... and chief executives of insurance brokers will be deemed as responsible officers of the firms concerned during the transitional period. 6 New Regulatory Regime for Insurance Intermediaries 7 Set out licensing, F&P and conduct requirements Process licence applications and update Register of licensees...

... appropriate. To step up this regulatory role and streamline the monitoring procedures, the OCI has developed a set of standard questionnaires asking for supplementary information, which is to be submitted by insurers together with their annual filings of financial statements. This new practice facilitates the...

... appropriate. To step up this regulatory role and streamline the monitoring procedures, the OCI has developed a set of standard questionnaires asking for supplementary information, which is to be submitted by insurers together with their annual filings of financial statements. This new practice facilitates the...

... appropriate. To step up this regulatory role and streamline the monitoring procedures, the OCI has developed a set of standard questionnaires asking for supplementary information, which is to be submitted by insurers together with their annual filings of financial statements. This new practice facilitates the...

... appropriate. To step up this regulatory role and streamline the monitoring procedures, the OCI has developed a set of standard questionnaires asking for supplementary information, which is to be submitted by insurers together with their annual filings of financial statements. This new practice facilitates the...

... account owner”) with information on how to submit an individual licence application through IIC. For the set up of “supervisor account” and “administration account” by the principal, please refer to the “User Guide of the IA Insurance Intermediaries Connect for Principals (Authorized Insurers, Licensed...

... 5.7 It should be noted that any shares or securities listed on a foreign stock exchange not recognized by the IA (i.e. a foreign stock exchange other than those listed in Annex 3) shall be deemed as unlisted for the purposes of the Rules and must be valued in accordance with the principles set out in...

... consideration. The relevant Forms1 for seeking approval/no objection or notification of any changes of or in the particulars of such persons are set out in Schedules 2, 4, 5 and 6 to the Ordinance. The IA’s Powers of Approval, Revocation of Approval, or Objection in respect of Proposed Appointments or...

... PCR should be set at a confidence level calculated using 99.5% value-at-risk (“VaR”) over a one-year period. 3 8. There is general agreement with the total balance sheet approach for the measurement of risks, as well as the establishment of the two explicit solvency control levels. 9. In respect of...

... Here in Hong Kong, the Green and Sustainable Finance Cross-Agency Steering Group was set up in May 20201 to coordinate on these issues in the financial sector, while supporting international initiatives and alignment. The challenges we face are enormous. But with immense challenges also comes immense...