Regulatory Alerts2026-05-13
Added · Updated
Cross-sector Reference Checking Arrangement Between the Banking and Insurance Sectors
The Hong Kong Monetary Authority issued this circular to establish a cross-sector reference checking arrangement between the banking and insurance sectors. This initiative mandates Authorized Institutions to implement standardized procedures for verifying the employment history and conduct of individuals moving between these regulated industries. The measure aims to enhance integrity and accountability within the financial sector by preventing the hiring of individuals with a history of misconduct.
CIR
Current
Issue Date:
13 May 2026
20260512-4-EN.pdf (192.6 KB)
Topic:
Banking Conduct & Enforcement - Enforcement/Discipline
Group:
All Authorized Institutions
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Superseded Document
Directly related Document
Directly related Document
Cross referenced Document
Version History
Superseded Document
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