Regulatory Alerts2019-09-25
Added · Updated
Enhanced Measures on Selling of Annuity Insurance Products Annex 2: Requirements on the Annuity Payment Table
The Hong Kong Monetary Authority issued this circular on September 25, 2019, to impose enhanced regulatory measures on the sale of annuity insurance products by authorized institutions. The document specifically details the requirements for the annuity payment table in Annex 2, ensuring transparency and accuracy in product disclosures. These measures aim to protect consumers by standardizing how annuity benefits are presented and calculated during the sales process.