香港政府已完成公眾咨詢, 並將分階段實施新的放債人規管措施。首階段 (將於2026年8月生效)為低收入借款人設立「還款佔入息比率」上限，並禁止使用「貸款諮詢人」。第二階段 (將於2027年6月生效)強制放債人與信貸資料平台「信資通」共享借款人信貸資料。 天匯合規：最新市場資訊 新放債人規管措施影響分析 (2026年8月及2027年6月生效) (2026年3月) 香港政府已完成公眾咨詢, 並將分階段實施新的放債人規管措施。首階段 (將於2026年8月生效)為低收入借款人設立「還款佔入息比率」上限，並禁止使用「貸款諮詢人」。第二階段 (將於2027年6月生效)強制放債人與信貸資料平台「信資通」共享借款人信貸資料。 一、 對申請放債人牌照客戶的影響 1. 更嚴格的牌照條件 (營運模式受衝擊) 政府正修訂放債人牌照條件及行政指引。貴公司作為新申請人，必須從一開始就證明有能力遵守新的還款佔入息比率上限和信貸資料匯報要求。 因此，你的業務模式和貸款系統必須能自動驗證借款人收入並準確計算「還款佔入息比率」上限： 借款人每月收入 「還款佔入息比率」上限 6,000 港元或以下 不超過35% 6,001 至 12,000港元 不超過40% 不合規將直接違反牌照條件。 2. 強制系統升級與數據管治 到2027年6月，所有從事無抵押個人貸款的持牌人必須加入「信資通」，並每30天上傳借款人的信貸額度及還款紀錄。 對新持牌人而言，這代表在營運之初就需要投入成本，設置穩健的資料收集、加密及傳輸系統，以符合嚴格的數據管治要求。 3. 貸款組合與風險策略的改變 還款佔入息比率上限實際上限定了最高貸款額。例如，月入HK$6,000的借款人，其最高貸款額僅約HK$22,246，這將限制來自低收入客戶的潛在收入。 此上限加上「信資通」的強制數據共享，旨在防止借款人向多個放債人過度借貸。這雖然有助降低因借款人隱性負債而違約的風險，但也會顯著縮小高風險、高利率貸款的整體市場規模，預計將令行業出現整合，只有合規且優質的公司才能持續經營。 4. 行業常見手法的禁令 禁止要求借款人提供「貸款諮詢人」，移除了過往一種常見的聯繫及催收手段。貴公司不能依賴此方法作聯繫或施加還款壓力，市場推廣和收債策略必須全面修訂以符合新規定。 二、 對使用外部審計服務的客戶的影響 1. 新規例合規性的驗證 收入確認及減值撥備： 審計人員需要驗證向低收入借款人 (即每月收入低於HK$12,000)發放的貸款是否符合法定還款佔入息比率上限。若發現違規貸款，可能需要視為不可執行或需退還利息，這將直接影響貸款組合的估值，並需計提特定減值撥備。 合規性測試： 審計重點將包括測試貴公司驗證借款人收入及計算還款佔入息比率上限的內部監控措施。審計意見將需考慮公司是否有有效系統確保符合新牌照條件。 2. 「信資通」資料核對 新規定要求放債人向「信資通」上傳資料。審計人員需要抽樣核對貸款組合與已提交至信貸平台的資料，以確保報告的完整性和準確性。這將是審計範圍內一個新的、需要提供審計保證的監管報告領域。 3. 持續經營能力及商業模式評估 若貴公司的業務模式過度依賴向低收入借款人提供高利息及多重貸款，可能面臨收入大幅下降和合規成本持續上升的雙重壓力，這將直接影響管理層對公司持續經營能力的評估。 4. 市場推廣及收債手法的檢討 隨著「貸款諮詢人」被禁，審計人員會檢討公司最新的收債政策，確保持牌人已根據規管措施更新相關政策及操作流程。 廣告須加入公司註冊處指明之風險提示字句的新要求，也屬於合規審計的範圍。 [完結 - 天匯合規最新市場資訊 :新放債人規管措施影響分析 (2026年8月及2027年6月生效) - (2026年3月)] For more details, please click on the title of the topic above. ================================= ~ Make It Right Today, Better Tomorrow ~ ================================= The article is for general information purpose only and is not intended to constitute legal or other professional advice. For enquiries, please email to support@complianceone.hk or WhatsApp us at (852) 95164607 . Unit 1605, 16/F, West Tower, Shun Tak Centre,168-200 Connaught Road Central, Sheung Wan, Hong Kong Tel: (852) 39550277 www.complianceone.hk

The Hong Kong Government will implement enhanced regulations for licensed money lenders in two phases. The first phase in August 2026 introduces a Debt Servicing Ratio (DSR) cap for low-income borrowers and bans the use of loan referees. The second phase in June 2027 mandates... ComplianceOne's Impact Analysis : New Money Lending Regulations (Effective August 2026 and June 2027) - (March 2026) The Hong Kong Government will implement enhanced regulations for licensed money lenders in two phases. The first phase in August 2026 introduces a Debt Servicing Ratio (DSR) cap for low-income borrowers and bans the use of loan referees. The second phase in June 2027 mandates the sharing of borrower data with the credit reference platform "Credit Data Smart" (CDS). I. For Clients Applying for a Money Lender's Licence (ML) 1. Stricter Licensing Conditions (Impact on Business Model) The Government is amending the licensing conditions and administrative guidelines for money lenders. As a new applicant, you must demonstrate from the outset your ability to comply with the new DSR caps and credit data reporting requirements. Consequently, your business model and loan origination systems must be designed to automatically verify borrower income and accurately calculate the DSR cap. Borrower's monthly income Debt servicing ratio cap HK$6,000 or less Not exceeding 35% From HK$6,001 to HK$12,000 Not exceeding 40% Non-compliance will directly violate licensing conditions. 2. Mandated System Upgrades & Data Governance By June 2027, all licensees engaged in unsecured personal loans must join the CDS platform and upload borrower data (including credit limits and repayment records) every 30 days. For new licensees, this represents a significant operational and IT setup cost from the outset. You must establish robust systems for data collection, encryption, and secure transmission to meet strict data governance requirements. 3. Changes to Loan Portfolio & Risk Strategy The DSR cap effectively sets a maximum loan amount. For example, for a borrower earning HK$6,000, the maximum loan principal is approximately HK$22,246. This limits the potential revenue from low-income customers. This cap, combined with mandatory CDS data sharing, is designed to prevent borrowers from over-leveraging across multiple lenders. While this will reduce the risk of default due to hidden debts, it will also significantly shrink the total addressable market for high-risk, high-interest loans. The industry is expected to "shuffle", potentially leaving only compliant and high-quality finance companies sustainable. 