... Non-Compliance League Table”1 to promote better compliance. In our Practice section, we detail how insurers and other principals have responded to this by seeking to improve the CPD compliance rate across their appointed insurance intermediaries. Twelve months on, the highlights are as follows...

... latest FATF standards and methodology, including: (1) Implementation of a money laundering risk assessment mechanism (2) Public consultation on establishing a reporting system on the physical cross-boundary transportation of cash (“R32 System”) (3) Identification of gaps between existing legislation...

... Ordinance introduces the following new provisions, among others, which are likely to be relevant to you: (1) New section 8A prohibits, except under the authority of a licence granted by the Secretary for Security, dealing, directly or indirectly, with any property knowing that, or being reckless as to...

... Microsoft Word - Appendix 1 Draft Guideline on Sale of Investment-Linked Assurance Scheme (â•œILASâ•š) Products .DOCX GL26 GUIDELINE ON SALE OF INVESTMENT-LINKED ASSURANCE SCHEME (“ILAS”) PRODUCTS Insurance Authority Contents Page 1. Introduction………………………………………………. 1 2. Scope and Interpretation...

... Microsoft Word - Appendix 1 Draft Guideline on Sale of Investment-Linked Assurance Scheme (â•œILASâ•š) Products .DOCX GL26 GUIDELINE ON SALE OF INVESTMENT-LINKED ASSURANCE SCHEME (“ILAS”) PRODUCTS Insurance Authority Contents Page 1. Introduction………………………………………………. 1 2. Scope and Interpretation...

... Microsoft Word - Appendix 1 Draft Guideline on Sale of Investment-Linked Assurance Scheme (â•œILASâ•š) Products .DOCX GL26 GUIDELINE ON SALE OF INVESTMENT-LINKED ASSURANCE SCHEME (“ILAS”) PRODUCTS Insurance Authority Contents Page 1. Introduction………………………………………………. 1 2. Scope and Interpretation...

... 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...

... Microsoft Word - Appendix 1 Draft Guideline on Sale of Investment-Linked Assurance Scheme (â•œILASâ•š) Products .DOCX GL26 GUIDELINE ON SALE OF INVESTMENT-LINKED ASSURANCE SCHEME (“ILAS”) PRODUCTS Insurance Authority Contents Page 1. Introduction………………………………………………. 1 2. Scope and Interpretation...

... Guideline on Enterprise Risk Management GL21 GUIDELINE ON ENTERPRISE RISK MANAGEMENT Insurance Authority Table of Contents Page 1. Introduction 1 2. Application 3 3. Overview of Enterprise Risk Management (ERM) Framework and General Requirements 4 4. Governance 7 5. Risk Appetite Statement 12 6....

... Guideline on Enterprise Risk Management GL21 GUIDELINE ON ENTERPRISE RISK MANAGEMENT Insurance Authority Table of Contents Page 1. Introduction 1 2. Application 3 3. Overview of Enterprise Risk Management (ERM) Framework and General Requirements 4 4. Governance 7 5. Risk Appetite Statement 12 6....