... into account the unique facts and circumstances of each case in order to determine an appropriate pecuniary penalty. From the publication of disciplinary actions, the industry would be able to discern the kind of penalties the IA would impose for different non-compliance or misconduct. The...

... regulations”), and the acceptance of e-learning courses for this purpose. In order to facilitate implementation, certain exemptions and transitional arrangements are provided for existing practitioners. The two guidelines will take effect immediately upon commencement of the new statutory regulatory...

... a circular, issued by the IA today. The IA will continue to explore with industry stakeholders the use of sustainable and virtual distribution channels for other products, while ensuring that prudential supervision is maintained and the interests of policy holders are properly protected, in order to...

... complaints in accordance with the relevant provisions of the Mandatory Provident Fund Schemes Ordinance (Cap. 485) (“MPFSO”). However, we do not have the power to intervene in commercial disputes between registered MPF intermediaries and schemes participants or to order registered MPF intermediaries to pay...

... complaints in accordance with the relevant provisions of the Mandatory Provident Fund Schemes Ordinance (Cap. 485) (“MPFSO”). However, we do not have the power to intervene in commercial disputes between registered MPF intermediaries and schemes participants or to order registered MPF intermediaries to pay...

... three Self-Regulatory Organisations (SROs)1. Under the new regime, a person will require a licence granted by the IA to carry on regulated activities. A person must be fit and proper in order to be licensed and this requirement is ongoing. The draft F&P Guideline outlines the key criteria...

... a short description] If your answer is no, how long does your company expect to delay, from effective date, in order to comply with the HKFRS 17 standard? 1) The effective date of Hong Kong Financial Reporting Standard 17 Insurance Contract (HKFRS 17) is 1 January 2021. Do you expect your company...

... Regime Future Business Flow Overseas Reinsurance Option Overseas Reinsurance Option Reinsurance Reinsurance Hong Kong as an Operating Base Capturing Business Flow – with Captive Why Hong Kong ? Core Strength 1 3 6 5 2 Economic freedom Unfettered capital flow Common law system Modern regulatory framework...

... Regime Future Business Flow Overseas Reinsurance Option Overseas Reinsurance Option Reinsurance Reinsurance Hong Kong as an Operating Base Capturing Business Flow – with Captive Why Hong Kong ? Core Strength 1 3 6 5 2 Economic freedom Unfettered capital flow Common law system Modern regulatory framework...