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 enhance regulatory requirements for Authorized Institutions selling Investment-Linked Assurance Scheme products due to their associated risks and long tenors. The document formalizes existing industry practices into mandatory control measures to ensure consistent application and improved investor protection. Authorized Institutions are expected to comply with these measures as soon as practicable, with a maximum six-month deadline for system-related changes.