... communications with and explanations to the IA, the LIC is pleased to attach the revised Initiative on FNA with an expanded list of exempted products (with mark-ups). The clean version can be downloaded from HKFI website at the following hyperlink: https://www.hkfi.org.hk/#!/resources-centre/codes-and-standards...

... Class C (Linked Long Term) Product with Open Architecture (“OA ILAS Products”) /…… 31 August 2021 Our Ref: INS/TEC/6/96 By Email Only To: Chief Executives of authorized insurers carrying on long term business and responsible officers of licensed insurance broker companies and licensed insurance...

... Class C (Linked Long Term) Product with Open Architecture (“OA ILAS Products”) /…… 31 August 2021 Our Ref: INS/TEC/6/96 By Email Only To: Chief Executives of authorized insurers carrying on long term business and responsible officers of licensed insurance broker companies and licensed insurance...

... international financial system. Further, the FATF has serious concerns with the threat posed by the DPRK’s illicit activities related to the proliferation of weapons of mass destruction (“WMD”) and its financing. The FATF calls on its members and urges other jurisdictions to apply effective counter-measures and...

... insurance industry’s awareness and understanding of the statutory obligations on anti-money laundering and counter-terrorist financing (“AML/CTF”), the Insurance Authority will host two AML/CTF seminars on 22 and 29 November 2017. The objectives of the seminars are: a) to provide the participants with an...

... holders. “The RBC regime seeks to strengthen the financial soundness of insurers and put Hong Kong on a par with international standards, consolidating Hong Kong’s function as an international risk management centre,” an IA spokesperson said. “Adopting the RBC regime will...

... proactive steps in strengthening collaboration with other jurisdictions in Fintech development. The agreement with DFSA signifies closer co-operation between the two authorities in fostering and creating business opportunities for Fintech firms on a global reach," said Mr John Leung, Chief Executive...

... industry on possible involvement or interaction with activities related to virtual assets (“VAs”) and Virtual Asset Service Providers (“VASPs”). This circular provides guidance on the pertinent issues that authorized insurers should take into account on this topic. Regulatory Developments In light of the...

... with information on channels and procedures for making complaints. If you are dissatisfied with the way in which your insurer has handled your application or claim, or with its claims decision, you can lodge a complaint through any of the channels provided by your insurer. For claims-related...