... drive the insurers’ business practices and decisions. 1.3 The risk-based capital regime (“RBC regime”) for Hong Kong’s insurance industry is to comprise of three key components, commonly known as the “Three Pillars”. Pillar 1 covers the regulatory capital rules and requirements; Pillar 2 covers...

... The four IFGs are IFG on Pillar 1 (Life Insurance), IFG on Pillar 1 (General Insurance), IFG on Pillar 2 and IFG on Groups. 2 The data to be collected during QIS 1 is important to enable us to perform data analysis and calibration for the risk charges and capital requirement at a later stage. Your...

... Download Area Important Notes Before you ProceedReturn SubmissionDownload AreaEnquiryFAQsNotes on collection of Levy on Insurance PremiumSystem Maintenance Schedule   Item No. Item Description...

... America) (item 27) Jama'at al-Tawhid wa'al-Jihad (JTJ) (item 78) You should review your records carefully to see whether you have had, or currently have, accounts, transactions or dealings with the named individuals or entities. If such review reveals any suspicious accounts...

... group • IA • HKFI • Authorized insurers • Licensed brokers • Technology companies • Consulting companies Consult the Open API Framework • Scope • Timeline • Standards • Facilitation • Maintenance Develop related guidelines • Open API Implementation Guideline • Technical standards about data exchange...

... the Pillar 1 (quantitative assessment) and Pillar 3 (disclosure) requirements and related matters under the Risk-based Capital regime and empowers the Insurance Authority (“IA”) to prescribe detailed requirements by way of subsidiary legislation.  Among other things, it also adjusts...

... management level to have the overall responsibility for the establishment and maintenance of the insurer’s AML/CFT systems; and a senior staff as the Money Laundering Reporting Officer (“MLRO”) to act as the central reference point for suspicious transaction reporting. To facilitate more effective...

... that business is conducted orderly and in accordance with policies formulated by the Board of Directors or senior management. They also verify compliance with the standing requirements on maintenance of assets in Hong Kong, corporate governance, as well as selling of insurance policies to Mainland...

... Important Notes Before You Proceed Important Notes Before you ProceedReturn SubmissionDownload AreaEnquiryFAQsNotes on collection of Levy on Insurance PremiumSystem Maintenance Schedule   The periods for return submission in each year...

... These failures resulted in the Companies contravening the prevailing regulatory requirements1 in relation to the maintenance of separate client accounts and the keeping of proper books and records applicable to insurance broker companies. The regulatory requirements in relation to client...