... up to date in line with the latest international requirements as promulgated by the Financial Action Task Force. The consultation document is available on the website of the FSTB (https://www.fstb.gov.hk/fsb/ppr/consult/consult_amlo.htm). You are welcome to submit your views and comments on the...

... on the organisation. It uses tools like: insurance, risk transfer other than insurance, self-insurance, etc. (Whilst insurance is closely connected with risk management, it is only one of the tools of risk management.) To illustrate (i) - (iii) above, suppose a supermarket finds that it is losing...

... specified in the Insurance Companies Ordinance (Cap.41) (“ICO”). The examination focuses on key risks that have material impact on the financial strength and sustainability of an insurer, with due emphasis placed on adequacy of paid-up capital, asset quality, reserving position and reinsurance arrangements....

... specified in the Insurance Companies Ordinance (Cap.41) (“ICO”). The examination focuses on key risks that have material impact on the financial strength and sustainability of an insurer, with due emphasis placed on adequacy of paid-up capital, asset quality, reserving position and reinsurance arrangements....

... specified in the Insurance Companies Ordinance (Cap.41) (“ICO”). The examination focuses on key risks that have material impact on the financial strength and sustainability of an insurer, with due emphasis placed on adequacy of paid-up capital, asset quality, reserving position and reinsurance arrangements....

... Insurance Authority’s visit to National Financial Regulatory Administration 1 August 2023 Mr Stephen Yiu, Chairman of the Insurance Authority (IA) and Mr Clement Cheung, Chief Executive Officer of the IA met with Mr Li Yunze, the Minister of...

... taken over the statutory functions of the Office of the Commissioner of Insurance (‘OCI’) to regulate insurance companies with effect from 26 June 2017. The OCI was disbanded on the same day. This Update serves to set out the textual updates to the Study Notes for the General Insurance Examination (2008...

... measures are maintained to comply with these prior approval and notification requirements. Please see Appendix II for further details relating to section 14 of the Ordinance. III. INTERVENTION REQUIREMENTS IMPOSED ON AN AUTHORIZED INSURER BY THE IA Part V (sections 26 to 41) of the Ordinance provides the...

... their respective roles and responsibilities and collaborative arrangements with respect to the regulation and supervision of AIs that carry on a regulated activity in the course of their business. 3. This MoU replaces and supersedes the MoU signed on 19 September 2003 between the Parties in view of the...

... their respective roles and responsibilities and collaborative arrangements with respect to the regulation and supervision of AIs that carry on a regulated activity in the course of their business. 3. This MoU replaces and supersedes the MoU signed on 19 September 2003 between the Parties in view of the...