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.
CIR
Current
Issue Date:
17 Dec 2014
20141217-1-EN.pdf (90.9 KB)
Topic:
Wealth Management & MPF - Insurance products
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
Annex
Current
17 Dec 2014
Annex - Expected standards of AIs in implementing the IFS requirements
CIR
Current
22 Apr 2013
Selling of investment-linked assurance scheme (ILAS) products
Annex
Current
17 Dec 2014
Annex - Expected standards of AIs in implementing the IFS requirements
CIR
Current
22 Apr 2013
Selling of investment-linked assurance scheme (ILAS) products
Version History
Superseded Document
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