... first year of the direct regulatory regime for licensed insurance agents and issues relating to authorized insurers As you will be aware, the new direct regulatory regime for licensed insurance intermediaries, as set out in the Insurance Ordinance (Cap. 41) (the “Ordinance”), has been in effect for just...

... in the Basic Plan Illustration in Section 3 are set out below. The current scale of charges, unless otherwise specified, is not guaranteed and is subject to the company’s sole discretion to change with prior written notice to policyholders # months before effective (note: the # cannot be less than 1...

... TF together with the international community. Over the years we have put in place a robust anti-money laundering and counter-financing of terrorism (“AML/CFT”) regime having regard to international standards set by the Financial Action Task Force. To stay ahead of the curve, we put the AML/CFT regime...

... TF together with the international community. Over the years we have put in place a robust anti-money laundering and counter-financing of terrorism (“AML/CFT”) regime having regard to international standards set by the Financial Action Task Force. To stay ahead of the curve, we put the AML/CFT regime...

... TF together with the international community. Over the years we have put in place a robust anti-money laundering and counter-financing of terrorism (“AML/CFT”) regime having regard to international standards set by the Financial Action Task Force. To stay ahead of the curve, we put the AML/CFT regime...

... on an ongoing basis No proper documentation for name screening exercises  No name screening mechanism set out in procedural manuals  No screening results retained for customers Recommendations:  Establish and maintain an effective screening mechanism  Document all the name screening results...

... is currently derived from digital channels. Abiding by the technology-neutral principle, we set no artificial barriers for Insurtech, while ensuring that products offered on digital platforms carry a simple structure and heavy protection element. Sandbox and Fast Track, the two new initiatives rolled...

... factors set out in this Guideline are not exhaustive. This Guideline does not constitute legal advice. You should seek professional advice if you have any question relating to the application or interpretation of the relevant provisions of the Ordinance. 2. Scope of Application 2.1. “Regulated person” is...

... is currently derived from digital channels. Abiding by the technology-neutral principle, we set no artificial barriers for Insurtech, while ensuring that products offered on digital platforms carry a simple structure and heavy protection element. Sandbox and Fast Track, the two new initiatives rolled...

... on an ongoing basis No proper documentation for name screening exercises  No name screening mechanism set out in procedural manuals  No screening results retained for customers Recommendations:  Establish and maintain an effective screening mechanism  Document all the name screening results...