Regulatory Alerts2014-12-08
Added · Updated
Practices Expected of Authorized Institutions in Selling Non-Linked Long Term Insurance Products
The Hong Kong Monetary Authority issued this circular to outline the practices expected of Authorized Institutions when selling Non-Linked Long Term Insurance products. The document establishes regulatory standards to ensure that institutions adhere to appropriate conduct and operational procedures during the sales process. It serves as a guideline for maintaining market integrity and protecting consumers in the wealth management sector.