Revised Supervisory Policy Manual Module IB-1 on Supervision of Insurance Intermediary Business of Authorized Institutions

55th Floor, Two International Finance Centre, 香 港 中 環 金 融 街 8 號 國 際 金 融 中 心 2 期 55 樓 8 Finance Street, Central, Hong Kong 網 址：www.hkma.gov.hk Website: www.hkma.gov.hk Our Ref: B1/15C B1/21C C2/5C 21 November 2025 The Chief Executive All Authorized Institutions Dear Sir / Madam, Revised Supervisory Policy Manual (SPM) Module IB-1 on “Supervision of Insurance Intermediary Business of Authorized Institutions” I am writing to inform you that, following consultation with the banking industry, the Monetary Authority issues by notice in the Gazette today a revised version of the SPM module IB-1 as a statutory guideline under section 7(3) of the Banking Ordinance. The revisions mainly aim to (i) reflect the latest regulatory requirements and guidance issued by the Hong Kong Monetary Authority (“HKMA”) and the Insurance Authority; and (ii) reiterate the regulatory expectations relating to corporate governance and internal controls, including the responsibilities of responsible officers and senior management. The revised SPM module IB-1 will take effect today. It is accessible through the HKMA’s public website (https://brdr.hkma.gov.hk/eng/spm) and the Supervisory Communication Website (https://brdr.stet.iclnet.hk/eng/spm).

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  Should you have any questions regarding the revised SPM module, please contact Mr Banny Yu at 2878-8272 or Ms Tiffany Ng at 2597-0663. Yours faithfully, Alan Au Executive Director (Banking Conduct) Encl. c.c. The Chairperson, The Hong Kong Association of Banks The Chairperson, The DTC Association Secretary for Financial Services and the Treasury (Attn: Mr Timothy Wong) Insurance Authority (Attn: Mr Marty Lui, Mr Alan Wu)