Regulatory Alerts2014-12-17
Added · Updated
Disclosure of Remuneration Receivable in respect of Sale of Investment-Linked Assurance Scheme Products
The Hong Kong Monetary Authority issued this Circular to establish expected standards for Authorized Institutions implementing the Independent Financial Adviser requirements regarding Investment-Linked Assurance Scheme products. The document mandates that Authorized Institutions clearly disclose the remuneration they receive in respect of the sale of these specific insurance products to ensure transparency. This regulatory guidance aims to align industry practices with the Independent Financial Adviser standards to protect consumer interests in wealth management transactions.
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