...) According to Membership Regulation 3.5, the General Committee is issuing this Guidance Note on Conducting “Know Your Client” Procedures for Long Term Insurance Business (Including Linked Long Term Insurance). Background CIB Membership Regulation 14.7.2 requires our Members and their Chief Executives and...

... reference, these are summarised at Schedule 1. 2. “Council” means the appointed and ex-officio members of the FRC. 3. “Enquiry” means an enquiry initiated by the Council under section 40 of the FRCO. 4. “FRCO” means the Financial Reporting Council Ordinance, Cap.588. 5. “ICO” means the Insurance Companies...

... reference, these are summarised at Schedule 1. 2. “Council” means the appointed and ex-officio members of the FRC. 3. “Enquiry” means an enquiry initiated by the Council under section 40 of the FRCO. 4. “FRCO” means the Financial Reporting Council Ordinance, Cap.588. 5. “ICO” means the Insurance Companies...

... reference, these are summarised at Schedule 1. 2. “Council” means the appointed and ex-officio members of the FRC. 3. “Enquiry” means an enquiry initiated by the Council under section 40 of the FRCO. 4. “FRCO” means the Financial Reporting Council Ordinance, Cap.588. 5. “ICO” means the Insurance Companies...

... reference, these are summarised at Schedule 1. 2. “Council” means the appointed and ex-officio members of the FRC. 3. “Enquiry” means an enquiry initiated by the Council under section 40 of the FRCO. 4. “FRCO” means the Financial Reporting Council Ordinance, Cap.588. 5. “ICO” means the Insurance Companies...

.../FAQ_CPD_12.06.2020rev_Eng.pdf https://www.ia.org.hk/tc/supervision/reg_ins_intermediaries/files/FAQ_CPD_Chi.pdf - 2 - For further details on the proposed penalties for non-compliance of the CPD requirements, please refer to the CPD Penalty Framework. Yours faithfully, Peter Gregoire Head of Market Conduct General Counsel...

... handling in all lines of insurance business. 2) Transparency and guidance – An authorized insurer must provide policyholders with sufficient information and timely advice about the claims-handling process and clear explanations in plain language on claim results. This means that...

... insurance intermediaries, an express provision has been introduced to the Ordinance making it a criminal offence to provide false information to the IA in connection with an application for a licence or an approval under the Ordinance2. An individual who commits such offence, if found guilty, will be liable...

... information to the IA in connection with an application for a licence or an approval under the Ordinance2. An individual who commits such offence, if found guilty, will be liable to a fine at level 53 and to imprisonment for 6 months. The IA will have no hesitation in prosecuting any individual who seeks...