Events listed in Insurance Ordinance
Circular Issued by the Insurance Authority („IA“) on Cessation of Phase ...
ID 22676
On April 4, 2023, the Hong Kong Monetary Authority HKMA issued a circular as regards the „Cessation of Phase 2 of the Temporary Facilitative Measures (TFM)“. Specifically, the HKMA informs authorized institutions and insurance companies about the cessation of specific measures that were introduced in 2020 in light of the COVID-19 pandemic. The measures provided for a non-face-to-face distribution of certain long-term insurance products ...
Further Guidance Concerning Findings of Mystery Shopping Programme on Selling ...
ID 21716
Following the publications of the findings from a recent mystery shopping program in connection with intermediaries engaged in the sale of Qualifying Deferred Annuity Policies (QDAPs) and Tax-Deductible Voluntary Contributions (TVCs) in December 2022 (please see EventID 19133 in this context for more information), the Mandatory Provident Fund Schemes Authority (MPFA) has now published a follow-up circular in this context. Therein, the MPFA provides ...