... “Know Your Client” procedures. 2. The assessment of the clients’ needs should refer to their financial circumstances, total protection needs and requirements as disclosed and duly recorded in the forms or instruments of the Members in conducting the “Know Your Client” procedures. 3. If the clients are...

... development of the ILS market in Hong Kong, the two-year Pilot ILS Grant Scheme was announced in the 2021-22 Budget. The Scheme offers grants to eligibly ILS issuances in Hong Kong to cover up to 100% or HK$ 12 million of upfront costs. Details of the Pilot ILS Grant Scheme are set out in the...

... applicant should be prepared to procure a letter of credit in favour of the Insurance Authority (“IA”) of an amount not less than HK$100,000. The letter of credit shall contain terms and conditions approved by the IA which shall include the following: • it must be issued by a bank as defined in the Banking...

... country; (h) An unincorporated applicant should be prepared to procure a letter of credit in favour of the Insurance Authority (“IA”) of an amount not less than HK$100,000. The letter of credit shall contain terms and conditions approved by the IA which shall include the following: • it must be issued by...

... applicant should be prepared to procure a letter of credit in favour of the Insurance Authority (“IA”) of an amount not less than HK$100,000. The letter of credit shall contain terms and conditions approved by the IA which shall include the following: • it must be issued by a bank as defined in the Banking...

... country; (h) An unincorporated applicant should be prepared to procure a letter of credit in favour of the Insurance Authority (“IA”) of an amount not less than HK$100,000. The letter of credit shall contain terms and conditions approved by the IA which shall include the following: • it must be issued by...

... applicant should be prepared to procure a letter of credit in favour of the Insurance Authority (“IA”) of an amount not less than HK$100,000. The letter of credit shall contain terms and conditions approved by the IA which shall include the following: • it must be issued by a bank as defined in the Banking...

... country; (h) An unincorporated applicant should be prepared to procure a letter of credit in favour of the Insurance Authority (“IA”) of an amount not less than HK$100,000. The letter of credit shall contain terms and conditions approved by the IA which shall include the following: • it must be issued by...

... country; (h) An unincorporated applicant should be prepared to procure a letter of credit in favour of the Insurance Authority (“IA”) of an amount not less than HK$100,000. The letter of credit shall contain terms and conditions approved by the IA which shall include the following: • it must be issued by...

... regime for insurance intermediaries on 23 September 2019, except for the new minimum CPD hours which will come into operation on 1 August 2021. Ends Note: 1Consultation papers were issued by the IA on 28 September 2018, and a total of 74 written submissions were received...