... Financial Reporting Council that it is a daunting task to set up a new organization. And setting up the independent authority for the insurance industry would not be any easier. It was after deep thoughts and prayers that I agreed to take up the invitation to work in this new - 3 - venture. 7. On being...

... 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...

... Financial Reporting Council that it is a daunting task to set up a new organization. And setting up the independent authority for the insurance industry would not be any easier. It was after deep thoughts and prayers that I agreed to take up the invitation to work in this new - 3 - venture. 7. On being...

... 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...

... 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...

... Application for Insurance Agency Licence For Official Use O D N 1st Review 2nd Review C S F Approved † Please tick the appropriate box. Version: September 2019 1 Form A5 Please complete all items in BLOCK LETTERS. All amendments must be signed by Applicant. I. Particulars of Applicant Name in...

... Application for Insurance Agency Licence For Official Use O D N 1st Review 2nd Review C S F Approved † Please tick the appropriate box. Version: September 2019 1 Form A5 Please complete all items in BLOCK LETTERS. All amendments must be signed by Applicant. I. Particulars of Applicant Name in...