... have been further refined after careful consideration of the feedback received. The two codes will take effect immediately upon commencement of the new statutory regulatory regime for insurance intermediaries on 23 September 2019. In order to allow sufficient time for transition, the IA will...

... minimum standard for cybersecurity that authorized insurers are expected to have in place and the general guiding principles which the IA uses in assessing the effectiveness of an insurer’s cybersecurity framework. GL20 shall take effect on 1 January 2020. Should you have any questions, please contact...

... pecuniary penalty on regulated persons and the amount of the penalty. GL22 will come into effect immediately upon the implementation of the new statutory regulatory regime for insurance intermediaries on 23 September 2019. Should you have any enquiries, please contact Ms. Pearl Tie at 3899 9787 or Mr....

... activities (Telemarketing), the Mandatory Provident Fund Schemes Authority (“MPFA”) has issued the Guidance Note on Conducting Sales by Unsolicited Calls (“Guidance Note”), which has taken effect on 1 September 2023. The Guidance Note aims at setting out the requirements and...

... taken effect from 1 June 2020, the Mainland Government has committed: "On the basis of regulatory equivalence, to apply more relaxed requirements of credit risk for Mainland insurance companies ceding reinsurance businesses to qualified Hong Kong insurers and continue to consider taking...

... We are writing to inform you that the revised Guideline on Anti-Money Laundering and Counter-Terrorist Financing (“GL3”) has been published in the Gazette (G.N. 7778 of 2018) today. The revised GL3 will come into effect on 1 November 2018. A copy of the revised GL3 is attached at Appendix A (English...

... treatment of customers is applied across all aspects of medical insurance business, licensed insurance brokers are expected to meet the minimum standards prescribed in GL31. GL31 shall take effect from 23 September 2020. Should you have any queries in relation to the above, please contact Ms Lily Chan at...

... which authorized insurers and licensed insurance intermediaries are expected to meet in order to ensure fair treatment of customers is applied across all aspects of medical insurance business. GL31 shall take effect from 23 September 2020. Should you have any queries in relation to the above, please...

... the Government. In the long run, the IA has to be financially independent of the Government and recover its operating costs. The Insurance Ordinance provides for the IA to collect an annual authorisation fee from insurance companies and user fees for specific services with effect from 26 June 2017....

... the Government. In the long run, the IA has to be financially independent of the Government and recover its operating costs. The Insurance Ordinance provides for the IA to collect an annual authorisation fee from insurance companies and user fees for specific services with effect from 26 June 2017....