... and Annual Fees for Designated Insurance Holding Companies) Regulation (Cap. 41N) The designation fee and an annual fee payable by a designated insurance holding company are set at a flat rate of 0.0026% of the group insurance liabilities of the DIHC, with a fee...

... corporates.” Teresa Ko, Vice Chair of the IFRS Foundation said: “Heartfelt congratulations to the ISSB on its inaugural set of two standards. It is an exciting and historic moment as we see the creation of a single set of investor-focused sustainability-related disclosures that could be...

... the top places in the world in terms of insurance penetration. Fifteen of the 20 largest insurers worldwide have set foot in Hong Kong, creating a lot of employment opportunities. The solid foundation of our insurance industry remains intact despite the impact of the global financial crisis, China-US...

... appointment or two appointments for the purposes of the cap (which depends on whether the scope of the agent’s appointment is limited to one line of business or extended to both general business and long term business). The existing framework is currently set out in paragraphs 21-22 of the Code of Practice...

... roll out further measures to facilitate individual licensees’ ability to comply with CPD requirements. Details of such measures are set out below. Merger of the 2019/2020 and 2020/2021 CPD Assessment Periods The IA has decided to merge the CPD assessment period for 23 September 2019 to 31 July 2020...

... roll out further measures to facilitate individual licensees’ ability to comply with CPD requirements. Details of such measures are set out below. Merger of the 2019/2020 and 2020/2021 CPD Assessment Periods The IA has decided to merge the CPD assessment period for 23 September 2019 to 31 July 2020...

... Individual licensees must satisfy the CPD requirements set out in GL24: Guideline on Continuing Professional Development for Licensed Insurance Intermediaries (“GL24”) in each Assessment Period. Please refer to the GL24 and its Interpretation Notes for details. For ease of reference, the CPD...

... kind of customer, business relationship, product and transaction, to establish and maintain effective procedures not inconsistent with AMLO for the purpose of carrying out the duties under (inter alia) sections 10 and 15 of Schedule 2 to AMLO. (c) Section 10 of Schedule 2 to AMLO set out special...

... procurement of motor insurance in Hong Kong, the premium levels for these products are determined according to several factors, such as the age and model of the vehicle, a no-claim discount, and the driver’s driving experience and record of traffic violations. The IA suggests that car owners should...

... extended beyond the original date of 31 December 2003. You will be advised of the revised implementation date when further developments are made in the international arena. In the meantime, you are required to adhere to the requirements set out in the Guidance Note on Prevention of Money Laundering issued...