Compliance, Legislative & Regulatory Standards

[Classroom] Overview of the New Regulatory Framework Under Insurance Ordinance


This course provides a high-level overview of the regulatory framework after the Insurance Authority commenced direct regulation over insurance intermediaries as from 23 September 2019.


To give practitioners some highlights of the latest regulatory development of the insurance industry.


1. Functions of the Insurance Authority
- Licensing
- Supervision
- Enforcement
- Consumer Protection

2. New licensing regime under the Insurance Ordinance
- Activities that may trigger licensing regime
- Types of licences

3. Supervisory guidelines
- Guidelines on the Fit and Proper Criteria
- Guidelines in the Continuing Professional Development for Licensed Insurance Intermediaries
- Conduct requirements for intermediaries
I. Code of Conduct for Licensed Insurance Brokers
II. Code of Conduct for Licensed Insurance Agents

4. Enforcement - Guidelines on exercising power to impose pecuniary penalty in respect of regulated persons under the Insurance Ordinance

5. Consumer protection - Complaint handling

Who should attend

Front line or back office function of insurance intermediaries

Speaker/Course Instructor

Ms. Yau was a Senior Compliance Manager of a bank and has extensive experiences in compliance function of various financial institutions. She is experienced in delivering compliance related training. She was awarded the degrees of the Bachelor Degree of Arts in Accountancy and the Master of Laws in Corporate & Financial Law.


Date & Time
Monday, 6 Sep 2021 (6:30PM - 8:30PM)
HKSI Institute Training Centre
Relevant Subject
Regulatory Compliance
Trad. Chi / Cantonese
SFC:2.00, PWMA:2.00, IA:2.00