... risks identified; (b) appoint a director or senior manager as a CO who has overall responsibility for the establishment and maintenance of the FI’s AML/CFT systems; and (c) appoint a senior member of the FI’s staff as the MLRO who is the central reference point for suspicious transaction reporting. 2.12...

... General Insurance Study Notes Insurance Intermediaries Quality Assurance Scheme General Insurance Examination Study Notes 2008 Edition 1 Study Notes for General Insurance Examination Update Insurance Authority to start regulating insurance companies from 26 June 2017 The Insurance Authority has tak...

... Insurance Intermediaries Quality Assurance Scheme General Insurance Examination Study Notes 2008 Edition PREFACE These Study Notes have been prepared to correspond with the various Chapters in the Syllabus for the General Insurance Examination. The Examination will be based upon these Notes. A few...

... Microsoft Word - IIQE - Gen Study Notes 07_4th Draft_Eng _9-5-08_ 13-6-08am not amend PDF ver.doc Insurance Intermediaries Quality Assurance Scheme General Insurance Examination Study Notes 2008 Edition i PREFACE These Study Notes have been prepared to correspond with the various Chapters in the Sy...

... to reflect the current market value. For example, a futures broker should mark its clients’ open position regularly to ensure that margin calls would be made if the clients’ margins fall short of the maintenance margin. Frequent marking to market should be performed especially when there is a...

... calls would be made if the clients’ margins fall short of the maintenance margin. Frequent marking to market should be performed especially when there is a dramatic move in the market. (ii) Limit Setting Market risk exposure of a financial intermediary can be limited by setting trading limits. For...

... ensure that margin calls would be made if the clients’ margins fall short of the maintenance margin. Frequent marking to market should be performed especially when there is a dramatic move in the market. (ii) Limit Setting Market risk exposure of a financial intermediary can be limited by setting trading...

... formulated by the Board of Directors or senior management. They will also verify compliance with the standing requirements on maintenance of assets in Hong Kong, corporate governance, as well as selling of insurance policies to Mainland visitors. Market Consolidation The IA closely monitors all merger and...

... formulated by the Board of Directors or senior management. They will also verify compliance with the standing requirements on maintenance of assets in Hong Kong, corporate governance, as well as selling of insurance policies to Mainland visitors. Market Consolidation The IA closely monitors all merger and...

... formulated by the Board of Directors or senior management. They will also verify compliance with the standing requirements on maintenance of assets in Hong Kong, corporate governance, as well as selling of insurance policies to Mainland visitors. Market Consolidation The IA closely monitors all merger and...