... involve an assertion of jurisdiction not recognised by a requested Authority. Where a requested Authority considers that an assertion of jurisdiction in a matter that is the subject of a request would conflict seriously with and prejudice its essential interests, the request will be denied. 4 10. The...

... request will be denied. 10. The Authorities recognise that, so long as there are differences in the scope of the laws, regulations and requirements applied in each jurisdiction, conduct prohibited by the Authorities in one jurisdiction may not be prohibited by the Authorities in the other. The Authorities...

... involve an assertion of jurisdiction not recognised by a requested Authority. Where a requested Authority considers that an assertion of jurisdiction in a matter that is the subject of a request would conflict seriously with and prejudice its essential interests, the request will be denied. 4 10. The...

... request will be denied. 10. The Authorities recognise that, so long as there are differences in the scope of the laws, regulations and requirements applied in each jurisdiction, conduct prohibited by the Authorities in one jurisdiction may not be prohibited by the Authorities in the other. The Authorities...

... 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...

... Scenarios 1 and 3 only if the sum of its two largest undiversified market risk charges is greater than 10% of its eligible capital resources. All general business insurers are required to carry out testing using Prescribed Scenario 2. III.3. Composite insurers are not required to carry out Prescribed...

... guaranteed figure) is permitted. A9 The spirit of paragraph 7.4 is to deter insurers from exaggerating the non-guaranteed benefits. For the avoidance of doubt, insurers can highlight information that concerns the customers’ risk exposure. Documentation Q10 Please clarify if only the Standard Illustration...