... upon the occurrence of a pre-defined trigger event, ILS are not considered to be financial products suitable for ordinary retail investors. As stated in paragraph 10 above, the policy intent of the Insurance (Amendment) Ordinance 2020 is to confine the sale of ILS to qualified institutional investors...

... the deduction claim of Qualifying Annuity Premiums paid under a QDAP during a year of assessment. The amount of premium due and paid does not include levy. In the event of refund of premiums, policy holders are required to notify the Commissioner of the Inland Revenue of such refund within 3 months...

... questions below, please provide details of the relevant case/matter on a separate sheet, including date of the relevant event, name of regulatory/criminal investigatory/professional body (if applicable), description of the case/matter, your role/involvement in the case/matter, and outcome and current status...

... only and shall be ignored in the interpretation of this Code. Application of the Ordinance 4. All words and expressions not defined in this Code shall have the meanings ascribed to them by the Ordinance. Conflict with the Ordinance 5. In the event of a conflict between this Code and the Ordinance, the...

... process, Good Practice Company stops the virtual onboarding process when a customer fails the screening check, and diverts the customer to manual review when a high risk factor(s) is detected or a trigger event(s) defined by the Company is hit by the customer, i.e. no “straight-through” is allowed....

... process, Good Practice Company stops the virtual onboarding process when a customer fails the screening check, and diverts the customer to manual review when a high risk factor(s) is detected or a trigger event(s) defined by the Company is hit by the customer, i.e. no “straight-through” is allowed....