... Explanatory Note on “Regulated Activity” under the Insurance Ordinance (Cap. 41) Insurance Authority October 2021 2 A. Introduction A.1 The regulatory regime for insurance intermediaries under the Insurance Ordinance (Cap. 41) (the “Ordinance”) makes it a criminal offence for a person, without reas...

... Explanatory Note on “Regulated Activity” under the Insurance Ordinance (Cap. 41) Insurance Authority October 2021 2 A. Introduction A.1 The regulatory regime for insurance intermediaries under the Insurance Ordinance (Cap. 41) (the “Ordinance”) makes it a criminal offence for a person, without reas...

... Draft Guideline on Enterprise Risk Management GUIDELINE ON ENTERPRISE RISK MANAGEMENT Insurance Authority Table of Contents Page 1. Introduction 1 2. Application 2 3. Overview of Enterprise Risk Management (ERM) Framework and General Requirements 4 4. Governance 7 5. Risk Appetite Statement 10 6. E...

... system of controls commensurate with the scale and complexity of the financial institution is properly put in place; (iii) the quality of risk models, data accuracy, capability of available tools to accurately measure risks, and justifications for risk taking can be challenged, and (iv) all limit...

... system of controls commensurate with the scale and complexity of the financial institution is properly put in place; (iii) the quality of risk models, data accuracy, capability of available tools to accurately measure risks, and justifications for risk taking can be challenged, and (iv) all limit...

... institution is properly put in place; (iii) the quality of risk models, data accuracy, capability of available tools to accurately measure risks, and justifications for risk taking can be challenged, and (iv) all limit breaches, deviations from established policies, and operational incidents are thoroughly...

... other financial assets or economic resources of certain persons or entities, except with a licence. (iii) United Nations Sanctions (Yemen) Regulation 2015 (Amendment) Regulation 2017 The United Nations Sanctions (Yemen) Regulation 2015 (Amendment) Regulation 2017 (“the Yemen Amendment Regulation”) has...