... Support the International Financial Reporting Standards Foundation’s proposal to establish a new Sustainability Standards Board for developing and maintaining a global, uniform set of sustainability reporting standards. We will also support complementary efforts by other standard-setting...

... records and outstanding cases to the IA so as to achieve a seamless transition. We have set up a Working Group on Direct Licensing Regime for Insurance Intermediaries (Working Group) to succeed the Working Group on Transition convened by the Financial Services and the Treasury Bureau. The main functions...

... Therefore, the assets freeze, travel ban and arms embargo set out in paragraph 1 of Security Council resolution 2368 (2017) no longer apply to the name set out below. A. Individual associated with ISIL (Da’esh) and Al-Qaida QDi.109 Name: 1: ZULKIFLI 2: ABDUL HIR 3: na 4: na Title: na Designation: na DOB: a...

... Business 4/1 4.1.1 Statutory Classification of Insurance 4.2 Size of Industry 4/4 4.2.1 Authorised Insurers 4.2.2 Registered or Authorised Insurance Intermediaries 4.2.3 Persons Employed 4.2.4 Premium Volume 4.3 Insurance Intermediaries 4/5 4.4 The Hong Kong Federation of Insurers (‘HKFI’) 4/6 5....

...  that  insurers  and  intermediaries  should ensure  that  the  recommended  policy  is  suitable  for  the  circumstances  (e.g.  needs,  affordability, etc) of the customer.      In  case  of  affordability  mismatch  (e.g.  the  customer  has  indicated  a  target  premium  term  of  10  years  but...

...  affordability  mismatch  (e.g.  the  customer  has  indicated  a  target  premium  term  of  10  years  but  is  recommended  a  product  with  whole‐of‐life  payment  term),  insurers  should  not  accept  the  application  even with  customer  declaration (including ILAS and non‐ILAS).              (as at 12...

... PCR should be set at a confidence level calculated using 99.5% value-at-risk (“VaR”) over a one-year period. 3 8. There is general agreement with the total balance sheet approach for the measurement of risks, as well as the establishment of the two explicit solvency control levels. 9. In respect of...

... proposals-that-create-comprehensive-global-baseline-of-sustainability-disclosures/ . The proposed standards are built on, among others, the recommendations of the Task Force on Climate-related Financial Disclosures (“TCFD”)2 and are intended to form a comprehensive and effective global baseline of sustainability disclosures, which set out requirements for the disclosure of...

... proposals-that-create-comprehensive-global-baseline-of-sustainability-disclosures/ . The proposed standards are built on, among others, the recommendations of the Task Force on Climate-related Financial Disclosures (“TCFD”)2 and are intended to form a comprehensive and effective global baseline of sustainability disclosures, which set out requirements for the disclosure of...

... as soon as practicable in writing together with the supporting information/documents as set out in the Annex. In any event, such application must be lodged with the IA before the 6- month statutory submission deadline. In considering approval of an application for exemption under section 79 of the IO...