Regulatory Alerts2018-05-25
Added · Updated
Expansion of Types of Life Insurance Products Eligible for Exemption from Financial Needs Analysis
The Hong Kong Monetary Authority issued this Circular on 25 May 2018 to expand the range of life insurance products exempt from Financial Needs Analysis requirements. This regulatory update applies to all Authorized Institutions and modifies the scope of products previously governed by earlier guidelines on selling life and non-linked long-term insurance. The change aims to streamline compliance procedures while ensuring appropriate consumer protection standards are maintained for the newly exempted product categories.
CIR
Current
Issue Date:
25 May 2018
20180525-1-EN.pdf (106.5 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Superseded Document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
04 Aug 2015
Selling of Life Insurance Products
CIR
Current
08 Dec 2014
Selling of Non-Linked Long Term Insurance (“NLTI”) Products
Directly related Document
CIR
Current
04 Aug 2015
Selling of Life Insurance Products
CIR
Current
08 Dec 2014
Selling of Non-Linked Long Term Insurance (“NLTI”) Products
Version History
Superseded Document
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