... greater the likelihood that the IA will impose a pecuniary penalty and that the size of the penalty will be larger. In determining the seriousness of a contravention, the IA will consider all of the circumstances of the case and take into account but not limited to the factors set out below. (a) The...

... not limited to the factors set out below. (a) The nature, seriousness and impact of the contravention, including: (i) whether the contravention is intentional or reckless or negligent – a contravention caused merely by negligence or conduct which only results in a technical breach is generally...

... penalty and that the size of the penalty will be larger. In determining the seriousness of a contravention, the IA will consider all of the circumstances of the case and take into account but not limited to the factors set out below. (a) The nature, seriousness and impact of the contravention, including...

...�cer approved by the IA . Maintain a client account with a bank in Hong Kong . Compliance with the requirements set out in the Insurance (Financial and Other Requirements for Licensed Insurance Broker Companies) Rules . Proper corporate governance, internal controls and risk management (organizational...

... the licensing requirements under the Ordinance have the benefit of these views, the IA has decided to issue this additional Explanatory Note (“Note”). A.4 In section B of this Note we set out the IA’s general approach in considering the issue of whether or not a person is required to obtain a licence...

... the licensing requirements under the Ordinance have the benefit of these views, the IA has decided to issue this additional Explanatory Note (“Note”). A.4 In section B of this Note we set out the IA’s general approach in considering the issue of whether or not a person is required to obtain a licence...

... the customization complies with all the requirements set out in paragraphs 7.1-7.4 of the Guideline. Q8 Referring to paragraph 7.2 of the Guideline, please provide some examples of information not to be “relevant” and “value to customers”, which depend on customer’s judgment. This may discourage...

... the customization complies with all the requirements set out in paragraphs 7.1-7.4 of the Guideline. Q8 Referring to paragraph 7.2 of the Guideline, please provide some examples of information not to be “relevant” and “value to customers”, which depend on customer’s judgment. This may discourage...

... (“CPD”) Requirements CPD Compliance Reporting for the Assessment Period 2021/2022 Detailed instructions for reporting by individual licensees and appointing principals to the Insurance Authority (“IA”) Further to our circular dated 28 January 2022, we write to set out the CPD compliance reporting...

... FRs will use their best endeavours to follow the arrangements set out in this MOU in a manner consistent with their respective regulatory regimes, in recognition of the institution-based approach which has been adopted for the regulation of regulated persons. 2.4 This MOU is subject to, and does not...