Hong Kong insurance regulator to start imposing penalties
It has published guidelines that will be effective from 23 September 2019
Insurance Authority
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UAE insurance regulator sharpens its teeth
Insurance Authority set to enforce over 200 new fines on firms and brokers for not complying with its rules
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UAE financial adviser consolidation gathering pace
Smaller companies may need to merge to stay in the business
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NRI-focused IFA back in business after licence suspension
Dubai-based Compass Insurance Brokers has licence reinstated by the Insurance Authority
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Advisers react to UAE regulator’s draft commission rules
‘Grey area’ for NRI advisers selling portfolio bonds, says accountancy institute’s Mahmood Bangara
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Suspension lifted at Holborn Assets
Dubai-headquartered Holborn Assets Insurance Brokers has resumed normal business after the Insurance Authority suspension of the company’s licence was lifted on Monday, sources have told International Adviser.
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Canaccord responds to IA action over Holborn
In light of the regulatory action by the UAE Insurance Authority against Holborn Assets, Canaccord Genuity Wealth Management has told International Adviser that it is “keeping the matter under review and looks forward to the conclusion of the regulator’s findings”.
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Holborn Assets has Dubai licence suspended
Dubai-based Holborn Assets Insurance Brokers has had its Insurance Authority licence suspended for three months, in a rare case of the regulator taking action over a complaint about what is believed to be the sale of a long-term savings product.
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Vexed UAE firms act over Insurance Authority rule delays
As the Abu Dhabi headquartered Insurance Authority drags its heals on finalising sector reform, many businesses are anticipating what the incoming regulations will mean for them and pressing ahead with new strategies.
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Key regulatory changes to keep an eye on
From the Isle of Man Financial Services Authority’s planned commission disclosure requirement to the Middle East Insurance Authority’s move to tighten capital requirements for licenced brokers, there is plenty of significant change happening on the regulatory front.
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Advisers in UAE face tougher environment for financial planning
The chief executive of a leading UAE advice firm has warned that increased regulation will reduce the survival prospects for many financial consultancy firms in the Emirates if the obvious warnings from regulators are ignored.
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Leading advisers predict new UAE rules will cull firms by 50%
New capital requirements for licensed UAE insurance brokers will amount to a “cull” that could see the number of regulated firms drop by more than half, the heads of two large advisory firms operating in the region have suggested.