... following initiatives which can be downloaded from the HKFI website: Initiative on FNA (effective on 1 January 2016) http://www.hkfi.org.hk/pdf/en/download/Initiative%20on%20Financial%20Needs%20Analysis _1Jan16.pdf Updated Requirements Relating to the Sale of ILAS to Enhance Customer Protection (effective...

... Authority Contents Page 1. Introduction ……………………………………………… 1 2. Considerations in Exercising the Insurance Authority’s Power to Impose Pecuniary Penalty……………………… 1 3. Commencement…………………………………………... 4 1 1. Introduction 1.1. This Guideline is issued by the Insurance Authority (“IA”) pursuant to section 23(1...

... Consultation Paper on Draft Insurance (Special Purpose Business) Rules 2 FOREWORD 1. This paper is published by the Insurance Authority (“IA”) to consult the public on the draft rules to be made under section 129A of the Insurance Ordinance (Cap. 41) (which will be added upon commencement of...

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... in participating in QIS 2 and submitting data as set out in the enclosed templates. Based on the data collected from the First Quantitative Impact Study (QIS 1), we conducted calibration for various risk charges and set out methodologies in certain technical aspects. In the past six months, we...

... PowerPoint Presentation v Simon Lam Executive Director, General Business 26th November 2020 Sustainable Growth in General Insurance with Actuary Agenda Agenda Regulatory Updates What’s Next? 4 Roles of Non-Life Actuaries 3 2 Polling Questions 1 3 Polling Questions Do you think actuary has a key...

... PowerPoint Presentation v Simon Lam Executive Director, General Business 26th November 2020 Sustainable Growth in General Insurance with Actuary Agenda Agenda Regulatory Updates What’s Next? 4 Roles of Non-Life Actuaries 3 2 Polling Questions 1 3 Polling Questions Do you think actuary has a key...

... insurance intermediaries from the Self-Regulatory Organizations (“SROs”), onwards all complaint and non-compliance cases unresolved by the SROs will be handled by the IA by reference to the applicable rule [1] (such as the codes, guidance notes and guidelines issued by the SROs) that...

... are: 1 Apr to 31 May (for Relevant Period 1 Oct to 31 Mar); and 1 Oct to 30 Nov (for Relevant Period 1 Apr to 30 Sep) For insurers of Composite Business, it is recommended to file General Business and Long Term Business separately into...