4. Prohibition of Common Industry Practices The ban on requiring a "loan referee" removes a previously common method for contact and implicit pressure for repayment. You cannot rely on this practice. Your marketing and debt collection strategies must be comprehensively revised to comply with the new regulations. II. For Clients Using Our External Audit Services 1. Verification of Compliance with New Regulations Revenue Recognition & Allowance: Auditors will need to verify that loans issued to low-income borrowers (monthly income below HK$12,000) comply with the legal DSR caps. Loans issued in violation may be considered unenforceable or subject to interest rebates, directly impacting the valuation of the loan portfolio and requiring specific impairment provisions. Compliance Testing: A key area of audit will be testing your company's internal controls for verifying borrower income and calculating the DSR. The audit opinion will need to consider whether the company has effective systems to ensure compliance with these new licensing conditions. 2. CDS Data Reconciliation The new regulations require licensees to upload data to the CDS. Auditors will need to reconcile a sample of the loan book against the data submitted to the credit platform to ensure completeness and accuracy of reporting. This becomes a new area of regulatory reporting that requires audit assurance. 3. Assessment of Going Concern & Business Model If your company's business model relies heavily on high-interest, multi-loan lending to low-income borrowers, you may face significant revenue declines and increased compliance costs. This will directly impact management's assessment of the company's ability to continue as a going concern. 4. Review of Marketing & Collection Practices With the ban on loan referees, auditors will review the company's updated debt collection policies to ensure that the licensee has revised relevant policies and operational procedures in accordance with the regulatory measures. The new requirement for risk warning statements (as specified by the Companies Registry) in advertisements also falls under the purview of a compliance audit. [End of ComplianceOne's Impact Analysis: New Money Lending Regulations (Effective August 2026 and June 2027) – March 2026] For more details, please click on the title of the topic above. ================================= ~ Make It Right Today, Better Tomorrow ~ ================================= The Newsletter is for general information purpose only and is not intended to constitute legal or other professional advice. For enquiries, please email to support@complianceone.hk or WhatsApp us at (852) 95164607 . Unit 1605, 16/F, West Tower, Shun Tak Centre,168-200 Connaught Road Central, Sheung Wan, Hong Kong Tel: (852) 39550277 www.complianceone.hk

天匯合規顧問有限公司（簡稱「天匯合規」)成立於 2017 年 4 月，是一間提供專業合規谘詢服務的顧問服務公司。自創立以來，團隊累積了許多成功經驗，包括為客戶申請證監會的第一類（證券交易）、第二類（期貨交易）、第四類（就證券提供意見）、第五類（就期貨合約提供意見)、第九類（提供資產管理）受規管活動牌照、香港聯交所交易權、香港期交所交易權、金錢服務經營者牌照，及成立開曼群島離岸基金等等的成功經驗。 關於我們 香港上環干諾道中168-200號 信德中心西座16樓1605室 電話：+852 3955 0277 電郵：info@complianceone.hk 繁｜簡 ｜EN 登入 首頁 關於我們 關於我們 專業團隊 關於我們 專業團隊 服務範圍 1. 金融牌照申請或續期 證監會法團牌照申請 香港交易所参與者及交易權申請 金錢服務經營者 (MSO) 牌照申請 金錢服務經營者 (MSO) 牌照續牌 保險經紀牌照申請 放債人牌照申請 貴金屬及寶石交易商(DPMS)註冊 2. 監管合規 持續合規服務 (持牌法團) 網上持續培訓 (CPT) 證監會現場審查 持續合規服務 (保險中介人) MSO 能力評核考試 3. 公司秘書及企業服務 公司秘書服務 基金設立服務 會計及記帳服務 信託公司註冊 信託或公司服務提供者(TCSP) 牌照申請 4. 合規科技系統 萬利雲找換系統 東查查反洗錢/客戶管理系統 eDon AML Transaction Monitoring (TM) System 中國企業查 5. 牌照公司轉讓 牌照轉讓 6. 審計與內部監控 反洗錢獨立審計 內部監控審閱 合規文件定制 放債人的獨立審核職能 7. 人力資源服務 人才招聘服務 香港工作簽證 1. 金融牌照申請或續期 證監會法團牌照申請 香港交易所参與者及交易權申請 金錢服務經營者 (MSO) 牌照申請 金錢服務經營者 (MSO) 牌照續牌 保險經紀牌照申請 放債人牌照申請 貴金屬及寶石交易商(DPMS)註冊 2. 監管合規 持續合規服務 (持牌法團) 網上持續培訓 (CPT) 證監會現場審查 持續合規服務 (保險中介人) MSO 能力評核考試 3. 公司秘書及企業服務 公司秘書服務 基金設立服務 會計及記帳服務 信託公司註冊 信託或公司服務提供者(TCSP) 牌照申請 4. 合規科技系統 萬利雲找換系統 東查查反洗錢/客戶管理系統 eDon AML Transaction Monitoring (TM) System 中國企業查 5. 牌照公司轉讓 牌照轉讓 6. 審計與內部監控 反洗錢獨立審計 內部監控審閱 合規文件定制 放債人的獨立審核職能 7. 人力資源服務 人才招聘服務 香港工作簽證 加入我們 天匯合規合夥人計劃 職位空缺 天匯合規合夥人計劃 職位空缺 參考資料 證券及期貨從業員資格考試自我評估 牌照申請程序 客戶及案例分享 公司及市場發展動向 證券及期貨從業員資格考試自我評估 牌照申請程序 客戶及案例分享 公司及市場發展動向 市場資訊 聯絡我們 Menu Close 天匯合規顧問有限公司（簡稱「天匯合規」)成立於 2017 年 4 月，是一間提供專業合規谘詢服務的顧問服務公司。自創立以來，團隊累積了許多成功經驗，包括為客戶申請證監會的第一類（證券交易）、第二類（期貨交易）、第四類（就證券提供意見）、第五類（就期貨合約提供意見)、第九類（提供資產管理）受規管活動牌照、香港聯交所交易權、香港期交所交易權、金錢服務經營者牌照，及成立開曼群島離岸基金等等的成功經驗。 除了公司的團隊外，天匯合規亦會聯同金融行業的專業人士及律師，合作申請證監會的第三類受規管活動牌照（槓桿式外匯交易）、第六類受規管活動牌照(就機構融資提供意見）、放債人牌照，以至及保險經紀公司牌照，致力為客戶提供全方位的金融類牌照申請服務。 我們的客戶來自世界各地，包括中國內地、台灣、韓國、柬埔寨、新加坡、英國、意大利等地區。 客戶的背景由大型國有企業、期貨公司、國內註冊私募基金公司、家族辦公室、民管企業家、及加密貨幣服務商等等。 我們擅於運用團隊成員過去於持牌機構的實際營運經驗，配合豐富而專業的合規知識，竭誠為客戶公司提供具體的合規建議和營運方案，協助公司客戶符合本地的監管法規之餘，更能提升營運效率。 我們的專業團隊包括持牌公司的負責人員和證監會的發牌科經理，既擁有金融服務業的專業知識，亦有營運下列受規管活動的相關經驗： 第一類：證券交易 第二類：期貨合約交易 第四類：就證券提供意見 第五類：就期貨合約提供意見 第六類：就機構融資提供意見 第九類：提供資產管理 此外，天匯合規亦會因應牌照申請提供相關的支援服務，包括公司註冊（香港和 BVI 公司）、辦公室租賃、辦公室翻新/室內設計、負貴人員 (RO ) 招聘和核心職能主管（MIC ）、銀行開戶（個人和企業賬戶）、網頁設計及開發和第三方服務供應商推薦等等，務求為客戶提供最全面及完善的服務。 業務活動 有用連結

