... by 3 Months Individual licensees are required to comply with the Continuing Professional Development (“CPD”) requirements as set out in the Guideline on Continuing Professional Development for Licensed Insurance Intermediaries (“GL24”) issued by the Insurance Authority (“IA”). The first CPD...

... prudential regulations, we have set out to enhance on the corporate governance of insurers and laid the groundwork for the introduction of a Risk- based Capital Regime to strengthen the regulatory infrastructure. We are also working closely with the Government to set up a Policy Holders’ Protection Scheme...

... three Self-Regulatory Organisations (SROs)1. Under the new regime, a person will require a licence granted by the IA to carry on regulated activities. A person must be fit and proper in order to be licensed and this requirement is ongoing. The draft F&P Guideline outlines the key criteria...

... Intermediary mailto:[email protected] IA (May/2018) - 2 - *Please delete where appropriate (B) Details of the relevant events/ incidents giving rise to your complaint (Please give full details of the relevant events/ incidents in chronological order with relevant information such as dates, places and...

... Intermediary mailto:[email protected] IA (May/2018) - 2 - *Please delete where appropriate (B) Details of the relevant events/ incidents giving rise to your complaint (Please give full details of the relevant events/ incidents in chronological order with relevant information such as dates, places and...

..., Participation in the First Quantitative Impact Study (QIS 1) for the Development of the Risk-based Capital (RBC) Regime I write to enlist your support in participating in QIS 1 and submission of data as set out in the enclosed templates. Following the Consultation Conclusions on the RBC framework1 issued in...

... HK ME Report HK ME Report (Jul 08) (Jul 08) -- recommendationsrecommendations • AML/CFT regime is generally effective • Customer due diligence (CDD) and record-keeping requirements to be set out in law or regulation • Inspection and investigation powers • Sanctioning powers Office of the Commissioner...

... Scenarios III.1. The three Prescribed Scenarios are set out below. Prescribed Scenario 1 – Market risk scenario This scenario is based on the two largest undiversified market risk charges in the prescribed capital requirement (“PCR”) of the regulatory capital requirements for a general business insurer as...

... HK ME Report HK ME Report (Jul 08) (Jul 08) -- recommendationsrecommendations • AML/CFT regime is generally effective • Customer due diligence (CDD) and record-keeping requirements to be set out in law or regulation • Inspection and investigation powers • Sanctioning powers Office of the Commissioner...

... the additional specific scenario(s) (“Specific Scenario(s)”) at least 3 months in advance of the relevant valuation date of the ORSA Report. 3 Please refer to Section 2 of GL21. Appendix 1 2 III. Prescribed Scenarios III.1. The three Prescribed Scenarios are set out below. Prescribed Scenario 1...