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.

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