Regulatory Alerts2019-09-20
Added · Updated
Commencement of New Licensing and Regulatory Regime for Insurance Intermediaries under the Insurance Ordinance
The Hong Kong Monetary Authority issued this circular to inform authorized institutions that the new licensing and regulatory regime for insurance intermediaries under the Insurance Ordinance commenced on 23 September 2019. The Insurance Authority has promulgated various rules, codes, and guidelines to implement this regime, which are detailed in the document's annex. Authorized institutions licensed as insurance intermediaries are reminded to comply with all applicable statutory and regulatory requirements from both the Insurance Authority and the HKMA.