... ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 2018 Field Testing 2019 Field Testing Finalizing the guideline for Pillar 2 Legislative preparation Long run-in period Insurtech – ‘Sandbox’ approach 16 Insurtech – The trend 17 Technology advancement: Connected device , data analytics , artificial intelligence… Customer Demand: Simple and affordable...

... ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 2018 Field Testing 2019 Field Testing Finalizing the guideline for Pillar 2 Legislative preparation Long run-in period Insurtech – ‘Sandbox’ approach 16 Insurtech – The trend 17 Technology advancement: Connected device , data analytics , artificial intelligence… Customer Demand: Simple and affordable...

... complaints in accordance with the relevant provisions of the Mandatory Provident Fund Schemes Ordinance (Cap. 485) (“MPFSO”). However, we do not have the power to intervene in commercial disputes between registered MPF intermediaries and schemes participants or to order registered MPF intermediaries to pay...

... complaints in accordance with the relevant provisions of the Mandatory Provident Fund Schemes Ordinance (Cap. 485) (“MPFSO”). However, we do not have the power to intervene in commercial disputes between registered MPF intermediaries and schemes participants or to order registered MPF intermediaries to pay...

... three Self-Regulatory Organisations (SROs)1. Under the new regime, a person will require a licence granted by the IA to carry on regulated activities. A person must be fit and proper in order to be licensed and this requirement is ongoing. The draft F&P Guideline outlines the key criteria...

... a short description] If your answer is no, how long does your company expect to delay, from effective date, in order to comply with the HKFRS 17 standard? 1) The effective date of Hong Kong Financial Reporting Standard 17 Insurance Contract (HKFRS 17) is 1 January 2021. Do you expect your company...

... areas of concern which we propose to address by providing further detail on the expectations with regards to compliance with the relevant regulatory standards in order to improve customer awareness, protection and outcome. The insurers and intermediaries inspected were generally able to comply with the...

... (Individuals) As you will be aware, save in exceptional cases, the licences granted by the Insurance Authority (“IA”) under the Insurance Ordinance (CAP. 41) to licensed insurance intermediaries are valid for 3 years and therefore have to be renewed every 3 years. In order to renew a licence, a licensed...

..., between the MA and the IA in order to assist each other to exercise their respective statutory functions. Under the terms of the MoU, the MA and the IA will determine together which agency should be the co-ordinating regulator for financial groups that are engaged in both banking and insurance. They will...