天匯的顧問園隊主要由具備各類業務的資深負責人員及合規主管經驗的人員組成，對香港證監會的發牌制度、申請程序及要求、申請文件準備、就擬聘任的負貴人員資格審核、回應監管機構查詢等均擁有豐富經驗，確保牌照申請程序高效處理。 由於天匯的顧問團隊具備豐富的營運管理經驗，在客戶的前期開業階段以至日後在合規支援服務上，均可提供優勝於一般合規顧問的服務。 專業團隊 香港上環干諾道中168-200號 信德中心西座16樓1605室 電話：+852 3955 0277 電郵：info@complianceone.hk 繁｜簡 ｜EN 登入 首頁 關於我們 關於我們 專業團隊 關於我們 專業團隊 服務範圍 1. 金融牌照申請或續期 證監會法團牌照申請 香港交易所参與者及交易權申請 金錢服務經營者 (MSO) 牌照申請 金錢服務經營者 (MSO) 牌照續牌 保險經紀牌照申請 放債人牌照申請 貴金屬及寶石交易商(DPMS)註冊 2. 監管合規 持續合規服務 (持牌法團) 網上持續培訓 (CPT) 證監會現場審查 持續合規服務 (保險中介人) MSO 能力評核考試 3. 公司秘書及企業服務 公司秘書服務 基金設立服務 會計及記帳服務 信託公司註冊 信託或公司服務提供者(TCSP) 牌照申請 4. 合規科技系統 萬利雲找換系統 東查查反洗錢/客戶管理系統 eDon AML Transaction Monitoring (TM) System 中國企業查 5. 牌照公司轉讓 牌照轉讓 6. 審計與內部監控 反洗錢獨立審計 內部監控審閱 合規文件定制 放債人的獨立審核職能 7. 人力資源服務 人才招聘服務 香港工作簽證 1. 金融牌照申請或續期 證監會法團牌照申請 香港交易所参與者及交易權申請 金錢服務經營者 (MSO) 牌照申請 金錢服務經營者 (MSO) 牌照續牌 保險經紀牌照申請 放債人牌照申請 貴金屬及寶石交易商(DPMS)註冊 2. 監管合規 持續合規服務 (持牌法團) 網上持續培訓 (CPT) 證監會現場審查 持續合規服務 (保險中介人) MSO 能力評核考試 3. 公司秘書及企業服務 公司秘書服務 基金設立服務 會計及記帳服務 信託公司註冊 信託或公司服務提供者(TCSP) 牌照申請 4. 合規科技系統 萬利雲找換系統 東查查反洗錢/客戶管理系統 eDon AML Transaction Monitoring (TM) System 中國企業查 5. 牌照公司轉讓 牌照轉讓 6. 審計與內部監控 反洗錢獨立審計 內部監控審閱 合規文件定制 放債人的獨立審核職能 7. 人力資源服務 人才招聘服務 香港工作簽證 加入我們 天匯合規合夥人計劃 職位空缺 天匯合規合夥人計劃 職位空缺 參考資料 證券及期貨從業員資格考試自我評估 牌照申請程序 客戶及案例分享 公司及市場發展動向 證券及期貨從業員資格考試自我評估 牌照申請程序 客戶及案例分享 公司及市場發展動向 市場資訊 聯絡我們 Menu Close Franklin Lee 首席顧問 從業經驗: 中國商業研究碩士畢業後，Franklin Lee 自2003 年起加入金融業，2011 年起開始擔任數間持牌法團的負責人員。Franklin Lee 於 2017 年與 Tao Wong 共同創辦天匯合規。從事了超過18年的金融業工作，Franklin 對於持牌法團的實際營運積累了豐富的合規知識及管理經驗。 Juno Mak 資深顧問（會計及財政資源規則） 從業經驗: Juno Mak 於2009年從香港中文大學獲得商業會計學位並於2014年從倫敦大學獲得法律學位。 Juno 在過去的職業生涯當中，曾經在大型金融機構包括摩根大通以及在四大會計師行的安永會計師事務所擔任會計及稅務的專業人士。他亦曾發展了一套專為持牌法團而設的會計及財務申報系統。 作為香港會計師公會(HKICPA)會員，Juno 現時協助數十間持牌法團處理會計及財政資源規則的事務工作。 Bosco Ho 資深顧問（虛擬資產部） 從業經驗: Bosco Ho 畢業於香港城市大學並獲取金融工程的碩士學位。從2007年至2015年期間，他成功替匯豐銀行發展及管理俗稱黑池的場外交易平台，當中他更負責設計交易流向及開發交易指令執行邏輯。 從2020年開始，Bosco 開始接觸不同國家地區對虛擬資產服務供應商 (VASPs) 發牌的監管要求，當中參與包括新加玻、加拿大、澳大利亞、巴哈馬、土耳其、以及英屬處女群島的發牌工作。 現時，Bosco 亦同時在協助客戶向香港證監會申請第一類及第七類受規管活動並申請成為持牌虛擬貨幣交易所當中。 天匯的顧問園隊主要由具備各類業務的資深負責人員及合規主管經驗的人員組成，對香港證監會的發牌制度、申請程序及要求、申請文件準備、就擬聘任的負貴人員資格審核、回應監管機構查詢等均擁有豐富經驗，確保牌照申請程序高效處理。 由於天匯的顧問團隊具備豐富的營運管理經驗，在客戶的前期開業階段以至日後在合規支援服務上，均可提供優勝於一般合規顧問的服務。 Tao Wong 合伙人 畢業於美國堪薩斯大學工商管理與金融學系的Tao Wong，於2007年加入海通國際（前稱大福證券）。通過在一家中國頂尖國際投行的多個部門工作，他積累了豐富的營運和管理經驗。2017年，Tao與Franklin Lee共同創辦了天匯合規。 Tao擁有近20年在金融和合規行業的經驗，對證監會、保監會、海關及其他政府機構對金融機構的合規要求有深入的了解。他能夠為客戶設計策略性規劃，提供量身訂做的合規建議和營運方案，並為金融機構提供專業見解。 在Tao的領導下，天匯合規的團隊已經服務過近千名來自不同背景的金融機構，包括國企、央企、券商、資產管理公司、上市公司、保險公司、財務公司、金錢服務經營者及貴金屬和寶石交易商等，對合規事務的認知非常深厚。 此外，他還參與創辦了合規科技的「萬利雲找換系統」和「東查查反洗錢／客戶管理系統」，為金融機構提供合規科技的解決方案。 Tommy Chung 合伙人及合規經理 于都柏林大學畢業後，Tommy Chung於2018年加入天匯合規。經過多年與持牌法團及證監會的實戰經驗，Tommy對《證券及期貨事務監察委員會持牌人或註冊人操守準則》、《適當人選的指引》、《證券及期貨條例》、《打擊洗錢及恐怖融資條例》、《基金經理操守準則》以及證監會的其他指引和守則等有著深入的理解。 Tommy特別擅長為持牌金融機構設計組織架構和制定運營流程，設定審查程式，評估政策和檔，並針對漏洞或不當作業方式提供改進措施，以優化管理和運營流程，對持牌法團的合規認知非常深厚。 至今，Tommy已帶領自己的合規團隊為數百名客戶提供合規支援，其中包括國企、央企、券商、資產管理公司和上市公司等。 他與團隊每天持續協助數十間持牌法團處理合規及運營上的日常事務，常與證監會溝通，參與證監會現場審查，並跟進證監會審查後要求的獨立協力廠商審查、牌照申請及其他金融牌照相關事項。 Sam Huang 副董事總經理 從業經驗: Sam Huang 於2008年完成北京大學法學課程畢業。20多年來從事各類型的企業，處理各類型金融服務，包括: 私募股權投資、融資、管理、及退出。 同時Sam 亦有管理公司的經驗, 曾經管理過100人的團隊, 主要負責公司的總體規劃、架構設計、人員安排、公司日常行政、及市場推廣。 Sam 擁有中港兩地的背景, 對中國內地及香港的金融業的發展有著深厚的了解和認識。 Divina Yam 聯合合伙人及項目經理 （信託公司及持牌保險經紀公司） 從業經驗: 自澳洲麥格理大學MBA畢業後，Divina Yam 投身於一家投資銀行作為IT團隊成員開始她的職業生涯，後來被提拔加入其公司的財務團隊擔任AVP一職，主要負責合規和內部監控；Divina在財務範疇上有多元化的發展，擅於創新改造地產和保險業務的整體營運模式，協助公司發展信託業務及私募基金的成立；並且特別精通企業融資的諮詢業務，例如存款證和債券等。同時多年來，她亦一直在證監會監管下的持牌法團擔任 1、4、9號牌照的負責人員及核心職能主管(MIC)。從2018年開始，Divina 亦同時擔任持牌保險經紀公司的首席法律及合規主管。 Bobo Tang 高級顧問 從業經驗: 2016年畢業於英格蘭赫爾大學，Bobo Tang 在2020年加入天匯合規協助處理金錢服務經營者(MSO)及以其他牌照 (包括放貸人牌照) 的工作。Bobo 現時亦同時主理向牌照申請人及其合規主任提供以《打擊洗錢及恐怖分子資金籌集條例》為題材的全面培訓及講解工作。 Ivan Lo 資深顧問（放貸人牌照） 從業經驗: Ivan Lo 畢業於香港大學，早年從事測量專業工作，在2017-2021年間於註冊合規師公會 (Institute of Compliance Officers) 擔任執行幹事工作，協助公會拓展會務及協助持牌金融機構遵守合規要求；Ivan 曾舉辦過50多次線上線下專業講座，及開發和舉辦了四屆各36小時的金融合規培訓課程，學生數目超過200人。 於2020年，Ivan 成功與香港城市大學專業進修學院 (SCOPE) 合辦三個金融合規課程，獲香港資歷架構 (HKQF) 承認兩個課程為五級 (大學程度) 及一個課程為四級 (副學士程度) 。 除教育事業之外，Ivan 現專注於向持牌放債人提供打擊洗錢制度的顧問及獨立審計服務，並已為數十家持牌放債人建立了打擊洗錢的內部制度，深受業界的認可。

天匯合規提供一站式成立香港公司服務，讓顧客可專注於業務發展上。在成立香港公司服務方面，我們提供的服務具體包括： - 公司名稱查冊 - 申請及領取公司註冊證書、商業登記證 - 申報首任秘書、董事、認股人及註冊地址 - 銀行開戶所需文件 - 製作公司套裝 (公司章程、會議記錄冊、公司股票簿、公司文件盒及公司印章等) - 專業公司秘書服務 - 公司註冊/ 營業地址服務 其他增值服務 登入 首頁 關於我們 關於我們 專業團隊 關於我們 專業團隊 服務範圍 證監會法團牌照申請 香港交易所参與者及交易權申請 金錢服務經營者 (MSO) 牌照申請 金錢服務經營者 (MSO) 牌照續牌 保險經紀牌照申請 放債人牌照申請 貴金屬及寶石交易商(DPMS)註冊 持續合規服務 (持牌法團) 網上持續培訓 (CPT) 證監會現場審查 持續合規服務 (保險中介人) MSO 能力評核考試 公司秘書服務 基金設立服務 會計及記帳服務 信託公司註冊 信託或公司服務提供者(TCSP) 牌照申請 萬利雲找換系統 東查查反洗錢/客戶管理系統 eDon AML Transaction Monitoring (TM) System 中國企業查 牌照轉讓 反洗錢獨立審計 內部監控審閱 合規文件定制 放債人的獨立審核職能 人才招聘服務 香港工作簽證 證監會法團牌照申請 香港交易所参與者及交易權申請 金錢服務經營者 (MSO) 牌照申請 金錢服務經營者 (MSO) 牌照續牌 保險經紀牌照申請 放債人牌照申請 貴金屬及寶石交易商(DPMS)註冊 持續合規服務 (持牌法團) 網上持續培訓 (CPT) 證監會現場審查 持續合規服務 (保險中介人) MSO 能力評核考試 公司秘書服務 基金設立服務 會計及記帳服務 信託公司註冊 信託或公司服務提供者(TCSP) 牌照申請 萬利雲找換系統 東查查反洗錢/客戶管理系統 eDon AML Transaction Monitoring (TM) System 中國企業查 牌照轉讓 反洗錢獨立審計 內部監控審閱 合規文件定制 放債人的獨立審核職能 人才招聘服務 香港工作簽證 加入我們 天匯合規合夥人計劃 職位空缺 天匯合規合夥人計劃 職位空缺 參考資料 證券及期貨從業員資格考試自我評估 牌照申請程序 客戶及案例分享 公司及市場發展動向 證券及期貨從業員資格考試自我評估 牌照申請程序 客戶及案例分享 公司及市場發展動向 市場資訊 聯絡我們 Menu Close 香港上環干諾道中168-200號 信德中心西座16樓1605室 電話：+852 3955 0277 電郵：info@complianceone.hk 繁｜ 簡 ｜EN 註冊/成立公司 天匯合規提供一站式成立香港公司服務，讓顧客可專注於業務發展上。在成立香港公司服務方面，我們提供的服務具體包括： - 公司名稱查冊 - 申請及領取公司註冊證書、商業登記證 - 申報首任秘書、董事、認股人及註冊地址 - 銀行開戶所需文件 - 製作公司套裝 (公司章程、會議記錄冊、公司股票簿、公司文件盒及公司印章等) - 專業公司秘書服務 - 公司註冊/ 營業地址服務 開設商業銀行戶口 1) 搜集客戶公司的資料及背景審查, 包括: A. 公司文件 (香港公司/海外公司) B. 股東資料 C. 董事資料 D. 業務資料及補充文件 (行業 / 客戶所在地 / 業務模式 / 產品及服務) 2) 於開戶過程中，代表客戶與銀行溝通 3) 跟進開戶文件和開戶過程 4) 不成功, 不收費 5) 需時: 2-3個月 成立離岸基金 基金種類： A. 私募及創業資金基金 B. 對沖基金 C. 其他 法律形式： A. 離岸公司/ 獨立投資組合公司 (SPC) B. 豁免有限合夥企業 (ELP) C. 豁免有限責任公司 (LLC) 註冊離岸基金的步驟： A. 委託法律顧問 B. 撰寫法律文件 C. 法律顧問準備公司組織章程大綱及組織章程 D. 註冊成立豁免有限責任公司 天匯合規會了解客戶的需要，按照客戶實際營運模式提供專業意見，協助客戶註冊離岸基金。 天匯合規與不同的開曼律師事務所合作，為客戶提供高質量的成立離岸基金服務。我們亦會介紹其他服務供應商, 包括： A. 基金管理人 B. 核數師 C. 在岸及離岸法律顧問 基金結構： A. 單體式 B. 母子基金

