HKMA SPM
Regulated activities and financial crime (SB, TB, IB, AML) – HKMA SPM

HKMA SPM IB-1: IB-1 Supervision of Insurance Intermediary Business of Authorized Institutions

Describes the HKMA's supervision of AIs' insurance intermediary business under the Insurance Ordinance: licensing with the Insurance Authority and cooperation between the HKMA and the IA, the supervisory and enforcement approaches, the legal requirements, the major regulatory requirements (corporate governance and internal controls, the fit and proper guideline, sufficiency of authority of responsible officers, the codes of conduct for licensed insurance agents and brokers, continuing professional development, other IA requirements, the HKMA's own requirements including product due diligence and suitability), reporting and disciplinary actions. Classification: a statutory guideline issued by the Monetary Authority under the Banking Ordinance §7(3); version V.2, 21.11.25; applies to AIs that are licensed insurance intermediaries.

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