Tag Archives: Hong Kong

AML/CFT COMPLIANCE A KEY FOCUS OF RECENT SUPERVISORY INSPECTIONS BY THE HONG KONG INSURANCE AUTHORITY

Late last week, the Hong Kong Insurance Authority (IA) published a circular setting out its key findings from anti-money laundering and counter-financing of terrorism (AML/CFT) onsite inspections of authorised insurers carrying on long term business. The IA conducted visits of … Continue reading

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New Insurance Authority in Hong Kong begins regulation of insurers with enhanced powers

With effect from 26 June 2017, Hong Kong’s independent Insurance Authority (“IA”) assumed its regulatory responsibilities and replaced the Office of the Commissioner of Insurance (“OCI”) in regulating insurers. The IA will be a much more powerful regulator than its predecessor, with … Continue reading

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Herbert Smith Freehills publishes new guide to the Independent Insurance Authority in Hong Kong

Hong Kong is about to establish a unified insurance regulatory regime under the auspices of a new body, to be named the ‘Insurance Authority’. The creation and set up of an independent insurance authority is regarded by the Hong Kong … Continue reading

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Filed under Insurers, Legal/Regulatory