in regulatory, industry, and product related topics, which include an eCourse with three fundamental modules and a post-training examination.
The eCourse is delivered in English with subtitles in Traditional Chinese (TC) and Simplified Chinese (SC), supplemented by presentation slides in both TC and SC, while examination questions are available in English, TC, and SC.
Completion of the eCourse with all three fundamental modules is a prerequisite for eligibility to sit the post-training examination.
The estimated study time to prepare for the post-training examination, including reviewing the eCourse and relevant study materials, is approximately 18 hours. This may vary based on the individual's professional background and prior experience.
Upon enrolling in the Core Curriculum, participants will gain 90-day access to an eCourse comprising the following three fundamental modules:
Module 1: Introduction to Virtual Assets
Module 2: Overview of VA-related Products in Traditional Financial Market
Module 3: Overview of the Virtual Asset Regulatory Landscape in Hong Kong
Participants can schedule the post-training examination session only after completing the eCourse.
The post-training examination of the CVAP Core Curriculum is designed to assess participants’ general understanding of the subject matters covered in the fundamental modules.
Here are the details:
- Prerequisite: Completed all three fundamental modules.
- Format: 40 multiple-choice questions
- Duration: 60 mintures
- Pass marks: 80%
- Examination Question Language: English and Chinese (both Traditional and Simplified characters)
- Mode: Computer-based examination
- Frequency: Monthly
- Venue: HKSI Institute Computer-Based Examination (CBE) Centre or one of the Global Examination Centres
Participants who do not pass the initial examination are allowed to retake it within one year of enrolling in the Core Curriculum and are NOT required to retake the eCourse.
The elective modules mainly focus on activities related to VA dealing and advisory as well as VA-related product distribution, covering topics, including tokenisation, custody, selling conduct, and portfolio management. This structure allows participants to tailor their learning experiences to meet their specific professional development needs.
Participants are required to complete any two of the following modules. Each elective module includes a post-course assessment in the form of multiple-choice questions, which participants must pass with a minimum score of 80% to successfully complete the module.
You can enrol in the elective modules* directly by clicking on the course links below:
- Module 4: Regulatory Requirements for Selling Virtual Asset ("VA") Products
- Module 5: Introduction to Tokenisation (English / Putonghua)
- Module 6: Introduction to Virtual Asset Portfolio Management (English / Putonghua)
- Module 7: Virtual Asset Custody for Asset Management (English / Putonghua)
- Module 8: Regulatory Compliance for VATP
*More modules will be added soon.
- The Virtual Asset Fundamentals Certificate will be awarded to participants who successfully complete the Core Curriculum within the required timeframe.
- The Certificate of Virtual Asset Professional will be awarded to holders of the Virtual Asset Fundamentals Certificate who complete two elective modules and pass the respective post-course assessments within the required timeframe.
Total programme fee of the CVAP*
- Student Member price: HKD2,000
- Member price: HKD3,400
- Non-member price: HKD4,800
Here is the programme fee breakdown:
Step 1: Core Curriculum*
- Student Member price: HKD1,400
- Member price: HKD2,800
- Non-member price: HKD3,600
The fee includes one post-training examination session (Hong Kong Examination Centre), an eCourse comprising three fundamental modules with relevant training materials and post-course quizzes, and the Virtual Asset Fundamentals Certificate.
* Participants who wish to take the examination at any Global Examination Centre are required to pay an additional fee of HKD420.
Step 2: Two Elective Modules
- Member price: HKD300 per module x 2 = HKD600
- Non-member price: HKD600 per module x 2 = HKD1200
The fee includes an eCourse with relevant training materials and a post-course assessment.
The member price applies to individual members, including student members (unless a student member price is applicable), and staff of corporate members. Please note that there is no separate student member price for elective modules.
**Special discounts are available for enrolment of 10 or more participants and for members of select friendly associations. Please contact [email protected] for more details!
Please refer to the Frequently-asked Questions (FAQs) to know more.
Click here if you are interested in other VA related courses.
