Regulatory Alerts2022-12-23
Added · Updated
Findings of Mystery Shopping Programme on Selling Practices in respect of Qualifying Deferred Annuity Policies and Tax-deductible Voluntary Contributions in Hong Kong
The Hong Kong Monetary Authority issued this circular to report the findings of a mystery shopping programme evaluating selling practices for Qualifying Deferred Annuity Policies and Tax-deductible Voluntary Contributions. The review targeted all authorized institutions to assess compliance with regulatory standards and consumer protection requirements in the wealth management sector. The document serves as a reference for institutions to identify areas for improvement in their sales conduct and product disclosure processes.
CIR
Current
Issue Date:
23 Dec 2022
20221223-3-EN.pdf (306.0 KB)
Topic:
Banking Conduct & Enforcement - Consumer Protection
Miscellaneous - SFC/IA/MPFA
Wealth Management & MPF - Insurance products
Wealth Management & MPF - MPF products
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
29 Dec 2021
Mystery Shopping Programme on Selling Practices in respect of Qualifying Deferred Annuity Policies and Tax-deductible Voluntary Contributions in Hong Kong
Directly related Document
CIR
Current
29 Dec 2021
Mystery Shopping Programme on Selling Practices in respect of Qualifying Deferred Annuity Policies and Tax-deductible Voluntary Contributions in Hong Kong
Version History
Superseded Document
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