... department, to regulate insurance companies. The IA will take over from the three Self-Regulatory Organisations1 to directly regulate insurance intermediaries and implement a statutory licensing regime in mid-2019.” Dr Cheng said, “It is vital that we share common regulatory objectives...

... session at the Belt and Road Summit1 focusing on the challenges of risk management for Belt and Road projects under complicated macro-economic conditions, and how Hong Kong could offer optimal solutions to address these challenges. The panel, moderated by Professor Anna Wong, Non-Executive...

... processing the application. 1. Application for Insurance Agency Licence (Form A5); 2. Application for Proposed Appointment of a Responsible Officer (Form A3); 3. Individual Licence Application by the proposed Responsible Officer (Form A1) together with the supporting documents as stated in the Notes on...

... Insurance Intermediaries Quality Assurance Scheme Study Notes for Insurance Intermediaries Qualifying Examination 13 August 2018 Our Ref: MC/IIQAS/1 By email only To: Chief Executives of all authorized insurers Dear Sirs, Insurance Intermediaries Quality Assurance Scheme Study Notes for Insurance...

... implementation of Hong Kong Financial Reporting Standard 17 (“HKFRS 17”). In September 2018, we conducted a Readiness Assessment Survey to understand the preparation status of authorized insurers and their challenges in implementing the standard1. We have received positive feedback on the initiative and also...

... Closure of Insurance Authority offices to the general public 1 December 2020 In view of the latest development of COVID-19, the Insurance Authority (IA) announced that its offices in Wong Chuk Hang and North Point will be closed to the general...

... Statements issued by the Financial Action Task Force (“FATF”) Our Ref: INS/TEC/6/45 13 November 2020 To : Chief Executives / Responsible Officers of all insurance institutions (“IIs”)1 Dear Sirs, Statements issued by the Financial Action Task Force (“FATF”) Further to our letter of 14 July 2020...

... Guidance Notes GL13 GUIDELINE ON ASSET MANAGEMENT BY AUTHORIZED INSURERS Insurance Authority Contents Page 1. Preamble………………………………………….…………….. 1 2. Introduction…………………………………………………….. 2 3. Definition of the Investment Policy and Procedures…….……… 4 4. Monitoring and Control…………….…………………………... 9 5....

... complied with going forward. If you have any questions concerning this circular, please contact your case officers. Yours faithfully, Peter Gregoire Head of Market Conduct Division (Acting) and General Counsel Insurance Authority c.c. The Hong Kong Federation of Insurers 1 APPENDIX I Common compliance...

... Within two years, the IA will further take over the direct regulation of insurance intermediaries from the three Self-Regulatory Organisations (SROs)1 through a statutory licensing regime, thus protecting policy holders in a more comprehensive manner. "On behalf of the IA, I must express...