... principals to the Insurance Authority (“IA”) We write further to our circular dated 1 April 2021 regarding the CPD compliance reporting procedures for the Combined Assessment Periods of 23 September 2019 to 31 July 2020 (2019/20) and 1 August 2020 to 31 July 2021 (2020/21). Important deadlines By way of...

... principals to the Insurance Authority (“IA”) We write further to our circular dated 1 April 2021 regarding the CPD compliance reporting procedures for the Combined Assessment Periods of 23 September 2019 to 31 July 2020 (2019/20) and 1 August 2020 to 31 July 2021 (2020/21). Important deadlines By way of...

... 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...

... 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...

...;  (Updated on 24 June 2021) 15:25 – 16:25 Presentation by Supervisors (10 mins each)   1.  China, CBIRC AXA Tianping Property (Non-Life)   (Updated on 22 June 2021...

... Draft Our Ref: INS/TEC/6/45 4 November 2020 To : Chief Executives / Responsible Officers of all insurance institutions (“IIs”)1 Dear Sirs, Consultation on Legislative Proposals to Enhance Anti-Money Laundering and Counter-Terrorist Financing Regulation in Hong Kong We are writing to inform you...

...), taking effect on 23 September 2019 when the statutory regime comes into operation. The MA is responsible for supervising authorized institutions1 (AIs) in accordance with the Banking Ordinance. The IA, under the statutory regime, is responsible for regulation of insurance intermediaries which...

..., attended by about 70 delegates affiliated with 14 member jurisdictions1. “Diversity is our strength as each member jurisdiction has its unique social demands and market landscape, yet we are exposed to the same set of emerging trends. Against the backdrop of a volatile macroeconomic...

... extension of the Pilot Insurance-linked Securities Grant Scheme (Grant Scheme)1 for two years and the Pilot Programme to Enhance Talent Training for the Insurance Sector (Talent Training Programme)2 for three years respectively. “The National 14th Five-Year Plan has clearly...