金錢服務經營者 牌照申請 登入 首頁 關於我們 關於我們 專業團隊 關於我們 專業團隊 服務範圍 證監會法團牌照申請 香港交易所参與者及交易權申請 金錢服務經營者 (MSO) 牌照申請 金錢服務經營者 (MSO) 牌照續牌 保險經紀牌照申請 放債人牌照申請 貴金屬及寶石交易商(DPMS)註冊 持續合規服務 (持牌法團) 網上持續培訓 (CPT) 證監會現場審查 持續合規服務 (保險中介人) MSO 能力評核考試 公司秘書服務 基金設立服務 會計及記帳服務 信託公司註冊 信託或公司服務提供者(TCSP) 牌照申請 萬利雲找換系統 東查查反洗錢/客戶管理系統 eDon AML Transaction Monitoring (TM) System 中國企業查 牌照轉讓 反洗錢獨立審計 內部監控審閱 合規文件定制 放債人的獨立審核職能 人才招聘服務 香港工作簽證 證監會法團牌照申請 香港交易所参與者及交易權申請 金錢服務經營者 (MSO) 牌照申請 金錢服務經營者 (MSO) 牌照續牌 保險經紀牌照申請 放債人牌照申請 貴金屬及寶石交易商(DPMS)註冊 持續合規服務 (持牌法團) 網上持續培訓 (CPT) 證監會現場審查 持續合規服務 (保險中介人) MSO 能力評核考試 公司秘書服務 基金設立服務 會計及記帳服務 信託公司註冊 信託或公司服務提供者(TCSP) 牌照申請 萬利雲找換系統 東查查反洗錢/客戶管理系統 eDon AML Transaction Monitoring (TM) System 中國企業查 牌照轉讓 反洗錢獨立審計 內部監控審閱 合規文件定制 放債人的獨立審核職能 人才招聘服務 香港工作簽證 加入我們 天匯合規合夥人計劃 職位空缺 天匯合規合夥人計劃 職位空缺 參考資料 證券及期貨從業員資格考試自我評估 牌照申請程序 客戶及案例分享 公司及市場發展動向 證券及期貨從業員資格考試自我評估 牌照申請程序 客戶及案例分享 公司及市場發展動向 市場資訊 聯絡我們 Menu Close 香港上環皇后大道中 287-299號 299QRC 11樓1104室 電話：+852 3955 0277 電郵：info@complianceone.hk 繁｜ 簡｜EN 1) 評估公司及其董事背景及股權結構 2) 評核公司負責人員的資歷 3) 就公司的申請提供專業的合規意見 4) 就申請文件進行準備，包括： (1) 業務計劃書 (2) 營運手冊 (3) 合規手冊 (4) 業務應變計劃 5）準備證監會就持牌法團及負責人員的申請所要求提交的指定表格 6) 處理及跟進證監會的提問，直至公司成功申領牌照為止 7) 把整套申請文件、補充文件、及往來書面遞交給客戶備存，方便日後跟進牌照相關事宜 申請流程

登入 首頁 關於我們 關於我們 專業團隊 關於我們 專業團隊 服務範圍 證監會法團牌照申請 香港交易所参與者及交易權申請 金錢服務經營者 (MSO) 牌照申請 金錢服務經營者 (MSO) 牌照續牌 保險經紀牌照申請 放債人牌照申請 貴金屬及寶石交易商(DPMS)註冊 持續合規服務 (持牌法團) 網上持續培訓 (CPT) 證監會現場審查 持續合規服務 (保險中介人) MSO 能力評核考試 公司秘書服務 基金設立服務 會計及記帳服務 信託公司註冊 信託或公司服務提供者(TCSP) 牌照申請 萬利雲找換系統 東查查反洗錢/客戶管理系統 eDon AML Transaction Monitoring (TM) System 中國企業查 牌照轉讓 反洗錢獨立審計 內部監控審閱 合規文件定制 放債人的獨立審核職能 人才招聘服務 香港工作簽證 證監會法團牌照申請 香港交易所参與者及交易權申請 金錢服務經營者 (MSO) 牌照申請 金錢服務經營者 (MSO) 牌照續牌 保險經紀牌照申請 放債人牌照申請 貴金屬及寶石交易商(DPMS)註冊 持續合規服務 (持牌法團) 網上持續培訓 (CPT) 證監會現場審查 持續合規服務 (保險中介人) MSO 能力評核考試 公司秘書服務 基金設立服務 會計及記帳服務 信託公司註冊 信託或公司服務提供者(TCSP) 牌照申請 萬利雲找換系統 東查查反洗錢/客戶管理系統 eDon AML Transaction Monitoring (TM) System 中國企業查 牌照轉讓 反洗錢獨立審計 內部監控審閱 合規文件定制 放債人的獨立審核職能 人才招聘服務 香港工作簽證 加入我們 天匯合規合夥人計劃 職位空缺 天匯合規合夥人計劃 職位空缺 參考資料 證券及期貨從業員資格考試自我評估 牌照申請程序 客戶及案例分享 公司及市場發展動向 證券及期貨從業員資格考試自我評估 牌照申請程序 客戶及案例分享 公司及市場發展動向 市場資訊 聯絡我們 Menu Close Add a Title hi complianceone 1. 2. 3. 3 xxxxxxxxx 2 A. 1. 2. B. C 1 (1) ..... (2)....... (3)....... CCCC CCCC CCCC [object Object] CCCC CCCC [object Object] CCCC [object Object] CCCC [object Object] CCCC [object Object] CCCC [object Object] [object Object] CCCC

2019年9月，財務行動特別組織（特別組織）發布中國香港的相互評核報告，其中，報告指出有需要按貴重金屬及寶石交易商在洗錢及恐怖分子資金籌集方面的風險，檢討其在相關方面的責任和規管。 就特別組織建議加強對貴金屬及寶石業的規管，2022年6月24日，香港政府刊憲《2022年打擊洗錢及恐怖分子資金籌集（修訂）條例草案》，提出向同為指定非金融企業及行業之一的貴重金屬及寶石業，建立兩級註冊制度，並受海關關長規管，於2023 年 1 月 1 日生效，同時當日起計的270日為過渡期供相關人士進行註冊。 貴金屬及寶石交易商 登入 首頁 關於我們 關於我們 專業團隊 關於我們 專業團隊 服務範圍 證監會法團牌照申請 香港交易所参與者及交易權申請 金錢服務經營者 (MSO) 牌照申請 金錢服務經營者 (MSO) 牌照續牌 保險經紀牌照申請 放債人牌照申請 貴金屬及寶石交易商(DPMS)註冊 持續合規服務 (持牌法團) 網上持續培訓 (CPT) 證監會現場審查 持續合規服務 (保險中介人) MSO 能力評核考試 公司秘書服務 基金設立服務 會計及記帳服務 信託公司註冊 信託或公司服務提供者(TCSP) 牌照申請 萬利雲找換系統 東查查反洗錢/客戶管理系統 eDon AML Transaction Monitoring (TM) System 中國企業查 牌照轉讓 反洗錢獨立審計 內部監控審閱 合規文件定制 放債人的獨立審核職能 人才招聘服務 香港工作簽證 證監會法團牌照申請 香港交易所参與者及交易權申請 金錢服務經營者 (MSO) 牌照申請 金錢服務經營者 (MSO) 牌照續牌 保險經紀牌照申請 放債人牌照申請 貴金屬及寶石交易商(DPMS)註冊 持續合規服務 (持牌法團) 網上持續培訓 (CPT) 證監會現場審查 持續合規服務 (保險中介人) MSO 能力評核考試 公司秘書服務 基金設立服務 會計及記帳服務 信託公司註冊 信託或公司服務提供者(TCSP) 牌照申請 萬利雲找換系統 東查查反洗錢/客戶管理系統 eDon AML Transaction Monitoring (TM) System 中國企業查 牌照轉讓 反洗錢獨立審計 內部監控審閱 合規文件定制 放債人的獨立審核職能 人才招聘服務 香港工作簽證 加入我們 天匯合規合夥人計劃 職位空缺 天匯合規合夥人計劃 職位空缺 參考資料 證券及期貨從業員資格考試自我評估 牌照申請程序 客戶及案例分享 公司及市場發展動向 證券及期貨從業員資格考試自我評估 牌照申請程序 客戶及案例分享 公司及市場發展動向 市場資訊 聯絡我們 Menu Close 香港上環干諾道中168-200號 信德中心西座16樓1605室 電話：+852 3955 0277 電郵：info@complianceone.hk 繁｜ 簡 ｜EN 貴金屬及寶石交易商 Dealers in Precious Metals and Stones (DPMS) 2019年9月，財務行動特別組織（特別組織）發布中國香港的相互評核報告，其中，報告指出有需要按貴重金屬及寶石交易商在洗錢及恐怖分子資金籌集方面的風險，檢討其在相關方面的責任和規管。 就特別組織建議加強對貴金屬及寶石業的規管，2022年6月24日，香港政府刊憲《2022年打擊洗錢及恐怖分子資金籌集（修訂）條例草案》，提出向同為指定非金融企業及行業之一的貴重金屬及寶石業，建立兩級註冊制度，並受海關關長規管，於2023 年 4 月 1 日生效，同時當日起計的270日為過渡期供相關人士進行註冊。 業務對象 Service object 在香港經營貴金屬及寶石業務的定義 1. 在採礦作業中生產貴重金屬或寶石的人士 2. 中介買家及經紀 3. 寶石切割、打磨及貴重金屬提煉技工 4. 使用貴重金屬和寶石的珠寶製造商 5. 向公眾售賣的零售商、以及二手和廢料市場的買家和賣家 各類產品的定義 Definition of various products 各類產品的定義 貴重金屬 金、銀、鉑和另外五種鉑類金屬，即銥、鋨、鈀、銠及釕 寶石 鑽石、藍寶石、紅寶石、綠寶石、翡翠和珍珠 貴重資產支持工具 以一件或多於一件貴金屬、寶石或貴重產品支持的、使有關持有人有權享有該等資產（整體或部分）的證明書或工具 任何出自、包含或鑲有貴重金屬及／或寶石的珠寶、手錶、服裝、配件、裝飾或其他製成品，而其價值至少50%來自其貴重金屬及／或寶石 貴重貨品 註冊制度 Two-tier Registration Regime for DPMS in Hong Kong 不會涉及HKD$120,000 現金交易 註冊方式 商業登記證 所有業務處所地址 聲明 通過適當人選評估 反洗錢責任及要求 無須遵守AMLO附表2規定的要求 3年 註冊有效期 B 類註冊 A 類註冊 涉及HKD$120,000或以上 商業登記證 所有業務處所地址 聲明 永久 須遵守AMLO附表2規定的AML/CFT義務 採取風險為本的方針 進行客戶盡職審查 持續監察與客戶的業務 備存紀錄 提交可疑交易報告 內部／獨立審核 員工教育及培訓 違規打擊洗錢條例 不適用 紀律處分包括: 譴責 最高罰款 HKD$500,000 未於270天內有效註冊 最高罰款HKD＄100,000及監禁六個月 服務項目 Service Items 天匯合規為您提供的服務 👉🏻 提供年度合規服務 👉🏻 審查和評估合適人選 👉🏻 度身制定打擊洗錢及恐怖分子資金籌集的政策 制定實施及操作的表格模板 👉🏻 👉🏻 可靠的打擊洗錢軟件介紹 👉🏻 合規培訓課程 👉🏻 獨立審計報告

履歷編輯服務 登入 首頁 關於我們 關於我們 專業團隊 關於我們 專業團隊 服務範圍 證監會法團牌照申請 香港交易所参與者及交易權申請 金錢服務經營者 (MSO) 牌照申請 金錢服務經營者 (MSO) 牌照續牌 保險經紀牌照申請 放債人牌照申請 貴金屬及寶石交易商(DPMS)註冊 持續合規服務 (持牌法團) 網上持續培訓 (CPT) 證監會現場審查 持續合規服務 (保險中介人) MSO 能力評核考試 公司秘書服務 基金設立服務 會計及記帳服務 信託公司註冊 信託或公司服務提供者(TCSP) 牌照申請 萬利雲找換系統 東查查反洗錢/客戶管理系統 eDon AML Transaction Monitoring (TM) System 中國企業查 牌照轉讓 反洗錢獨立審計 內部監控審閱 合規文件定制 放債人的獨立審核職能 人才招聘服務 香港工作簽證 證監會法團牌照申請 香港交易所参與者及交易權申請 金錢服務經營者 (MSO) 牌照申請 金錢服務經營者 (MSO) 牌照續牌 保險經紀牌照申請 放債人牌照申請 貴金屬及寶石交易商(DPMS)註冊 持續合規服務 (持牌法團) 網上持續培訓 (CPT) 證監會現場審查 持續合規服務 (保險中介人) MSO 能力評核考試 公司秘書服務 基金設立服務 會計及記帳服務 信託公司註冊 信託或公司服務提供者(TCSP) 牌照申請 萬利雲找換系統 東查查反洗錢/客戶管理系統 eDon AML Transaction Monitoring (TM) System 中國企業查 牌照轉讓 反洗錢獨立審計 內部監控審閱 合規文件定制 放債人的獨立審核職能 人才招聘服務 香港工作簽證 加入我們 天匯合規合夥人計劃 職位空缺 天匯合規合夥人計劃 職位空缺 參考資料 證券及期貨從業員資格考試自我評估 牌照申請程序 客戶及案例分享 公司及市場發展動向 證券及期貨從業員資格考試自我評估 牌照申請程序 客戶及案例分享 公司及市場發展動向 市場資訊 聯絡我們 Menu Close 香港上環干諾道中168-200號 信德中心西座16樓1605室 電話：+852 3955 0277 電郵：info@complianceone.hk 繁｜ 簡 ｜EN 履歷編輯服務 您的履歷有多重要？ 您的履歷是獲得面試機會最重要的第一步。 為甚麽選擇我們？ 這是因為.... 「我失業了。 「我的工資很低。 「我需要那份工作。」 「我想要那份工作。」 「我正在尋找一個更好的機會。」 「我想升職。」 我們為您定制的英文履歷將是您最佳的求職籌碼。 我們如何優化您現有的履歷？ 我們如何收費？ 我們的服務流程是怎樣的？

