... Organizations 1 (“SROs”) on 23 September 2019 (“Commencement Date”), with the Insurance Companies (Amendment) Ordinance 2015 (Commencement) Notice 2019 to be gazetted in May 2019 to complete the prerequisite. The takeover will mark a major milestone and a reformatory change for the insurance industry as the IA...

... published in the Gaze on the Government’s website We would like to draw your attention to section Democratic People’s Republic of Korea Regulation making available funds or other financial assets or economic resources to relevant persons or entities, or dealing with funds or economic resources belonging to...

... thus help promote the insurance industry’s development in the long run. We will actively work with the Government on the legislative amendments to allow for the issuance of this new type of securities in Hong Kong. This will provide insurers with an additional risk management tool and...

... Council, the appointed examination body for the IIQE, unless otherwise exempted. For details, please make reference to Annex 1 to GL23: Guideline on “Fit and Proper” Criteria for Licensed Insurance Intermediaries under the Insurance Ordinance (Cap.41).   Syllabuses...

... of the direct regulatory regime for licensed insurance broker companies As you will be aware, the direct regulatory regime for licensed insurance intermediaries, as set out in the Insurance Ordinance (Cap. 41) (“Ordinance”), has been in effect for just over one year now, having commenced on 23...

... notice. Hotline services and email responses to enquiries and complaints will continue as normal. Except those skeleton staff, IA staff will continue to work from home. The IA will keep reviewing the situation and will announce any updates on the IA website. Ends ...

... Insurance Practice Leader, Opening Session Chairman 2 Regulatory Developments On the regulatory front, our priorities are three-fold. First, we will be implementing the direct licensing regime for insurance intermediaries in place of the current indirect self-regulatory regime in mid-2019. A working group...

... Insurance Practice Leader, Opening Session Chairman 2 Regulatory Developments On the regulatory front, our priorities are three-fold. First, we will be implementing the direct licensing regime for insurance intermediaries in place of the current indirect self-regulatory regime in mid-2019. A working group...