... for the Office of the Commissioner of Insurance (“OCI”). We worked in full swing for the institutional change towards the new regulatory regime underpinned by the independent Insurance Authority (“IIA”). In particular, we worked closely with the Provisional Insurance Authority under the chairmanship...

... Consultation Paper on the Draft Insurance (Group Capital) Rules Consultation Paper on Draft Insurance (Group Capital) Rules 1 FOREWORD 1. This paper is published by the Insurance Authority to consult the public on the draft rules to be made under section 129 of the Insurance Ordinance (Cap. 41), na...

... compliance and on-boarding procedures, so that there is full awareness of this requirement and notification to the IA can be made at least 14 days before the intended appointment. Relevant form for reporting to the IA – N2 4 3) A licensed insurance agency must notify the IA within 14 days of terminating the...

... where the degree of risk is an issue that a country either must take into account (if there is higher risk), or may take into account (if there is lower risk). General Risk Principle 27. A country could decide that it will apply the full range of AML/CFT measures set out in Recommendations 5-11, 13-15...

... where the degree of risk is an issue that a country either must take into account (if there is higher risk), or may take into account (if there is lower risk). General Risk Principle 27. A country could decide that it will apply the full range of AML/CFT measures set out in Recommendations 5-11, 13-15...

... where the degree of risk is an issue that a country either must take into account (if there is higher risk), or may take into account (if there is lower risk). General Risk Principle 27. A country could decide that it will apply the full range of AML/CFT measures set out in Recommendations 5-11, 13-15...

... Enhance Customer Protection (“Updated Requirements”) With reference to our Circular (Ref: Mv135/14) dated 8 December 2014, a revised enclosure (mainly with topographical changes on pages 10 and 30) is enclosed herewith to replace the Updated Requirements. The full set of Updated Requirements is...

... Revised Code is attached. The full version of revised Code can be downloaded from the HKFI website at the following hyperlink: https://www.hkfi.org.hk/#!/insurance-agent/codes-and-standards SL/LC Appendix 24 May 2018 2018年5月24日 The Code of Practice for the Administration of Insurance Agents 保險代理管理守則 New...

... of up to level 5 (i.e. $50,000 at present). Commentary – It is suggested for a broker company to include the need to notify the IA of the intended appointment of a TR in its documented internal compliance and on-boarding procedures, so that there is full awareness of this requirement and notification...

... insurance business (Column 3 and column 4 of the Table in paragraph 6); S represents specified ratio which means: the number of months between two successive scheduled premium payments dates divided by 12 months (an incomplete month is taken to be one month). 4 At full implementation, in general, policy...