... assigned to them under the Ordinance, except otherwise stated. 3. Parameters for the Actuarial Review 3.1. The reserves, which are set aside by an authorized insurer for the purpose of meeting its insurance liabilities, in respect of EC and/or motor insurance business will be subject to actuarial review...

... 1 April 2022 Our Ref: INS/TEC/10/51 By e-mail only To: Chief Executives of all Authorized Insurers, Chief Executives of Designated Insurance Holding Companies, Responsible Officers of all Licensed Insurance Broker Companies and Responsible Officers of all Licensed Insurance Agencies Dear Sirs...

... external auditors in order to assess the effectiveness of the system. Appropriate revision or enhancement can be made if necessary. Similar to the risk management policy, the monitoring system must be clearly set out and properly documented. 2.1.6 Financial Risk Management in Hong Kong (a) Risk Management...

... Unit List of Contents • Overview of JFIU • Relevant Legislation in HK • The ‘SAFE’ Approach • Reporting of STR • Case Example Joint Financial Intelligence Unit Overview of JFIU Joint Financial Intelligence Unit Overview of JFIU Joint Financial Intelligence Unit (“JFIU”) • Set up in 1989 at Police HQs...

... Unit List of Contents • Overview of JFIU • Relevant Legislation in HK • The ‘SAFE’ Approach • Reporting of STR • Case Example Joint Financial Intelligence Unit Overview of JFIU Joint Financial Intelligence Unit Overview of JFIU Joint Financial Intelligence Unit (“JFIU”) • Set up in 1989 at Police HQs...

... Unit List of Contents • Overview of JFIU • Relevant Legislation in HK • The ‘SAFE’ Approach • Reporting of STR • Case Example Joint Financial Intelligence Unit Overview of JFIU Joint Financial Intelligence Unit Overview of JFIU Joint Financial Intelligence Unit (“JFIU”) • Set up in 1989 at Police HQs...

... key areas are drawn to their attention. Such letter should also set out the means for the customer to contact the Member Company for any disagreement on the points set out. The sample notification letter is provided in Appendix F2. Page 7 of 54 (effective no later than 1 January 2015) 8) At the end of...