... renew its EC insurance cover. The insurer issued an EC insurance cover but it was only effective from 2 July 2020, which meant the client was left uninsured for 21 days from 10 June 2020 to 1 July 2020. The client was charged for contravening section 40 of the Employees’ Compensation...

... significant role in improving the social well- being and economic development, and are indispensable for building a robust and sustainable insurance industry in Hong Kong. 2 The establishment of the IA has marked a new milestone in the development of the insurance industry in Hong Kong. I am glad to see a...

... purposes without the OCI’s prior written consent. 2 AML/CFT Systems and Senior Management Oversight How well do insurance institutions understand their ML/TF risks and apply mitigating measures commensurate with their risks? 3 AML/CFT Systems and Senior Management Oversight 4 Country risk – whether...

... Initiative will - 2 - bring about tremendous business opportunities, underpinned by substantive amount of capital and vast talent flow within the region. Since our return to the Motherland, Hong Kong has been taking up the role as a “super-connector” of the Mainland to the rest of the world. The National...

... Initiative will - 2 - bring about tremendous business opportunities, underpinned by substantive amount of capital and vast talent flow within the region. Since our return to the Motherland, Hong Kong has been taking up the role as a “super-connector” of the Mainland to the rest of the world. The National...

... Initiative will - 2 - bring about tremendous business opportunities, underpinned by substantive amount of capital and vast talent flow within the region. Since our return to the Motherland, Hong Kong has been taking up the role as a “super-connector” of the Mainland to the rest of the world. The National...

... and behind schedule by 2 years." eY report 20161 Plan for Success Starts with Risk Due Diligence Without going through adequate due diligence at the early project planning stage, project investors would be exposed to a high possibility of making substantial investment loss or even giving rise to...

... the commencement of the regulatory regime for licensed insurance intermediaries on 23 September 2019, which resulted in the IA taking on the function of directly regulating licensed insurance intermediaries in addition to its function for directly regulating authorized insurers. 2. The regime under...

... the commencement of the regulatory regime for licensed insurance intermediaries on 23 September 2019, which resulted in the IA taking on the function of directly regulating licensed insurance intermediaries in addition to its function for directly regulating authorized insurers. 2. The regime under...

... Innovation”. We look forward to working closely with the industry and other stakeholders, both in and outside Hong Kong, to achieve our new mission of facilitating the 2 sustainable development of the industry and promoting Hong Kong’s competitiveness as a global insurance hub. As an agile regulator, we are...