Regulatory Alerts2003-12-16
Added · Updated
Insurance-Related Activities of Authorized Institutions
The Hong Kong Monetary Authority issued this circular to finalize the reporting requirements for insurance-related activities of authorized institutions following industry consultation. The revised return mandates half-yearly reporting on insurance agents and brokers, with the first submission covering the period from 1 July to 31 December 2003 due by 21 January 2004. To prevent data duplication, parent authorized institutions are exempt from reporting statistics for subsidiaries that are also authorized institutions, and initial submissions must be made via hard copy.
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