Working Group on Transition

Please note that the codes and guidelines contained in this page are based on the most recent documents provided by the Self-regulatory Organisations (SROs). The SROs have the right to update their codes and guidelines from time to time and the version contained in the page may not reflect the latest updates. You are advised to check with the respective SROs for any latest changes to the codes and guidelines.

Codes and Guidelines Issued by Self-Regulatory Organisations
(as at 29 February 2016)

 

  • Insurance Authority
Requirements Version Effective Date Chinese Version
(Y/N)		 In-force
(Y/N)
Minimum Requirements specified under section 69(2) and section 70(2)
根據第69(2)條及70(2)條指明的最低限度規定		 1 30 June 1995 N N
2 1 January 2000 Y N
3 1 January 2002 Y N
4 1 October 2002 Y N
5 1 July 2003 Y N
6 1 January 2005 Y N
Minimum Requirements for Insurance Brokers
保險經紀的最低限度規定		 7 1 January 2006 Y N
8 1 May 2006 Y N
9 1 October 2008 Y N
10 1 March 2010 Y Y

 

  • The Hong Kong Federation of Insurers
Codes and Guidelines Version Issue Date Chinese Version
(Y/N)		 In-force
(Y/N)
Code of Practice for the Administration of Insurance Agents – Handbook for Agents
保險代理管理守則 – 保險代理手冊		 1 1 January 1993 Y N
Code of Practice for the Administration of Insurance Agents (First Edition)
保險代理管理守則 (初版)		 1 1 January 1993 Y N
Code of Practice for the Administration of Insurance Agents (Second Edition)
保險代理管理守則 (第2版)		 2 1 June 1995 Y N
The Code of Practice for the Administration of Insurance Agents (Third Edition)
保險代理管理守則 (第3版)		 3 1 January 1998 Y N
The Code of Practice for the Administration of Insurance Agents (Fourth Edition)
保險代理管理守則 (第4版)		 4 1 January 2000 Y N
The Code of Practice for the Administration of Insurance Agents (Fifth Edition)
保險代理管理守則 (第5版)		 5 1 January 2002 Y N
The Code of Practice for the Administration of Insurance Agents (Sixth Edition)
保險代理管理守則 (第6版)		 6 1 June 2004 Y N
The Code of Practice for the Administration of Insurance Agents (Seventh Edition)
保險代理管理守則 (第7版)		 7 1 March 2010 Y Y
Code of Practice for Life Insurance Replacement
壽險轉保守則		 1 1 December 1994 Y N
2 1 October 2002 Y N
3 1 January 2005 Y N
4 1 May 2006 Y N
5 1 October 2008 Y N
6 1 February 2010 Y Y
Cooling-off Period Initiative 1 1 July 1996 N N
Cooling-off Period
冷靜期		 2 1 January 2003 Y N
3 1 February 2010 Y Y
Initiative on Needs Analysis
客戶所需保險分析





 1 June 2001 (Effective Date: 1 January 2002) Y N
2 1 May 2006 Y N
3 1 February 2007 Y Y
Initiative on Financial Needs Analysis 4 14 July 2015
(Effective Date: 1 January 2016)		 N Y
Frequently Asked Questions on Initiative on Financial Needs Analysis 1 13 November 2015
(Effective Date: 1 January 2016)		 N N
2 29 January 2016 N Y
New Requirements Relating to the Sale of ILAS Products 1 September 2009
(Effective Date: 16 October 2009 for FNA, RPQ, AD, Suitability Check; 31 December 2009 for post-sale controls)		 N N
Updated Requirements Relating to the Sale of ILAS Products following the Introduction of the SFC Handbook for Unit Trusts and Mutual Funds, Investment-Linked Assurance Schemes and Unlisted Structured Investment Products (“SFC Handbook”) 2 January 2011
(Effective Date: 24 June 2011)		 N N
Updated Requirements Relating to the Sale of Investment Linked Assurance Scheme (“ILAS”) to Enhance Customer Protection
投資相連壽險計劃 －加強保障客戶權益的最新規定		 3 22 April 2013
(Effective Date: 30 June 2013)		 N N
4 8 December 2014
(Effective Date: 1 January 2015 except FNA; 1 March 2015 for FNA)		 N Y
5 14 July 2015
(Effective Date: 1 January 2016)		 N Y
Questions you need to ask before taking out an ILAS product
購買投資相連壽險問多點知多點		 1 February 2011 Y Y N
2 14 October 2011 Y N
3 June 2013 Y Y
Code of Practice on Person-to-Person Marketing Calls 1 1 April 2011 N Y
Guidance Note on Gifts 1 9 May 2011 N Y
Guidance Note on Gifts, Promotions and Incentives for Class A and Class C Products 1 January 2012
(Effective Date: 1 January 2012)		 N N
2 1 January 2014 N Y

 

