Insurance commissioner hong kong
NettetThe Insurance Authority (“IA”) is an insurance regulator independent of the Government and the insurance industry. The principal function of the IA is to regulate and supervise … Nettet2 dager siden · Most Read 1. Central bank begins financial sector cloud resilience forum 2. Digital wallets on track to be Singapore’s top online payment method by 2026 3. Singapore ready to provide liquidity to keep financial system stable: MAS 4. Filipinos spent over 4 million hours using e-wallets in 2024: study 5. OCBC NISP allocates $87.5m of 2024 …
Insurance commissioner hong kong
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NettetThe Hong Kong Monetary Authority (HKMA) is the banking regulator overseeing institutions such as banks and deposit-taking companies. The Securities and Futures Commission (SFC) is the regulator regulating securities intermediaries such as brokers, investment advisers and fund managers in the securities and futures sectors. Nettet14. apr. 2024 · The CFRA defines “covered entities” the same as the CCDAA, except that it expressly exempts insurers, likely because on April 8, 2024, the National Association of Insurance Commissioners, which includes California’s Insurance Commissioner, adopted a new standard requiring insurers to report climate-related risks in line with …
Nettet14. apr. 2024 · In this episode of our “Corporate Finance Updates” video series, our Senior Associate Chris Wong briefly talks about the incoming licensing regime for virtual asset trading platforms (VATPs) that will come into operation on 1 June 2024 and the regulatory proposals in relation to stablecoins. NettetThe Hong Kong government recently introduced and implemented a group-wide insurance supervisory regime, which took effect on 29 March 2024. The new regime …
Nettet(a) “based in Hong Kong”, in relation to an authorized insurer, means that the insurer is incorporated outside Hong Kong with 75% or more of its annual gross premium income for general business pertaining to Hong Kong insurance business; or 75% or more of its annual gross revenue premium income for long term business Nettet20. jul. 2024 · The Government announced today (July 20) the appointment of Mr Chiu Man-chung, Terence, as the Commissioner of the Hong Kong Export Credit Insurance Corporation (ECIC) with effect from July 26, 2024. Mr Chiu was formerly the Head of Commercial Banking, Hong Kong, the Hongkong and Shanghai Banking Corporation …
Nettet20 timer siden · The next phase of the regime to supervise intermediaries is coming!
NettetHong Kong Tax & Legal ... Issue 134 Hong Kong Tax Newsflash Tax concession for insurance-related businesses will come into operation in March 2024 Further to the … ra 11449Nettet23. mai 2024 · Additionally, on 5 May, the Hong Kong Government announced the appointment of the IA’s senior executive team. Mr John Leung Chi-yan has been … donovan\u0027s mobile home parkNettetHONG KONG TAX ALERT 1 HONG KONG TAX ALERT. April 2024 Issue 4. Hong Kong extends profits tax concession for certain insurance businesses. Summary. The enhanced tax concession came into effect on 19 March 2024, providing a concessionary tax rate of 8.25% on income for certain insurance-related businesses conducting … ra 11462NettetThe tax concession. Previously, Hong Kong had a concessionary tax regime whereby a profits tax rate of 8.25% (being half of the current profits tax rate of 16.5%) was available to authorized captive insurance business and reinsurance business of professional reinsurers in Hong Kong. Effective from 19 March 2024, the new rules extend the ... ra 11425Nettet191 rader · ACE Insurance Limited: Hong Kong: General AIG United Guaranty Insurance (Asia) Limited: Hong Kong: General Alliance Insurance Services: Hong Kong: Long … ra 11459NettetThe Hong Kong Export Credit Insurance Corporation was established in 1966 under the Hong Kong Export Credit Insurance Corporation Ordinance (Chapter 1115). It was created by statute with the aim of encouraging and supporting export trade by providing Hong Kong exporters with insurance protection against non-payment risks arising … donovan\u0027s mhpNettet26. aug. 2024 · John Spence is a strategic advisor for insurers and insurance related firms operating in Asia. As a seasoned executive, … donovan\\u0027s norwalk