... also establish principal points of contact to ensure the smooth operation of arrangements set out in the MoU. Furthermore, the two authorities agree to hold meetings at regular intervals to discuss current or evolving supervisory issues, and to hold ad hoc meetings to deal with specific supervisory...

... insurance industry.” “Building on this premise, the IA has set itself the goal of building an ecosystem to take full advantage of our forte as a super connector of international trade and investment activities, while nurturing domestic demands by participating in development of the Guangdong-Hong...

... virtual asset services providers; (b) a registration regime for dealers in precious metals and stones; and (c) miscellaneous technical amendments under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615). This set of proposals is intended to bring Hong Kong’s regulatory regime...

... launch of the Ethics Promotion Campaign for insurance intermediaries by the Independent Commission Against Corruption (ICAC) as set out in the Policy Agenda. Meanwhile, the IA is consulting the public on the codes and guidelines for the regulation of insurance intermediaries under the statutory licensing...

... to unleash synergies to exploit prospects arising from the BRI. The IA is also pursuing a proposal for Hong Kong insurers to set up service centres in the GBA to upgrade the customer experience in the region.  The IA’s other key initiatives of the year included developing a host...

..., attended by about 70 delegates affiliated with 14 member jurisdictions1. “Diversity is our strength as each member jurisdiction has its unique social demands and market landscape, yet we are exposed to the same set of emerging trends. Against the backdrop of a volatile macroeconomic...

... two initiatives above will contribute significantly towards achieving strategic goals set out in the Development Roadmap for the Insurance Sector in Hong Kong. Ends Notes: 1The Grant Scheme rolled out in May 2021 offers up to HK$12 million for each eligible issuance of...

... also establish principal points of contact to ensure the smooth operation of arrangements set out in the MoU. Furthermore, the two authorities agree to hold meetings at regular intervals to discuss current or evolving supervisory issues, and to hold ad hoc meetings to deal with specific supervisory...

... recommendation in respect of a suitable life insurance policy to the customer, with the recommendation being based on that assessment. The requirements in relation to an FNA are set out in Guideline on Financial Needs Analysis issued (GL30) by the IA (see further paragraph 5 below); 3 (g) “Important Facts...

... recommendation in respect of a suitable life insurance policy to the customer, with the recommendation being based on that assessment. The requirements in relation to an FNA are set out in Guideline on Financial Needs Analysis issued (GL30) by the IA (see further paragraph 5 below); 3 (g) “Important Facts...