... the Insurance Ordinance (Cap. 41) (“IO”), the IA has delegated its powers under sections 64ZZF(6) and 64ZZH(1) of the IO to the MA in relation to a business of a regulated activity carried on by an authorized institution (“AI”). This MoU also sets out the mutual understanding between the Parties on...

... the Insurance Ordinance (Cap. 41) (“IO”), the IA has delegated its powers under sections 64ZZF(6) and 64ZZH(1) of the IO to the MA in relation to a business of a regulated activity carried on by an authorized institution (“AI”). This MoU also sets out the mutual understanding between the Parties on...

... Microsoft Word - Circular to authorized insurers_GL on Cybersecurity (v1).doc 28 June 2019 Our Ref: INS/TEC/10/48 By Email only To: Chief Executives of all authorized insurers Dear Sirs, GL20: Guideline on Cybersecurity Pursuant to section 133(1) of the Insurance Ordinance (Chapter 41), GL20...

... 2018/2019 We write to inform you that on 8 January 2022 the Insurance Authority (“IA”) took disciplinary action against 91 licensed individual insurance agents for non-compliance with the Continuing Professional Development (“CPD”) requirements for the assessment period from 1 August 2018 to 31 July...

... carrying on regulated activities will be required to be licensed by IA, unless exempted. • Licensees will have to comply with requirements under IO and codes/rules/regulations/guidelines issued by IA • Target date - mid 2019 3 Phase 3 Commencement of Amendment Ordinance • Intermediaries validly registered...

... carrying on regulated activities will be required to be licensed by IA, unless exempted. • Licensees will have to comply with requirements under IO and codes/rules/regulations/guidelines issued by IA • Target date - mid 2019 3 Phase 3 Commencement of Amendment Ordinance • Intermediaries validly registered...

... carrying on regulated activities will be required to be licensed by IA, unless exempted. • Licensees will have to comply with requirements under IO and codes/rules/regulations/guidelines issued by IA • Target date - mid 2019 3 Phase 3 Commencement of Amendment Ordinance • Intermediaries validly registered...

... internal controls, risk management systems and governance processes of the IA, as well as to address operational risks. To give directions on and oversee the progress of projects pursued by the Internal Audit Section.  To recommend the appointment of...

... Annex 1 Key Observations from the First ORSA Reports The Insurance Authority (“IA”) issued the Guideline on Enterprise Risk Management (“GL21”) which took effect on 1 January 2020. This is the Pillar 2 requirement which is implemented ahead of the statutory capital requirement under the Risk-based...