The topics discussed in this monthly newsletter for insurance are as follows: ComplianceOne Newsletter – January 2026 The topics discussed in this monthly newsletter are as follows: Regulatory Updates SFC and HKMA jointly consult on standard calculation periods under OTC derivative Clearing Rules SFC directs IPO sponsors to promptly conduct internal reviews to rectify serious deficiencies in the preparation of new listing documents Reminder of statutory obligations during SFC inspections to comply with section 180 of the Securities and Futures Ordinance Market News In Memory of David Webb – a corporate governance activist Forum of Speech SFC and UAE’s Capital Market Authority sign milestone MoU to strengthen cross-border digital asset collaboration Writing the Next Chapter for Hong Kong’s REIT Market- New speech by Alexandra Yeong on HK REITS Cross Agency Steering Group announces Strategic Priorities for 2026-2028 Enforcement News - Intermediaries SFC Reprimands and Fines Saxo Capital Markets HK Limited $4 Million for Failures in Distributing Unauthorised VA-Related Products SFC Suspends WONG Chi Fai for 27 Months and CHOI Sau Wai for 7 Months Over Undisclosed Personal Trading in Suspected Ramp-and-Dump Case Regulatory Updates 1. SFC and HKMA jointly consult on standard calculation periods under OTC derivative Clearing Rules The SFC and HKMA issued a joint consultation on standardizing the calculation periods for each year under the Clearing Rules for over-the-counter (“ OTC ”) derivative regulatory regime. Current Approach to accommodate additional Calculation Periods Since 2016, implementation of the mandatory clearing introduced four Calculation Periods (“ CPD ”) within the Clearing Rules at consistent six-month intervals with aims to: ensure timely identification of new dealers entering the OTC derivative market, or any prescribed persons (e.g. a licensed corporation under the SFC) which have met the Clearing Threshold; mitigate the risk of market participants manipulating their positions during the specific CPDs to avoid clearing obligation; following the consultations in 2018 and 2021, sixteen additional CPDs were incorporated in the Schedule 2. Proposed Approach to accommodate additional Calculation Periods beyond 2026 In assessing the need to adjust the three key elements related to CPDs, namely, (i) the three-month duration, (ii) the frequency of CPDs per calendar year, and (iii) the Prescribed Day (which occurs seven months after the end of each CPD); it is indicated in the observations that two CPDs per calendar year with three-month duration prove to be effective; while maintaining the Clearing Thresholds at USD20 billion. A Summary of the Proposed Approach to the Schedule 2 of the Clearing Rule Calculation Period Clearing Threshold Prescribed Day From 1 March 2027 onwards, 1 March to 31 May in a year USD20 billion 1 January in the following year From 1 March 2027 onwards, 1 September to 30 November in a year USD20 billion 1 July in the following year SIGNIFICANCE: This formulaic approach would provides prescribed persons with certainty that future Calculation Periods can be determined based on the established methodology, without reliance on adding new calculation periods to Schedule 2 to the Clearing Rules from time to time; and will not incur any operational changes the prescribed person have to comply relating to Clearing Rules. 2. SFC directs IPO sponsors to promptly conduct internal reviews to rectify serious deficiencies in the preparation of new listing documents The SFC set forth a circular highlighting the issues related to deficiencies in the preparation of listing documents, potential misconduct and significant mismanagement of resources of over-engagement in new listing applications. Some key takeaways of the deficiencies found: in reviewing recent listing applications, the SFC and SEHK found that some sponsors did not have a thorough understanding of their listing applicants, implying due diligence works on the applicants were not sufficient; strained resources status of the sponsors with over-reliance on external professional parties, while the sponsor principals are not capable of supervising their transaction teams, and the staff team involved is not equipped with requisite knowledge, and experience in IPOs arrangement; In the light of the findings, the SFC and SEHK have come up with the following rectification measures: joint letters were sent to 13 sponsors, requiring them to complete comprehensive reviews within three months on the deficiencies identified as well as the resources status to discharge their sponsor work; requiring all sponsors to