... achievements made during the reporting period include taking over responsibility from the three former Self-Regulatory Organisations1 , engaging the industry in finalising the Risk-based Capital Regime, devising a group-wide supervisory framework, introducing measures to enhance competitiveness of Hong Kong as...

...) rolled out the Open Application Programming Interface (API) Framework (the Framework) and the Central Register for the insurance sector1, providing guidance and necessary facilitation to market participants for their journey of Open API implementation. In response to the global trend of...

... Destruction” 1 , which is available on the FATF’s website (http://www.fatf-gafi.org/publications/financingofproliferation/documents/guidan ce-counter-proliferation-financing.html). The paper provides guidance to facilitate both public and private sector stakeholders in understanding and implementing...

... 28 June 2019 Our Ref: MC/AS/19/03 To: Responsible Officers of Insurance Agencies engaging in general business Dear Sirs, Market Survey of Insurance Agencies Engaging in General Business The Insurance Authority (“IA”) is preparing for the direct regulation of Insurance Agencies1 commencing on 23...

... Council on 28 June 2017. Subject to the passage of the Bill by the Legislative Council, the Government proposes to implement the amendments on 1 March 2018. The Bill is available on the Government’s website (http://www.gld.gov.hk/egazette/pdf/20172125/es32017212522.pdf). The Bill aims to (1) apply...

... IA (01/2022) - 1 - *Please delete where appropriate The Insurance Authority (“IA”) handles complaints relating to the conduct of authorized insurers and licensed insurance intermediaries (being licensed insurance agents and licensed insurance brokers) in the insurance market in Hong Kong. “Conduct...