... 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...

... recommendation, and for ILAS policies, those set out under 8.1 above. 11. In the recommendation of regular premium policies, Members should include, but without limitation, the following:- 11.1 the ratio of the regular premiums of the recommended products to the clients’ disposable income. When clients...

... currently set out in the AML Guideline. As a result, FIs are only required to collect address information of customers and/or beneficial owners without the need to collect documentary evidence for AML/CFT purpose. Relevant paragraphs of the AML Guideline that will be amended to reflect the removal of the...

... Asked Questions on CPD requirements The number of CPD hours an individual licensee must complete is set out in the Guideline on Continuing Professional Development for Licensed Insurance Intermediaries (“GL24”). The IA has also issued a set of Frequently Asked Questions (“FAQs”) and accompanying answers...

... culture. 1.3 ERM for solvency purposes is the coordination of risk management, strategic planning, capital adequacy, and financial efficiency in order to enhance sound operation of the authorized insurer and ensure the adequate protection of policy holders. An authorized insurer embeds an integrated set of...

... regulate and supervise the insurance industry. This includes regulating and supervising authorized insurers and licensed insurance intermediaries. The IA’s functions and powers are set out in the Insurance Ordinance. Complaints against authorized insurers If your complaint is against an authorized insurer...

... regulate and supervise the insurance industry. This includes regulating and supervising authorized insurers and licensed insurance intermediaries. The IA’s functions and powers are set out in the Insurance Ordinance. Complaints against authorized insurers If your complaint is against an authorized insurer...

... regular-premium policy to be recommended, or whether the client could afford to set aside a lump sum of liquid assets for the specified term of a single-premium policy. Special attention should be given to clients who are dependent financially on other person or with an unstable income, e.g. dividends/interest of...

... and multiple choice options  in  the suggested FNA  form as set out  in  the Appendix.    Are  Insurers allowed  to  have  certain  degree  of  flexibility  on  the  presentation  of  the  questions  and  the  choice of options as suggested in FNA Form?    A  7. As  a matter  of  principle,  insurers...