Regulatory Alerts2021-10-12
Added · Updated
Explanatory Note on Regulated Activity under the Insurance Ordinance issued by the Insurance Authority
The Insurance Authority issued an Explanatory Note to guide Authorized Institutions on the scope of regulated activity under the Insurance Ordinance. The guidance highlights specific risks for entities providing financial services, particularly regarding insurance advertisements on digital platforms and the implementation of referral schemes. Authorized Institutions are required to refrain from unlicensed regulated activities and establish adequate controls to prevent customers from contravening the Ordinance.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share