submit the followings: - within two weeks, the names and number of appointed Principals and the number of active listing engagements; in order to ensure if the sponsors have adequate resources to carry out the duties; - within one week, a list of individuals engaged in IPO sponsor work and also those who have not yet passed the HKSI LE Paper 16 within three years or within six months after their first engagement in such work; onsite thematic inspections are expected on those concerned principals and sponsors; sponsors providing materially incomplete or unsatisfactory responses to the regulators, the vetting process may be suspended; engaged individuals who do not meet the eligibility criteria are now subject to tightened examination requirements; SIGNIFICANCE: The deficiencies findings reveal the facts that licensed corporations are thinning out their resources and straining personnel competence for undertaking business which they are not so well-acquainted or financial capable to handle. In the eyes of the regulators, as Ms. Julia Leung has said, “ The gatekeeping role of sponsors in the listing process is critical to maintaining the quality of Hong Kong’s capital market and sustaining investor confidence in new listings that will hold up through all market cycles. That role may have been eroded in their eager pursuit of deal volume . ” 3. Reminder of statutory obligations during SFC inspections to comply with section 180 of the Securities and Futures Ordinance The SFC found in its routine inspections that some licensed corporations (“ LC ”) engaged in unsatisfactory practices and behaviours which appeared to stem from a misunderstanding of the SFO or a lack of awareness regarding the LCs’ statutory obligations. According to the section 180 of the SFO “ Supervision of intermediaries and their associated entities”, it empowers the SFC to supervise licensed intermediaries and their associated entities by entering premises, inspecting records, and making inquiries to ensure compliance with financial and conduct requirements like onsite inspections. What are the malpractices of the findings by SFC? obstructing inspection arrangements: e.g. intending to postpone and delay; disputing the inspection without good reason: arguing over the areas and scope of samples evading responses: delaying in responses and providing misleading information; submitting false/distorted information: providing information which is ambiguous, inaccurate; actively disrupting the inspection process: intentionally disrupting the inspection process; unprofessional conduct toward inspectors: adopting an uncooperative attitude to take the inquiries seriously. Expected Standards & Statutory Obligations of LCs toward the SFC access to information & answers: LC should provide access to records / documents as required under section 180 of the SFO; maintenance & retrieval of records: maintain proper business records at all times for ready retrieval to SFC as required under Securities and Futures (Keeping of Records) Rules; availability of Responsible Officers (ROs): ensuring two ROs for each regulated activities and their availability during SFC visits; fitness & properness of LCs: adhering to the General Principles stated in the Code of Conduct for licensed persons; engagement of external representative: the LCs should realize their ultimate accountability and responsibilities to SFC for any information provided by outsourced external representatives on their behalf. Consequence of failure to cooperate or non-compliance The SFC takes any breaches of section 180 of the SFO seriously, and will not hesitate to exercise its powers under the SFO to take appropriate regulatory actions, such as: Supervisory interventions, which may include, but not limited to: imposing conditions on the LC to limit its business of regulated activities, e.g. no onboarding of new clients; fully evaluating the fitness and properness of the LC and its management personnel Enforcement actions, which may include, but not limited to: initiating criminal proceedings for contravention of the stipulated requirements; taking appropriate disciplinary actions; SIGNIFICANCE: As a licensed corporation, together with its licensed persons like Responsible Officers, licensed representatives, should bear in mind and get acquainted with not only the codes and guidelines which governing their behaviours to certain expected standards, a cooperative attitude in collaboration with the SFC upon any requests or inquiries should be ascertained to express their competence and fitness to remain licensed. Market News 4. In Memory of David Webb – a corporate governance activist David Webb was a renowned Hong Kong-based corporate governance activist, and an investor, who contributed his long-devoted efforts in advocating transparency in the stocks market, with his valuable research work and findings. David’s Key Roles and Contributions As an activist investor and market watchdog: the most well-known contribution was his publication of a list of " 50 Hong Kong stocks not to own " on 15 May 2026, within which he highlighted some bubble stocks