... Financial Needs Analysis Form and Risk Profile Questionnaire (“RPQ”) as per the HKFI ILAS Requirements, that Members should put in place appropriate control and procedures to ensure that the information in the two sets of documents is consistent with each other. 5. The forms or instruments for...

... Requirement Whilst we rely upon Members to apply stringent internal control measures to manage the due compliance in this regard, we are obliged to introduce at this juncture an Annual Certification requirement that Chief Executives of Members are to certify compliance by using the appended form prescribed by...

... instruments. When Members’ forms are not accepted by individual insurers, this may result in the clients having to fill in similar information onto insurer’s FNA form (and also insurer’s Risk Profile Questionnaire (“RPQ”) for Linked Long Term Insurance). Members should adopt appropriate control and procedures...

... intermediary liable to judicial or other proceedings. A non- 3 compliance may, however, for example, reflect on the IA’s view of the continued fitness and properness of (i) the directors, controllers and key persons in relevant control functions of the authorized insurers to which this Guideline applies and...

... intermediary liable to judicial or other proceedings. A non- 3 compliance may, however, for example, reflect on the IA’s view of the continued fitness and properness of (i) the directors, controllers and key persons in relevant control functions of the authorized insurers to which this Guideline applies and...

... intermediary liable to judicial or other proceedings. A non- 3 compliance may, however, for example, reflect on the IA’s view of the continued fitness and properness of (i) the directors, controllers and key persons in relevant control functions of the authorized insurers to which this Guideline applies and...

... – Quantitative Aspects Capital adequacy 7. We proposed in the consultation document that a total balance sheet approach should be adopted and that two explicit solvency control levels, namely, the prescribed capital requirement (“PCR”) and the minimum capital requirement (“MCR”) be used. We further proposed that...

... realisable assets for restraint and confiscation are relatively negligible  HK is one of the most open insurance centres in the world ML threat level of insurance sector is medium low 4 Vulnerabilities of Insurance Sector Input Variables  General AML Control Variables Relate to the effectiveness of the...

... and analytics can lower operation costs through accurate product design, product pricing and risk control. All these crystalise into insurance products that better meet the needs of clients at a lower price and a more efficient claim process. In the UK and US, there are technological applications to...

... attributable to the conduct; (xiii) in relation to a firm, − whether the conduct reveals serious or systemic weaknesses of the firm’s internal control procedures and risk management systems in respect of all or part of the business of regulated activities carried on by the firm; 4 − the seniority and industry...