... amount or of an unusual pattern; and (ii) have no apparent economic or lawful purpose. Accordingly, for the period from 2015 to 30 October 2017, the Companies contravened both section 5(1)(c) and section 19(3) of Schedule 2 to AMLO by failing in respect of each kind of customer, business relationship...

... majority of respondents agreed that disclosure is an appropriate mechanism to manage potential conflicts of interest. There were questions, however, on the amount of disclosure indicated under General Principle 7 and clarification was requested on the manner, type and level of disclosure required to be...

... majority of respondents agreed that disclosure is an appropriate mechanism to manage potential conflicts of interest. There were questions, however, on the amount of disclosure indicated under General Principle 7 and clarification was requested on the manner, type and level of disclosure required to be...

...  After logging into the IIC, individual account owner may click “New Application” to start the application process.  The following information which have been provided during the individual account opening, will be prefilled in the online application form. o Type of Licence for Applicant o Full Name in...

... (4) How long will it take the IA to complete the handling of my complaint? This depends on a number of factors, such as the type of complaint, the number of issues it raises, the complexity of those issues and the time it takes for requested information to be provided by all relevant...

... suitability of the premium payment term. For instance, a policy maturing in 40 years with prolonged redemption penalties would unlikely be appropriate for a 60-year-old client. (b) Regular premium – It is also necessary to ascertain the client’s ability to pay continuously throughout the policy payment term....

... GL30, which took effect on 1 April 2021 after the expiry of the transitional period. 2 Generally speaking, in a PF arrangement, the customer would only pay a small portion of premiums not funded by the PF facility (e.g. 10%). This is referred to as the “out-of-pocket” premium portion. 3 Under these...

... customers have taken up the top-up option. Q2 Referring to paragraph 4.2 of the Guideline, please clarify if there is any minimum requirement to classify a product as having refundable feature. For example, does a product refunding 30% (or even smaller) of total premium paid fall into the scope? 2 A2...

... 359.5 428.5 43,641.5 45,983.1 45,534.6 48,257.0 53,100.8 30,165.3 32,089.0 31,489.7 33,075.9 34,733.4 毛保費 Gross Premiums 淨保費 Net Premiums 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 百萬元 $m 11,009.9 12,863.6 13,022.0 14,395.2 15,761.3 8...