subject to SFC concentration risk warnings, and aroused alerts to investors to stay away from these troubled stocks. His devoted efforts to advocate for greater transparency and improved corporate/economic governance; always known as one of Hong Kong's most vocal activist investors, and his investigations into corporate misconducts triggered regulatory concerns. He always stood out with brave to safeguard the interests of retail investors at large against non-performing managements of the listed stocks. As Founder of Webb-site.com : David moved to Hong Kong in 1991 as an investment banker, taking advantage of his professional insights, he founded the Webb-site.com w hich was a free online platform providing stock market news, data, and analyses for market participants. Appraises to this data base is considered as “second to none”! Later Years and Legacy Diagnosed with metastatic prostate cancer in 2020, David scaled down his research work. He passed away peacefully on January 13, 2026, at age 60 in Hong Kong, survived by his wife and two children. And in February 2026, the closure of Webb-site.com was announced and public release of its database, putting an end to David’s legend. RIP: David's enduring impact lies in his fearless market oversight through Webb-site.com , persistence in upholding the transparency in Hong Kong's financial markets; and most praised for his endeavour to speak for the retail investors! Forum of Speech 5. SFC and UAE’s Capital Market Authority sign milestone MoU to strengthen cross-border digital asset collaboration The SFC has entered into a landmark Memorandum of Understanding ( MoU ), with and the Capital Market Authority (“ CMA ”) of the United Arab Emirates ( UAE ), earmarking a further commitment to promoting international cooperation under its ASPIRes Roadmap . Key takeaways of the comments on the MOU from senior executives in the forum an unprecedented collaboration with overseas regulator with mutual consultation, information exchange to enhance cross-border regulatory cooperation on digital asset-related matters; an industry roundtable on digital asset innovation between the SFC and the CMA senior executives from the digital asset industry to discuss on the digital asset ecosystem; upholding a shared objective to enable responsible innovation while upholding market integrity and strong investor protection; the MoU provides support for responsible financial innovation for HK and UAE in fostering sustainable growth of HK’s vibrant and secure digital asset ecosystem; SIGNIFICANCE: This MoU marks an emblem in transnational financial collaboration, positioning Hong Kong and the UAE as progressive, well-regulated digital asset hubs. It demonstrates a mutual commitment to responsible innovation, enhanced supervisory coordination, and the establishment of global standards that underscore transparency, integrity, and investor confidence in the digital asset ecosystem. 6. Writing the Next Chapter for Hong Kong’s REIT Market- New speech by Alexandra Yeong on HK REITS In as speech delivered in a luncheon by Ms. Alexandra Yeong, Interim Head, Investment Products, at the Hong Kong REITS Association (“ HKREITA ”) provides a comprehensive overview of the future trajectory of Hong Kong’s REIT market, and the roles of the regulator in navigating the development. Some key takeaways for the readers Enhancing market competitiveness and regulation a wide range of new measures have been launched to attract new REIT listings, enhance market liquidity, broaden investor base and facilitate secondary offering with an ultimate aim to fostering the growth of REIT market in HK, including: Grant scheme and stamp duty waiver (i) extend the grant scheme for REITs for three years to MAY 2027 (ii) to waive the stamp duty for the transfer of REIT units since DEC 2024 REIT Connect (i) REIT Connect is expected to significantly increase our REIT market liquidity and broaden investor base, and a number of local and overseas REIT issuers have already expressed interests in launching their REITs in Hong Kong upon the launch of REIT Connect. (ii) Rapid growth and diversification in the China Mainland REIT (“C‑REIT”) market, including an international-sponsored retail C‑REIT; this signified a key milestone in the internationalization and diversification of the C-REIT market and offered a model for greater offshore participation in the massive market. (iii)The SFC further assured that early implementation of this major initiative remains a top priority. New REIT Channel and streamlined measures (i) A dedicated “REIT Channel” be launched in October allowing new REIT applicants to consult the SFC confidentially on listing applications, (ii) The SFC has also streamlined its authorization process so that, under normal circumstances, new REIT applications can be approved within four weeks from take-up. (iii) For secondary offerings, documentary requirements have been streamlined so that documents focus on offer-specific information, without the need for any updated portfolio valuations or accountants’ reports on condition that ongoing disclosure and reporting