... to reflect the current market value. For example, a futures broker should mark its clients’ open position regularly to ensure that margin calls would be made if the clients’ margins fall short of the maintenance margin. Frequent marking to market should be performed especially when there is a...

... calls would be made if the clients’ margins fall short of the maintenance margin. Frequent marking to market should be performed especially when there is a dramatic move in the market. (ii) Limit Setting Market risk exposure of a financial intermediary can be limited by setting trading limits. For...

... ensure that margin calls would be made if the clients’ margins fall short of the maintenance margin. Frequent marking to market should be performed especially when there is a dramatic move in the market. (ii) Limit Setting Market risk exposure of a financial intermediary can be limited by setting trading...

... P&P Study Notes Insurance Intermediaries Quality Assurance Scheme Principles and Practice of Insurance Examination Study Notes 2017 Edition i PREFACE These Study Notes have been prepared to correspond with the various Chapters in the Syllabus for the Principles and Practice of Insurance Examination...

... Insurance Intermediaries Quality Assurance Scheme Principles and Practice of Insurance Examination Study Notes 2017 Edition 1 Study Notes for Principles and Practice of Insurance Examination Update Renaming of The Insurance Claims Complaints Bureau The Insurance Claims Complaints Bureau (‘ICCB’) ha...

... formulated by the Board of Directors or senior management. They will also verify compliance with the standing requirements on maintenance of assets in Hong Kong, corporate governance, as well as selling of insurance policies to Mainland visitors. Market Consolidation The IA closely monitors all merger and...

... formulated by the Board of Directors or senior management. They will also verify compliance with the standing requirements on maintenance of assets in Hong Kong, corporate governance, as well as selling of insurance policies to Mainland visitors. Market Consolidation The IA closely monitors all merger and...

... formulated by the Board of Directors or senior management. They will also verify compliance with the standing requirements on maintenance of assets in Hong Kong, corporate governance, as well as selling of insurance policies to Mainland visitors. Market Consolidation The IA closely monitors all merger and...

... orderly and in accordance with policies formulated by the Board of Directors or senior management. They will also verify compliance with the standing requirements on maintenance of assets in Hong Kong, corporate governance, as well as selling of insurance policies to Mainland visitors. 16 Market...

... control systems to ensure that business is conducted orderly and in accordance with policies formulated by the Board of Directors or senior management. They also verify compliance with the standing requirements on maintenance of assets in Hong Kong, corporate governance, as well as selling of insurance...