... formulated by the Board. A n n u a l R e p o r t 2 0 1 8 - 1 9 9 Corporate Governance 2 514 10 8 11 7 6 3 4 13 12 1 9 5 Ms Chitty Cheung Fung-ting Non-Executive Director 6 Mr Kenneth Kwok Tsun-wa Non-Executive Director 7 Mr Ma Ho-fai, GBS, JP Non-Executive Director 8 Mr James Wong Chien-kuo Non-Executive...

... formulated by the Board. A n n u a l R e p o r t 2 0 1 8 - 1 9 9 Corporate Governance 2 514 10 8 11 7 6 3 4 13 12 1 9 5 Ms Chitty Cheung Fung-ting Non-Executive Director 6 Mr Kenneth Kwok Tsun-wa Non-Executive Director 7 Mr Ma Ho-fai, GBS, JP Non-Executive Director 8 Mr James Wong Chien-kuo Non-Executive...

... formulated by the Board. A n n u a l R e p o r t 2 0 1 8 - 1 9 9 Corporate Governance 2 514 10 8 11 7 6 3 4 13 12 1 9 5 Ms Chitty Cheung Fung-ting Non-Executive Director 6 Mr Kenneth Kwok Tsun-wa Non-Executive Director 7 Mr Ma Ho-fai, GBS, JP Non-Executive Director 8 Mr James Wong Chien-kuo Non-Executive...

... model an effective response to an evolving risk (through some actions) if it can be demonstrated that: 3 (i) appropriate decision making authority resides within the insurer; (ii) relevant controls and monitoring mechanisms are in place that would alert the insurer to an emerging situation in a timely...

... functions as a regulator of the insurance industry, including: (i) to process any application(s) you may make to or received by the IA under the Ordinance; (ii) to assess your fitness and properness in relation to any of your application(s) for licensing or approval (as the case may be) under the Ordinance...

... functions as a regulator of the insurance industry, including: (i) to process any application(s) you may make to or received by the IA under the Ordinance; (ii) to assess your fitness and properness in relation to any of your application(s) for licensing or approval (as the case may be) under the Ordinance...

... when the decision is to take effect; and (c) the sanction (whichever of the following is applicable): i. the duration and terms of any revocation, suspension or prohibition to be imposed under the decision; ii. the terms of any reprimand under the decision; and iii. the amount of any pecuniary penalty...

... when the decision is to take effect; and (c) the sanction (whichever of the following is applicable): i. the duration and terms of any revocation, suspension or prohibition to be imposed under the decision; ii. the terms of any reprimand under the decision; and iii. the amount of any pecuniary penalty...

... Purpose The purpose of these updated requirements (“Requirements”) is summarised below: i. To ensure that the suitability assessment of prospective ILAS customers has been carried out before recommendation of an ILAS product; ii. To ensure that the product features, charges and fees, the product and...

... 保險業監管局 Insurance Authority 2019–20 ANNUAL REPORT Insurance Authority 19/F, 41 Heung Yip Road, Wong Chuk Hang, Hong Kong Tel: (852) 3899 9983 Fax: (852) 3899 9993 Website: www.ia.org.hk Leading Change and Propelling Growth conTenTs 2 Chairman’s message 4 CeO’s message The Year Under review 6 FinanCi...