Hong Kong’s IA publishes broker registrySeptember 23 2019 by Andrew Tjaardstra
As part of the new regulatory regime for broker intermediaries the Insurance Authority has published a register for brokers, agents and technical representatives.
The register is maintained by the Insurance Authority to provide information on a licensed insurance intermediary or a responsible officer in matters of or connected with any regulated activity; or to ascertain the particulars of the licensing of a person as a licensed intermediary or the particulars of the approval of an individual as a responsible officer.
The regulator said that although the register is updated every working day, it may not contain the most up-to-date information as there is a time lag in processing and updating the information.
The Insurance Authority said that in order to allow sufficient time for transition, the regulator will adopt a flexible approach in considering intermediaries’ compliance with the codes and expect licensees to fully comply with the codes from January 1 2020 onwards.
For more on the move to regulation from the Insurance Authority see here.
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