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 require all Authorized Institutions to disclose remuneration receivable in respect of the sale of Investment-Linked Assurance Scheme products. The regulation aims to enhance transparency regarding incentives paid to staff involved in selling these specific insurance-linked investment products. Institutions must adhere to the expected standards outlined in the annex to ensure proper implementation of the Information Disclosure Framework requirements.
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