  • Insurance Agents Registration Board
Codes and Guidelines Version Issue Date Chinese Version
(Y/N)		 In-force
(Y/N)
GN1 Guidelines on the Definition of “Insurance Agent” under the Insurance Companies Ordinance (Cap.41) (“the Ordinance”) 1 9 August 1995 N N
GN2 Guidelines on the Transitional Arrangement 1 24 August 1995 N N
GN3 Guidelines on the Training Course of Insurance Agents 1 1 May 1996 N N
GN4 Guidelines on Misconduct
指引4 違規行為指引		 1 August 1998
(Effective Date: 1 September 1998)		 N N
2 17 May 1999 N N
3 1 January 2000 Y N
4 1 June 2004 Y Y
GN5 Guidelines on Handling of Premiums
指引5 代理人應如何處理客戶保費指引		 1 1 June 1999 N N
2 1 November 1999 Y N
3 1 January 2000 Y N
4 1 June 2004 Y Y
GN6 Guidelines on the Effective Date of Registration of Insurance Agents, Responsible Officers and Technical Representatives
指引6 保險代理、負責人及業務代表的登記生效日期指引		 1 1 August 2000 Y N
2 1 June 2004 Y Y
GN7 Guidance Note on Compliance with the Requirements of the Continuing Professional Development (CPD) Programme
指引7 符合持續專業培訓計劃要求指引		 1 30 November 2004 Y N
2 13 June 2005 Y N
3 1 March 2010 Y Y
GN8 Guidance Note on Compliance with the Requirements of the Continuing Professional Development (CPD) Programme for the Transitional Period
指引8 適用於過渡期之符合持續專業培訓計劃要求指引		 1 30 November 2004 Y N
2 13 June 2005 Y N
GN9 Guidance Note on Restricted Scope Travel Business
指引9 受限制的旅遊保險業務指引		 1 25 January 2008 Y N
2 1 March 2010 Y Y
GN10 Guidance Note on Compliance with the Requirements of the Continuing Professional Development (CPD) Programme for Registered Persons who are Registered as Engaging in Restricted Scope Travel Business (RSTB) only
指引10 符合持續專業培訓計劃要求指引 – 適用於只登記從事受限制的旅遊保險業務的登記人士		 1 16 June 2009 Y Y
GN11 Guidance Note Applicable to Registered Persons Wishing to Engage/Continue to Engage in Investment-linked Long Term (ILLT) Insurance Business on or after 1 March 2010
指引11 適用於在2010年3月1日或以後欲從事/繼續從事投資相連長期保險(投資相連)業務的登記人士的指引		 1 1 March 2010 Y N
Guidelines on Disciplinary Actions
紀律行動指引		 1 24 February 2010 Y N
2 2 June 2015
(Effective Date: 1 July 2015)		 Y Y

 

  • The Hong Kong Confederation of Insurance Brokers
Memorandum & Articles of Association, Regulations, Codes and Guidelines Version Issue Date Chinese Version
(Y/N)		 In-force
(Y/N)
Memorandum & Articles of Association 1 11 February 1993 N N
2 10 December 1996 N N
3 20 February 2006 N N
4 10 August 2010 N N
5 21 November 2013 N Y
Membership Regulations
會員規則		 1 11 February 1993 Y N
2 14 December 1993 Y N
3 26 October 1995 Y N
4 10 December 1996 Y N
5 10 October 2006 Y N
6 10 August 2010 Y N
7 17 October 2012 Y N
8 15 January 2013 Y N
9 11 June 2013 Y N
10 8 April 2014 Y N
11 15 July 2015 Y Y
Code of Conduct
專業守則		 1 11 February 1993 Y N
2 14 December 1993 Y N
3 26 October 1995 Y Y
IIQAS CPD Programme Administrative Framework
保險中介人持續專業培訓計劃行政綱要		 1 17 September 2003 N N
2 10 March 2005 N N
3 10 July 2006 N Y
Regulations for Insurance Brokers Engaged in Advising on Linked Long Term Insurance or Arranging or Negotiating Policies of Linked Long Term Insurance
保險經紀就投資相連長期壽險提供意見或洽談或安排投資相連長期壽險合約的規則		 1 22 July 2011 Y Y
Penalty Guidelines 1 23 January 2014 N Y
Guidance Note on Annual Certification for Adequate Professional Indemnity Insurance 1 7 March 2007 N N
2 10 June 2009 N Y
Guidance Note on Registering Alternate Chief Executive 1 23 April 2007 N Y
Guidance Note on Proper Delivery of Long Term Insurance Policy 1 23 April 2007 N N
2 29 January 2010 N Y
Guidance Note on Conducting Needs Analysis for Long Term Insurance Business (Including Linked Long Term Insurance) 1 22 June 2007 N N
Guidance Note on Conducting “Know Your Client” Procedures for Long Term Insurance Business (Including Linked Long Term Insurance) 2 8 April 2014 N N
3 18 December 2014 N N
Guidance Note on Conducting “Know Your Client” Procedures for Long Term Insurance Business 4 13 October 2015 N Y
Guidance Note on Annual Certification by Members Being Engaged in Long Term Insurance Business for Compliance with IA's Guidance Note on Prevention of Money Laundering and Terrorist Financing 1 22 June 2007 N N
Guidance Note on Annual Certification by Members Being Engaged in Long Term Insurance Business for Compliance with IA’s Guideline on Anti-Money Laundering and Counter-Terrorist Financing 2 15 March 2012 N N
3 23 January 2014 N Y
Guidance Note on Documentary Proof of Educational Attainment for Registration's Purpose 1 15 October 2007 N N
2 15 March 2012 N Y
Guidance Note on the Administrative Framework in relation to and arising from the enhanced IIQE Paper for Investment-linked Long Term Insurance 1 8 December 2009 N N
Guidance Note on Dealing with Referral Business 1 7 May 2010 N Y
Guidance Note on Client Agreement for Linked Long Term Insurance Business 1 22 July 2011 N Y
Guidance Note on Address Proof for Registration's Purpose 1 15 March 2012 N Y
Guidance Note on Keeping of Separate Client Monies 1 16 August 2013 N N
2 12 May 2015 N Y
Guidance Note on Product Recommendation for Long Term Insurance Business (Including Linked Long Term Insurance) 1 18 December 2014 N Y
Guidance Note on Product Recommendation for Long Term Insurance Business 2 13 October 2015 N N
Guidance Note on Using Business Names or Brand or Trade Names
 1 17 September 2015 N Y

