... industry have placed increasing emphasis on fair treatment of customers. ICP 19.2.4 stipulates that fair treatment of customers encompasses: (a) developing and marketing products in a way that pays due regard to the interests of customers; (b) providing customers with clear information before, during and...

... 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 Executive and Technical Representatives to use a suitable confidential questionnaire...

... can, in substance, govern the financial and operating policies of the other so as to obtain benefits from the other’s activities2. Examples of entities that the IA may consider appropriate for inclusion under section 95D(3) of the Ordinance to be members of a supervised group include associates, joint...

... activities in respect of long term business) Insurance Authority September 2019 Contents Page Chapter 1 Overview ........................................................................... 1 Chapter 2 Risk-based approach ......................................................... 9 Chapter 3 AML/CFT Systems...

... activities in respect of long term business) Insurance Authority September 2019 Contents Page Chapter 1 Overview ........................................................................... 1 Chapter 2 Risk-based approach ......................................................... 9 Chapter 3 AML/CFT Systems...

... insurance agencies and licensed insurance broker companies carrying on regulated activities in respect of long term business)) Insurance Authority September 2019November 2018 Contents Page Chapter 1 Overview ........................................................................... 1 Chapter 2 Risk-based...

...) partnerships; (iv) employee benefits. 1.2 PRINCIPLES OF LIFE INSURANCE In the Core Subject for this Insurance Intermediaries Quality Assurance Scheme, "Principles and Practice of Insurance", the principles of insurance were studied in detail. By way of reminder, but not detailed comment at this stage, these...

... ........................................................................... 1 Chapter 2 Risk-based approach ......................................................... 9 Chapter 3 AML/CFT Systems ......................................................... 13 Chapter 4 Customer due diligence ................................................... 18 Chapter 5 Ongoing monitoring...

... risks associated with investments made under such OA ILAS products (Q&A 32D on risk disclosure);  provide guidance in complying with the relevant requirements (Q&A 32E on governance and controls); and 2  provide a transitional period till 30 June 2022 for necessary operational and system changes to be...