... earnings 60 CRa(A) = 20 + 60 – 10 = 70 14 Consolidated financial statement of “Intermediate Holding Entity B” Assets Liabilities and Equities Investment in associate (Affiliate D) 150 Total liabilities* 400 Other assets* 550 Share capital 50 Retained earnings 250 *Includes consolidated assets and...
https://www.ia.org.hk/english/legislative_framework/circulars/reg_matters/files/GL32_Module_C_Interpretation_Notes.pdf -
Date: 2022-05-31
... 856.0 867.1 11.4 14.9 21.1 48.7 335.6 1.1 0.6 7.6 8.6 17.1 0.0 0.0 0.7 2.2 8.8 101.5 112.8 127.3 119.6 106.6 36.8 38.5 39.9 30.0 36.2 128.9 120.5 111.7 140.7 164.8 125.0 48.3 40.0 59.5 61.2 730.3 747.1 774.4 808.1 768.8 459.5 472.0 393.4 372.3 388.6 279.7 259.8 250.3 273.3 311.9 104.1 113.5 105.4 106.6...
https://www.ia.org.hk/english/infocenter/statistics/files/T_G7_2018.pdf -
Date: 2019-11-04
... that he/ she/ it is guilty of misconduct or is not fit and proper. One type of disciplinary action that the IA may take is ordering a person to pay a pecuniary penalty not exceeding the amount which is the greater of (i) HK$10 million; or (ii) 3 times the amount of the profit gained or loss avoided by...
https://www.ia.org.hk/english/infocenter/files/Consultation_Conclusions_on_Pecuniary_Penalty_GL_Eng.pdf -
Date: 2019-09-03
... that he/ she/ it is guilty of misconduct or is not fit and proper. One type of disciplinary action that the IA may take is ordering a person to pay a pecuniary penalty not exceeding the amount which is the greater of (i) HK$10 million; or (ii) 3 times the amount of the profit gained or loss avoided by...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/Consultation_Conclusions_on_Pecuniary_Penalty_GL_Eng.pdf -
Date: 2019-09-10
... payable subject to a floor of HK$10 million and a ceiling of HK$60 million. Pro-rata calculation of the amount of the designation fee where the date of designation of the designated insurance holding company is not 1 April is also provided. The Regulation comes into operation on 29 March 2021....
https://www.ia.org.hk/english/legislative_framework/overview/latest_legislative_developments.html -
Date: 2023-11-01
...%), including $130.8 billion from Individual Life and Annuity (Non-Linked) business (increased by 21.8%) and $8.5 billion from Linked business (decreased by 35.3%). The share of new office premiums in respect of policies issued to Mainland visitors was $36 billion (increased by 5.5%), making up 25.8...
https://www.ia.org.hk/english/infocenter/press_releases/20191129.html -
Date: 2021-09-03
... individual businesses. About 98% of the policies taken out by this group of customers were settled at regular intervals (i.e. non-single premiums), with critical illness, whole life and medical insurance accounting for 48%, 36% and 5% of these policies respectively. General business...
https://www.ia.org.hk/english/infocenter/press_releases/20201130.html -
Date: 2021-09-03
...; − whether the individual caused or encouraged other regulated persons or other persons to engage in the conduct or the same type of conduct; and − the individual’s experience in the industry and, if the individual is a person referred to in paragraph 2.1(c) above, the individual’s position within the firm....
https://www.ia.org.hk/english/legislative_framework/files/Guideline_on_Pecuniary_Penalty_English.pdf -
Date: 2020-09-24
...; − whether the individual caused or encouraged other regulated persons or other persons to engage in the conduct or the same type of conduct; and − the individual’s experience in the industry and, if the individual is a person referred to in paragraph 2.1(c) above, the individual’s position within the firm....
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/GuidelineonExercisingPowertoImposePecuniaryPenaltyinRespectofRegulatedPersonsundertheInsuranceOrdinance.pdf -
Date: 2020-06-24
...; − whether the individual caused or encouraged other regulated persons or other persons to engage in the conduct or the same type of conduct; and − the individual’s experience in the industry and, if the individual is a person referred to in paragraph 2.1(c) above, the individual’s position within the firm....
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/GuidelineonExercisingPowertoImposePecuniaryPenaltyinRespectofRegulatedPersonsundertheInsuranceOrdinance_Brokers.pdf -
Date: 2020-06-24