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Circulars on Regulatory Matters


2021


Date Subject
30 December 2021 Study Notes for Insurance Intermediaries Qualifying Examination (“IIQE”)
29 December 2021 E-CPD courses on ethical business practices for licensed insurance intermediaries provided by the Insurance Authority (“IA”), worth 3 CPD hours

Attachment: Annex - e-CPD Courses Organized by the Insurance Authority
29 December 2021 Mystery Shopping Programme on Selling Practices in respect of Qualifying Deferred Annuity Policies and Tax-deductible Voluntary Contributions in Hong Kong
28 December 2021 Early Adoption of Risk-based Capital Regime for Long Term Business
28 December 2021 Note on the Green Light Process for Assessment of Investment-Linked Assurance Scheme (“ILAS”) Products against Standards in Guideline on Underwriting Class C Business (GL15) and the consequential updates to the Interpretation Notes for the Guideline on Sale of Investment-Linked Assurance Scheme (“ILAS”) Products (“GL26 Interpretation Notes”)

Attachment: Note on the Green Light Process for Assessment of Investment-Linked Assurance Scheme (“ILAS”) Products against Standards in Guideline on Underwriting Class C Business (GL15)
Attachment: GL26 Interpretation Notes - Supplementary Q&A
Attachment: GL26 Interpretation Notes - Appendix 1
Attachment: GL26 Interpretation Notes - Appendix 2
24 December 2021 Prescribed Scenarios for Long Term Insurance Business in relation to GL21
Attachment: Prescribed Scenarios for the stress and scenario testing to be used by authorized insurers carrying on long term insurance business for the purpose of Own Risk Solvency Assessment Report (Effective from 24 December 2021)
10 December 2021 CPD Penalty Framework and CPD Compliance Reporting
Merged CPD assessment period - 23 September 2019 to 31 July 2021


中文譯本: 
關於不遵守持續專業培訓規定的罰則框架及持續專業培訓合規情況匯報
合併持續專業培訓評核期 – 2019年9月23日至2021年7月31日


 
23 November 2021 Insurance (Financial and Other Requirements for Licensed Insurance Broker Companies) Rules (Cap. 41L) Savings and Transitional Arrangements
28 October 2021 COVID-19 Vaccination Programme
12 October 2021 Explanatory Note on “Regulated Activity” under the Insurance Ordinance (Cap. 41)
 
Attachment: Explanatory Note on “Regulated Activity” under the Insurance Ordinance (Cap. 41)
6 October 2021 Note on the Treatment of “Closely Linked” Entities that are Members of the Supervised Groups under the Group-wide Supervision Regime

Attachment: Note on the Treatment of “Closely Linked” Entities
30 September 2021 Joint Inspection on the Use of Premium Financing to Take Out Long Term Insurance Policies in Hong Kong

Attachment: Annex - Key Findings of the Joint Inspection on the Use of Premium Financing to Take Out Long Term Insurance Policies in Hong Kong
30 September 2021 Employees' Compensation Insurance (Direct Business) Statistics for 2020
Motor Vehicle Insurance (Direct Business) Statistics for 2020

Attachment: EC Statistics 2020
Attachment: MV Statistics 2020
17 September 2021 Frequently Asked Questions on the Penalty Framework for Non-compliance with Continuing Professional Development ("CPD") Requirements ("CPD Penalty Framework")

中文譯本: 有關不遵守持續專業培訓規定的罰則框架(「持續專業培訓罰則框架」)的常見問題
 
13 September 2021 Extension of Phase 2 of the temporary facilitative measures to tackle the outbreak of COVID-19
9 September 2021 Launch of Cybersec Infohub Private Group for Insurance Sector
31 August 2021 Class C (Linked Long Term) Product with Open Architecture (“OA ILAS Products”)

Attachment: New Q&As to Interpretation Notes
2 August 2021 Interpretation Notes relating to the Guideline on Continuing Professional Development for Licensed Insurance Intermediaries (GL24)
Attachment: Interpretation Notes (GL24)

通函的中文譯本
附件: 釋義文件(指引24)的中文譯本
 
23 July 2021 Penalty Framework for Non-compliance with Continuing Professional Development Requirements

通函的中文譯本
7 July 2021 Continuing Professional Development (“CPD”) Compliance Reporting for Combined Assessment Periods 2019/20 and 2020/21 – Detailed instructions for reporting by principals to the Insurance Authority
1 June 2021 COVID-19 Vaccination Programme
27 May 2021 Extension of Phase 2 of the temporary facilitative measures to tackle the outbreak of COVID-19
17 May 2021 GL32: Guideline on Group Supervision

Attachment: GL32
17 May 2021 "Conduct in Focus" - second issue
1 April 2021 Continuing Professional Development (“CPD”) Requirements – CPD Compliance Reporting Procedures for Assessment Periods 2019/20 and 2020/21

通函的中文譯本
24 February 2021 Extension of Phase 2 of the temporary facilitative measures to tackle the outbreak of COVID-19
11 January 2021 Prescribed Scenarios for Long Term Insurance Business in relation to GL21
Attachment: Prescribed Scenarios for the stress and scenario testing to be used by authorized insurers carrying on long term insurance business for the purpose of Own Risk Solvency Assessment Report
8 January 2021 Applications for New Licences by Deemed Licensees

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