SFC tightens regulation on investment-linked insurance policies to enhance investor protection

//SFC tightens regulation on investment-linked insurance policies to enhance investor protection

SFC tightens regulation on investment-linked insurance policies to enhance investor protection

Hong Kong’s securities watchdog on Monday introduced tougher regulations on investment-linked assurance schemes (ILAS) in a bid to enhance transparency and protect investors following a review of these products.The Securities and Futures Commission’s new guidelines require insurance companies to provide greater transparency on the fee structure and design of these products. The companies have also been told to stop charging consumers excessively high fees and surrender charges.The Hong Kong…

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By | 2021-11-01T11:19:08+00:00 November 1st, 2021|Business|Comments Off on SFC tightens regulation on investment-linked insurance policies to enhance investor protection