Regulatory Alerts2011-03-14
Added · Updated
Enhanced Regulatory Requirements on Selling of Investment-Linked Assurance Scheme Products
The Hong Kong Monetary Authority issued this Circular to impose enhanced regulatory requirements on the selling of Investment-Linked Assurance Scheme products by all Authorized Institutions. The document mandates specific control measures and practices that institutions must follow to ensure appropriate sales conduct and client protection. These regulations aim to standardize the distribution process and mitigate risks associated with complex insurance-linked investment products.