News Regulations04 Jan 2023

Hong Kong:Findings of joint mystery shopping programme on annuity sale practices

| 04 Jan 2023

Intermediaries were generally in compliance with the relevant regulatory requirements when they sold two tax-deductible products, namely Qualifying Deferred Annuity Policies (QDAP) and Mandatory Provident Fund Tax-Deductible Voluntary Contributions (TVC), according to the findings of a mystery shopping programme (MSP).

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