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.
CIR
Current
Issue Date:
25 Sep 2019
20190925-3-EN.pdf (50.5 KB)
Topic:
Wealth Management & MPF - Insurance products
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
25 Sep 2019
Enhanced Measures on Selling of Annuity Insurance Products
Annex
Current
25 Sep 2019
Annex 1 - Details of the Enhanced Measures and Clarifications
CIR
Current
25 Sep 2019
Enhanced Measures on Selling of Annuity Insurance Products
Annex
Current
25 Sep 2019
Annex 1 - Details of the Enhanced Measures and Clarifications
Cross referenced Document
Version History
Superseded Document
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