... accordance with Recommendation 21Note of the FATF Forty Recommendations. Ukraine The FATF decided to withdraw the application of counter-measures with respect to Ukraine as a result of the recent enactment by Ukraine of comprehensive anti-money laundering legislation that addresses...

... section 35(2)(b) of the Insurance Ordinance (Cap. 41) giving a direction to Target Insurance Company, Limited that its affairs, business and property be managed by the Joint and Several Managers appointed by the Insurance Authority 25 June 2021 G.N. 3768 of...

... Number of Authorized Insurers by Class of Insurance Business A Life and annuity 36 34 70 B Marriage and birth 1 4 5 C Linked long term 18 28 46 D Permanent health 21 22 43 E Tontines 1 3 4 F Capital redemption 1 4 5 G Retirement scheme management category I 9 11 20 H Retirement scheme management...

... Number of Authorized Insurers by Class of Insurance Business A Life and annuity 36 34 70 B Marriage and birth 1 4 5 C Linked long term 18 28 46 D Permanent health 21 22 43 E Tontines 1 3 4 F Capital redemption 1 4 5 G Retirement scheme management category I 9 11 20 H Retirement scheme management...

... blackmail); Failure to comply with legal or regulatory obligations; Material breach of internal policy or rules (e.g. financial controls, procurement rules, confidentiality obligations);    An act or omission which creates a substantial and specific danger...

... the Guideline on Cooling-off Period (GL29) Further to my circular of 13 September 2019, I enclose a copy of the Interpretation Notes relating to the Guideline on Cooling-off Period (GL29) (the “Guideline”) issued today, which can be downloaded from the website of the Insurance Authority (the “IA...

... the circular of 29 November 2019, I enclose a copy of the Frequently Asked Questions (“FAQ”) on the Guideline on Medical Insurance Business (GL31) which was issued today and uploaded to the website of the Insurance Authority (“IA”). The IA issues the FAQ to help illustrate the requirement and provide...

... Insurance Authority to move to long-term office in Wong Chuk Hang next month 20 November 2017 The Insurance Authority (IA) today (20 November 2017) announced that it will move to a long-term office in Wong Chuk Hang on 18 December 2017 (Monday). Its...

...) does not override or alter the terms and conditions of any insurance policy, or in any way interfere with the rights and obligations of the insurer and its policy holders under any insurance policy. The question of whether a loss is covered under an insurance policy is determined in...

... entered into a new Memorandum of Understanding (MoU) following the introduction of the direct regulatory regime of insurance intermediaries1. The new MoU, which covers referral of cases for attention, joint inspections and investigations, and sharing of information pertaining to products and...