News Regulations22 Jul 2019

Hong Kong:Regulator delegates powers ahead of new statutory regime

Seeking to improve efficiency and to minimise possible regulatory overlap, the Insurance Authority (IA) has decided to delegate its inspection and investigation powers pertaining insurance-related businesses of authorised institutions (AIs) to the Monetary Authority (MA). This will take effect on 23 September 2019 when the new statutory regime for insurance intermediaries comes into operation.

Archived articles are available to Magazine subscribers only.

If you are already a subscriber

OR sign-up for a trial access here

For Full Access to the magazine SUBSCRIBE here.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

Error : Object reference not set to an instance of an object.

Recent Comments
Other News

Follow Asia Insurance Review