... Explanatory Note on Section 121 of the Insurance Ordinance (Cap. 41) – Non-disclosure requirement in relation to information obtained in the course of inspection, investigation or disciplinary action Insurance Authority June 2020 2 Contents Page 1. Introduction 3 2. Non-disclosure obligations...

... details of which are summarized at the Annex for your attention. Key areas for improvement include:- 1) Senior management oversight; 2) Compliance functions; 3) Customer risk assessment; 4) Customer due diligence process; 5) Screening of Politically Exposed Persons, terrorists and sanction designations; 6...

... Circular on the supervisory standards and key requirements on the use of premium financing to take out long term insurance policies /….. 1 April 2022 Our Ref: INS/TEC/9/2/2/26 To: Chief Executives of authorized insurers carrying on long term business and responsible officers of licensed insurance...

... Microsoft Word - Q&A _GN_ ParticipatingPolicies&UniversalLife_Non-Linked (as at 19 May 17).doc       ‐ 1 ‐  (as at 19 May 2017)  Questions and Answers on ‘Guidance Note on Illustration Document for Participating Policies’  and Guidance Note on Illustration Document for Universal Life (Non‐Linked...

... HONG KONG MONEY LAUNDERING AND TERRORIST FINANCING RISK ASSESSMENT REPORT April 2018 FOREWORD BY FINANCIAL SECRETARY i HONG KONG’S ANTI-MONEY LAUNDERING/COUNTER- FINANCING OF TERRORISM POLICY iii EXECUTIVE SUMMARY v 1. INTRODUCTION TO HONG KONG 1 Geographical Position Population Language...

... HONG KONG MONEY LAUNDERING AND TERRORIST FINANCING RISK ASSESSMENT REPORT April 2018 FOREWORD BY FINANCIAL SECRETARY i HONG KONG’S ANTI-MONEY LAUNDERING/COUNTER- FINANCING OF TERRORISM POLICY iii EXECUTIVE SUMMARY v 1. INTRODUCTION TO HONG KONG 1 Geographical Position Population Language...

... HONG KONG MONEY LAUNDERING AND TERRORIST FINANCING RISK ASSESSMENT REPORT April 2018 FOREWORD BY FINANCIAL SECRETARY i HONG KONG’S ANTI-MONEY LAUNDERING/COUNTER- FINANCING OF TERRORISM POLICY iii EXECUTIVE SUMMARY v 1. INTRODUCTION TO HONG KONG 1 Geographical Position Population Language...

... Authorization and Annual Fees (as at 1 June 2017) Every authorized insurer must pay the prescribed fees to the Insurance Authority not later than the date on which it is authorized; and annually upon the anniversary of such date. Please refer to the...

... The Statutory Regulatory Regime With the implementation of the Mandatory Provident Fund Schemes (Amendment) Ordinance 2012, a new statutory regulatory regime for Mandatory Provident Fund (“MPF”) intermediaries has come into operation effective from 1...