Regulatory Alerts2019-10-22
Added · Updated
Explanatory Note on Licensing Requirements for Banking Sector under Regulatory Regime for Insurance Intermediaries
The Insurance Authority issued this explanatory note to clarify licensing requirements for authorized institutions operating in the banking sector under the regulatory regime for insurance intermediaries. The document specifically addresses the sale of insurance products, including medical, life, and annuity insurance, by wealth management and MPF entities. It serves as a cross-referenced guide to ensure compliance with current circulars regarding the sale of these financial products.