... determining whether a person is a fit and proper person. 6 (ii) any other person who is or will be acting for or on behalf of the person in relation to carrying on regulated activities; and (iii) the question as to whether the person has established effective internal control procedures and risk management...

... determining whether a person is a fit and proper person. 6 (ii) any other person who is or will be acting for or on behalf of the person in relation to carrying on regulated activities; and (iii) the question as to whether the person has established effective internal control procedures and risk management...

... be denied. Note: Technically the description of “all risks” is not totally correct, since there must be some excluded risks (that is why this term is sometimes expressed in inverted commas). (c) Fundamental Risks Put simply, a fundamental risk is basically one whose causes are outside the control of...

... requirements of the ICO as well as the criteria set out in the Authorization Guidelines mentioned in paragraph 13. These will include particulars of the applicant, its directors and controllers, financial standing, staff establishment, accounting policies, internal control and business plan. 25. The applicant...

... requirements of the ICO as well as the criteria set out in the Authorization Guidelines mentioned in paragraph 13. These will include particulars of the applicant, its directors and controllers, financial standing, staff establishment, accounting policies, internal control and business plan. 25. The applicant...

... expressed in inverted commas). (c) Fundamental Risks Put simply, a fundamental risk is basically one whose causes are outside the control of any one individual or even a group of individuals, and whose outcome affects large numbers of people, so that they frequently form standard policy exclusions. Below...

... underwriting, claims handling, asset management, reinsurance arrangements and supervision of intermediaries, the scope and depth of which vary depending on the nature or level of risks involved. The inspection teams will focus on risk management and internal control systems to ensure that business is conducted...

... control systems to ensure 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...

... underwriting, claims handling, asset management, reinsurance arrangements and supervision of intermediaries, the scope and depth of which vary depending on the nature or level of risks involved. The inspection teams will focus on risk management and internal control systems to ensure that business is conducted...

... control systems to ensure 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...