... that he/ she/ it is guilty of misconduct or is not fit and proper. One type of disciplinary action that the IA may take is ordering a person to pay a pecuniary penalty not exceeding the amount which is the greater of (i) HK$10 million; or (ii) 3 times the amount of the profit gained or loss avoided by...

... that he/ she/ it is guilty of misconduct or is not fit and proper. One type of disciplinary action that the IA may take is ordering a person to pay a pecuniary penalty not exceeding the amount which is the greater of (i) HK$10 million; or (ii) 3 times the amount of the profit gained or loss avoided by...

... Consultation Conclusions on: (1) Draft Guideline on Fit and Proper Criteria for Licensed Insurance Intermediaries under the Insurance Ordinance (Cap. 41) and (2) Draft Guideline on Continuing Professional Development for Licensed Insurance Intermediaries July 2019 Contents Executive Summary 1 Feedb...

... making available funds or other financial assets or economic resources to relevant persons or entities, or dealing with funds or other financial assets or economic resources belonging to such persons or entities are prohibited, except with a licence. (ii) United Nations Sanctions (Central African...

... PCR The PCR stresses and factors are benchmarked against international practices and overseas RBC regimes in place, such as IAIS ICS, EIOPA Solvency II, China C-ROSS, and Singapore RBC. 7 Pillar 1 – Quantitative Requirements Prescribed Capital Requirements Basic PCR Market Interest rate Credit spread...

... Intermediary Licence No. as Username for Supervisor Account? Note: Subject to Insurance Authority’s (“IA”) decision ☐ Yes ☐ No (If No, please stately clearly the proposed Username and underline numeric characters.) _________________________________ II. Information on Proposed Owner of Supervisor Account † Is...

... PCR The PCR stresses and factors are benchmarked against international practices and overseas RBC regimes in place, such as IAIS ICS, EIOPA Solvency II, China C-ROSS, and Singapore RBC. 7 Pillar 1 – Quantitative Requirements Prescribed Capital Requirements Basic PCR Market Interest rate Credit spread...