... 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 reduction of compulsory quarantine period for inbound travelers from 21 days to 14 days in designated quarantine hotels, to be followed by a seven-day self-monitoring period, with effect from 4 February 2012 is a good case in point. Furthermore, he highlighted the need to step up readiness for the...

... Counter- Terrorist Financing We are writing to inform you that a new set of frequently asked questions (“FAQs”) in relation to anti-money laundering and counter-terrorist financing (“AML/CFT”) is published by Insurance Authority today. The FAQs published in March 2012 are superseded with immediate effect...

... necessary to make it enforceable. The FATF has therefore called on its members to apply counter-measures to Myanmar with immediate effect. Such counter-measures, as applicable in the Hong Kong context, are detailed in paragraphs 6 to 10 of the jurisdiction-specific advisory which is attached at...

... groups on a wide range of areas including enterprise risk management, corporate governance, capital requirements and public disclosure. The GL32 came into effect on 14 May 2021. The IA recognizes that a DIHC, following its designation, may require time to update its controls, systems and processes to...

... groups on a wide range of areas including enterprise risk management, corporate governance, capital requirements and public disclosure. The GL32 came into effect on 14 May 2021. The IA recognizes that a DIHC, following its designation, may require time to update its controls, systems and processes to...

... regulations”), and the acceptance of e-learning courses for this purpose. In order to facilitate implementation, certain exemptions and transitional arrangements are provided for existing practitioners. The two guidelines will take effect immediately upon commencement of the new statutory regulatory...