... 5 October 2001 To: Chief Executive of all authorized insurance institutions       carrying on long term business Dear Sir/Madam, Non-cooperative Countries and Territories & United States Executive Order on...

... be waived for 5 years from the commencement of new regime.    Deemed Licensees and Responsible Officers All existing insurance intermediaries who are validly registered with the Self-regulatory Organizations (“SROs”) immediately before the...

...), Annex I – Examples 5 and 18) – E.g. unnecessary routing of funds or other property Third Party Payment – E.g. unnecessary routing of funds or other property from/to third parties or through third party accounts • Sanctions/Terrorist Financing • Evaluate the effectiveness on identification of third party...

...，我們面對的挑戰在於如何在拓展市場、開發新產品 及消費者保障等考慮上取得平衡。作為監管機構，保監局將秉 持維持保險業穩定發展和保障保單持有人利益的宗旨，締造有 助業界發展和推動科技創新的規管環境。 5. 為此，保監局正成立專責小組，以探索香港保險業的未來。除 了研究社會經濟和人口因素對保險業的未來帶來的機遇，專責 小組的主要任務包括提出建議以促進保險業界的可持續發展 及保障保單持有人的利益。我歡迎各位有興趣的專才加入專責 - 3 - 小組。 6. 目前，保監局的首要工作是籌備把現行的規管制度平穩過渡至 新制度。這是一個艱鉅的工作。我們正密鑼緊鼓準備接手保監 處的規管職務。其中，招聘員工為我們的首要...

... the unique “dual responsibilities” imposed by the Insurance Ordinance i.e. to facilitate sustainable growth and enhance the competitiveness of the insurance industry whilst discharging our responsibilities of protecting the policy holders. 5. In promoting the sustainable growth of the industry, we...

...，我們面對的挑戰在於如何在拓展市場、開發新產品 及消費者保障等考慮上取得平衡。作為監管機構，保監局將秉 持維持保險業穩定發展和保障保單持有人利益的宗旨，締造有 助業界發展和推動科技創新的規管環境。 5. 為此，保監局正成立專責小組，以探索香港保險業的未來。除 了研究社會經濟和人口因素對保險業的未來帶來的機遇，專責 小組的主要任務包括提出建議以促進保險業界的可持續發展 及保障保單持有人的利益。我歡迎各位有興趣的專才加入專責 - 3 - 小組。 6. 目前，保監局的首要工作是籌備把現行的規管制度平穩過渡至 新制度。這是一個艱鉅的工作。我們正密鑼緊鼓準備接手保監 處的規管職務。其中，招聘員工為我們的首要...

... the unique “dual responsibilities” imposed by the Insurance Ordinance i.e. to facilitate sustainable growth and enhance the competitiveness of the insurance industry whilst discharging our responsibilities of protecting the policy holders. 5. In promoting the sustainable growth of the industry, we...

... required to meet the group’s risk profile calibrated to a consistent confidence level and time horizon across all legal entities in the group. The GIECA requirement will require the supervised group to undertake its own assessment of capital adequacy to a target of 99.5% value-at-risk over a 1-year...

...), Annex I – Examples 5 and 18) – E.g. unnecessary routing of funds or other property Third Party Payment – E.g. unnecessary routing of funds or other property from/to third parties or through third party accounts • Sanctions/Terrorist Financing • Evaluate the effectiveness on identification of third party...