Regulatory Alerts2019-09-25
Added · Updated
Enhanced Measures on Selling of Annuity Insurance Products
The Hong Kong Monetary Authority issued this circular to implement enhanced measures for the selling of annuity insurance products by all authorized institutions. The document mandates specific requirements for the annuity payment table and provides detailed clarifications to ensure appropriate product suitability. These regulations supersede previous guidelines to strengthen consumer protection in the wealth management sector.
CIR
Current
Issue Date:
25 Sep 2019
20190925-1-EN.pdf (95.3 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Superseded Document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
25 Sep 2019
Annex 1 - Details of the Enhanced Measures and Clarifications
Annex
Current
25 Sep 2019
Annex 2 - Requirements on the Annuity Payment Table
CIR
Current
06 Jun 2018
Selling of Annuity Insurance Products
Annex
Current
25 Sep 2019
Annex 1 - Details of the Enhanced Measures and Clarifications
Annex
Current
25 Sep 2019
Annex 2 - Requirements on the Annuity Payment Table
CIR
Current
06 Jun 2018
Selling of Annuity Insurance Products
Version History
Superseded Document
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