... of areas assessing the degree of fair treatment to customers, including know-your-customer procedures, financial needs analysis, suitability of recommendations and explanation of product features and risk disclosure. The key findings from the MSP exercise were set out in a joint circular...

... 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...

... same Enterprise Risk Management (“ERM”) processes and procedures as set out in the Guideline. It provides flexibility for an insurer to design the ERM framework to accord with its own specific circumstances. An insurer is however expected to be able to demonstrate to the IA’s satisfaction how the...

... Explanatory Note on Licensing Requirements for Banking Sector under Regulatory Regime for Insurance Intermediaries Insurance Authority October 2019 2 1. Introduction 1.1 This Explanatory Note (“Note”) which includes a set of frequently-asked questions (“FAQs”) is issued by the Insurance Authority...

... Explanatory Note on Licensing Requirements for Banking Sector under Regulatory Regime for Insurance Intermediaries Insurance Authority October 2019 2 1. Introduction 1.1 This Explanatory Note (“Note”) which includes a set of frequently-asked questions (“FAQs”) is issued by the Insurance Authority...

... Explanatory Note on Licensing Requirements for Banking Sector under Regulatory Regime for Insurance Intermediaries Insurance Authority October 2019 2 1. Introduction 1.1 This Explanatory Note (“Note”) which includes a set of frequently-asked questions (“FAQs”) is issued by the Insurance Authority...

... unprecedented opportunities, the Insurance Authority (“IA”) set up the Belt and Road Insurance Exchange Facilitation (“BRIEF”) in December 2018 to pool together key stakeholders to unleash synergies in exploiting prospects arising from BRI. BRIEF leaflet Please...