... intermediary must follow the proper ILAS sales process. This ensures that the key steps have been carried out to ensure the Customer Suitability Assessment, including the completion of the Financial Needs Analysis and Risk Profile Questionnaire - as set out in 4.2 and 4.3 respectively below - of the...

... Recommendation by giving special attention to business relations and transactions with persons, including companies and financial institutions, from the above NCCTs. This is in addition to the requirements set out in the Guidance Note on Prevention of Money Laundering issued by the Insurance Authority....

... Individual licensees are required to comply with the Continuing Professional Development (“CPD”) requirements as set out in the Guideline on Continuing Professional Development for Licensed Insurance Intermediaries (“GL24”) issued by the Insurance Authority (“IA”). The first CPD Assessment Period under the...

... Individual licensees are required to comply with the Continuing Professional Development (“CPD”) requirements as set out in the Guideline on Continuing Professional Development for Licensed Insurance Intermediaries (“GL24”) issued by the Insurance Authority (“IA”). The first CPD Assessment Period under the...

... that its insurance agents meet the fit and proper criteria set out in the Code of Practice for the Administration of Insurance Agents issued by The Hong Kong Federation of Insurers, which include, inter alia, the minimum education requirement, i.e. completion of Form 5 education or equivalent. As the...

... define and support its objectives; (b) define the roles and responsibilities of persons accountable for management and oversight; (c) set out requirements relating to how decisions and actions are taken; (d) provide for effective means of communicating matters relating to the management and oversight of...

... define and support its objectives; (b) define the roles and responsibilities of persons accountable for management and oversight; (c) set out requirements relating to how decisions and actions are taken; (d) provide for effective means of communicating matters relating to the management and oversight of...

... Assurance Scheme (“ILAS”) to Enhance Customer Protection (“Requirements”) We refer to the Members’ Briefing held on 22 March 2013 and enclose herewith the whole set of the finalized Requirements for your adoption, consisting of the following documents: 1. HKFI Circular dated 22 April 2013: Updated...

... Licensed insurance intermediaries are required to comply with the statutory conduct requirements set out in sections 90, 91 and 92 (where applicable) of the IO and the relevant requirements set out in the codes of conduct issued under the IO.  The IA has issued two separate codes of conduct, namely...