..., Equity and Inclusion (DEI); Environmental, Social and Governance (ESG); and Web3 development, focusing on how they can positively interact with the financial sector to promote a more stable and resilient financial system. Mr John Lee, Chief Executive of the Hong Kong Special Administrative...

... are used only for the purposes of the client and that all deposits and withdrawals are undertaken only in accordance with the Minimum Requirements. In addition, it is the responsibility of the brokers to ensure that the balances of client monies are reconciled on a sufficiently regular basis....

... here below with that client before carrying on Linked Long Term Insurance Business for that client. To avoid any doubt, Members are at liberty of whether or how to align their duties and commitments to the existing client when two sets of agreement are concurrently in place. As the Member is acting as...

... to inspect based a risk-based approach. This approach takes into account numerous quantitative and qualitative factors such as: type of business being carried on (long-term business is deemed higher risk than general business, in terms of regulatory requirements that need to be complied with...

... actively engaged with representatives of the Hong Kong Federation of Insurers and the Actuarial Society of Hong Kong through Industry Focus Groups (IFGs) for Pillar 1 Life and General Insurance Businesses. The IFGs have discussed on technical issues and provided invaluable inputs in developing the relevant...

... needs and  insurance needs.    On the other hand, for a participating policy where substantial  portion of surrender benefits  is derived  from guaranteed benefits,  there exists a  savings element and may be suitable  for customers with both savings needs and  insurance needs.    Insurers, when...

... Kong. 7. The IA is committed to promoting Hong Kong as a preferred domicile for the issuance of ILS. The Insurance (Amendment) Ordinance 2020 provides for a regulatory framework for the issuance of ILS through the formation of SPIs, with a view to introducing a bespoke and streamlined regime on par with...

... 27 November 2003 To: Chief Executive of all authorized insurance institutions       carrying on long term business Dear Sir/Madam, Supplement to the Guidance Note on Prevention of Money Laundering & Guideline...

... who, alone or jointly with others, is responsible for the conduct of the whole of the insurance broking business of such insurance broker carried on within Hong Kong, not being a person who: (1) is also responsible for the conduct of insurance broking business carried on by the insurance broker...

... Microsoft Word - Circular to insurers re FAQ_TEC6.96_20190918 (002).DOCX 20 September 2019 Our Ref: INS/TEC/6/96 By Email only To: Chief Executives of authorized insurers carrying on long term business Dear Sirs, Circular providing Interpretation Notes (“Circular”) relating to the Guideline on...