What Banks Need to Know About Triggering the Insurance Intermediaries Regime

One month into the new insurance intermediaries regime, the Insurance Authority has published an explanatory note looking at the activities which banks and bank staff carry out which could trigger a licencing requirement under the Insurance Ordinance. The explanatory note has been prepared in consultation with the Hong Kong Monetary Authority, the Hong Kong Association of Banks, the Private Wealth Management Association and the DTC Association, and provides guidance on the licencing requirements and FAQs.

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