... – - 6 - i. regulation should be activity-based to maintain a level playing field; ii. promoting innovation does not mean compromising policyholders’ protection; iii. although innovative technology is often proprietary, encouraging industry collaboration in technology development and application may...

... Market Conduct Division Insurance Authority c.c. The Hong Kong Federation of Insurers Professional Insurance Brokers Association The Hong Kong Confederation of Insurance Brokers [aml_tec-6-45_II_20211112/ih] https://www.fatf-gafi.org/publications/fatfgeneral/documents...

... – - 6 - i. regulation should be activity-based to maintain a level playing field; ii. promoting innovation does not mean compromising policyholders’ protection; iii. although innovative technology is often proprietary, encouraging industry collaboration in technology development and application may...

... investment elements  Used to be a vehicle for tax planning or estate planning for expatriates  On a declining trend from mid 2013 to 2016 due to: (i) Withdrawal of bancassurance distribution channel; (ii) Suspension of Capital Investment Entrant Scheme; and (iii) Promulgation of the IA’s Guideline on...

... – - 6 - i. regulation should be activity-based to maintain a level playing field; ii. promoting innovation does not mean compromising policyholders’ protection; iii. although innovative technology is often proprietary, encouraging industry collaboration in technology development and application may...

... investment elements  Used to be a vehicle for tax planning or estate planning for expatriates  On a declining trend from mid 2013 to 2016 due to: (i) Withdrawal of bancassurance distribution channel; (ii) Suspension of Capital Investment Entrant Scheme; and (iii) Promulgation of the IA’s Guideline on...

... assessment of prospective ILAS applicants has been carried out before recommendation of an ILAS product; ii. To ensure that the product features, charges and fees, the product and investment risk have been clearly explained to the prospective applicant before fulfilment; iii. To ensure that all necessary...