 

  • Professional Insurance Brokers Association
Memorandum & Articles of Association, Regulations, Codes and Guidelines and Circular Letters Version Issue Date Chinese Version
(Y/N)		 In-force
(Y/N)
Memorandum and Articles of Association
(The 4th and 5th versions are available in forms of special resolutions only.)		 1 29 January 1988 N N
2 27 October 1994 N N
3 27 February 1997 N N
4 25 February 2002 N N
5 20 July 2004 N N
6 3 February 2005 N N
7 8 October 2014 N Y
Membership Regulations 1 29 January 1988 N N
2 27 October 1994 N N
3 27 February 1997 N N
4 1 October 2003 N N
5 15 April 2013 N N
6 1 February 2015 N Y
PIBA Membership Withdrawal Conditions and Requirements 1 1 August 2004 N N
2 1 October 2005 N N
3 1 June 2006 N Y
Guideline on Insurance Intermediaries Quality Assurance Scheme (“IIQAS”) Continuing Professional Development (“CPD”) Programme 1 5 October 2007 N N
2 22 October 2012 N N
3 11 April 2014 N N
4 12 December 2014 N Y
Annual Certification for Compliance with the Guidance Note on Prevention of Money Laundering and Terrorist Financing 1 7 November 2007 N N
Annual Compliance Certification – Guideline on Anti-Money Laundering and Counter-Terrorist Financing (AML) published under S7 of the AMLO and S4A of ICO 2 4 April 2014 N Y
Guidelines on Alternate Chief Executive Registration 1 2 October 2008 N Y
Code of Conduct for Insurance Brokers Conducting Investment Linked Business 1 8 January 2011 N N
2 20 December 2013 N Y
Guidance Note on Conducting Investment Linked Business 1 24 December 2014 N Y
Penalty Guidelines 1 30 December 2013 N Y
Circular letter: Imprinting Registration Number on Name Cards 1 22 December 2001 N Y
Circular letter: Guidelines on name card and stationery 1 20 June 2005 N Y
Circular letter: Insurance Intermediaries Quality Assurance Scheme (IIQAS) - Professional Upgrade of Investment-linked Long Term Insurance Examination 1 31 December 2009 N N
Circular letter: Non-disclosure of (1) disciplinary / bankruptcy records (2) criminal records 1 20 February 2012 N Y
Circular letter: Using Erasable Ink Pen 1 28 March 2012 N Y
Circular letter: Cross-Border (People’s of Republic of China (PRC)) Selling 1 12 September 2012 N Y
Circular letter: Dual Registration of Chief Executive (“CE”) and Technical Representative (“TR”) 1 7 April 2014 N Y
Circular letter: Dual Registration of Chief Executive (“CE”) 2 27 January 2016 N Y
Circular letter: Deductible greater than Net Assets Value (“DGNAV”) under the Professional Indemnity Insurance (“PII”) Policy 1 29 September 2015 N Y
Circular letter: PIBA Financial Needs Analysis (“FNA”) Form for both Class A and C Products pursuant to “Initiative on FNA” issued by the Hong Kong Federation of Insurers (“HKFI”) 1 5 January 2016 N Y

 

 

 

 

2013| Important notices Last revision date: 14 April 2016