requirements are already in place, thus shortening preparation time and enhancing time-to-market. Facilitating corporate activities and privatization (i) Following an October 2024 consultation, the proposal of the Government and SFC to introduce a statutory scheme of arrangement and compulsory acquisition mechanism for REITs; with an aim to facilitate Hong Kong REITs to expand through mergers and acquisitions and to conduct privatization and corporate restructuring in a clear and orderly manner, while strengthening investor protection. Strengthening global partnerships and international collaboration Beyond REIT Connect, the SFC has also been engaging with other international markets like Saudi Arabia to explore more potential collaboration opportunities, there were also bilateral meeting on exchanging views on dual listing of investment products such as ETFs and REITS. SIGNIFICANCE: As a concluding remark, Ms. Alexandra Yeong reinstated that “ the SFC will continue to work closely with the Government, industry participants and all stakeholders to foster the growth of the Hong Kong REIT market, and reinforce its position as a trusted platform for capital formation and long-term value creation. ” 7. Cross Agency Steering Group announces Strategic Priorities for 2026-2028 In the 12 th meeting in Jan 2026, the Green and Sustainable Finance Cross‑Agency Steering Group (“ Steering Group ”) set out its strategic priorities for 2026-2028 to further strengthen Hong Kong’s role as a competitive and future‑ready sustainable finance centre. Built on the solid foundation of the 2023-2025 plan, the Steering Group’s strategic priorities for the next three years are anchored around two key pillars : (1) Consolidate and strengthen efforts to solidify Hong Kong as a sustainable finance centre through: strengthening the sustainability disclosure ecosystem, and the effective use of technology; expanding and deepening sustainable finance markets; strengthening external engagement; supporting talent development with capacity building initiatives (2) Develop Hong Kong’s strengths in emerging areas scaling transition finance with practical guidance, using tools and reference to case studies; while encouraging wider industry adoption of transition planning; supporting adaptation finance by building market readiness, identifying capability gaps, and supporting product innovation and development, while strengthening physical risk assessment capabilities. SIGNIFICANCE: Comments from the CEO of SFC, Ms. Julia Leung, and Chief Executive of the HKMA, Mr. Eddie Yue highlighted the significance of these updated 2026-2028 priorities: l underscore the ongoing commitment to ensuring Hong Kong remains globally aligned, forward‑looking, and responsive to market needs. l reinforce the groundwork for building a robust sustainable finance ecosystem, while positioning Hong Kong to capture the emerging opportunities in Asia’s transition to a low-carbon and climate-resilient economy Enforcement News - Intermediaries 8. SFC Reprimands and Fines Saxo Capital Markets HK Limited $4 Million for Failures in Distributing Unauthorised VA-Related Products On 6 January 2026, the SFC reprimanded and fined Saxo Capital Markets HK Limited (CE: AVD061 ) (“ SCMHK ”) $4 million for significant regulatory breaches related to the distribution of virtual asset (“ VA ”) funds not authorised by the SFC and VA-related products (collectively “ VA Products ”) on its online trading platform (the “ Online Platform ”). SCMHK ceased carrying on regulated activities on 28 February 2025* Relevant Period and Key Breaches (1 November 2018 to 25 November 2022) : During this over four-year period, SCMHK permitted retail clients to trade 32 VA Products on the Online Platform, executing 1,446 transactions involving six individual professional investors (“ PIs ”) and 130 retail clients. All products were complex, including 21 exchange-traded derivative VA Products. These VA Products should only have been offered to PIs per the SFC's 2018 Circular (" Distribution of virtual asset funds ") and 2022 Joint Circular (" Joint circular on intermediaries’ virtual asset-related activities "). SCMHK failed to: Assess clients' knowledge of investing in VA Products; Provide sufficient VA-specific information and warning statements; Implement specific product due diligence procedures for VA Products (relying instead on deficient group-level protocols from its parent company that failed to identify VA exposure); Ensure adequate policies and controls to supervise the Online Platform and meet regulatory standards for VA Product distribution; Confirm suitability of complex VA Product transactions for clients; Provide sufficient details on the nature, features, and risks of VA Products, along with appropriate warnings; For 87 clients (82 retail and five individual PIs) trading the 21 exchange-traded derivative VA Products, conduct adequate enquiries or gather sufficient information to assess derivatives knowledge and characterise clients accordingly. For more details of the background, please refer to the Statement of Disciplinary Action . SIGNIFICANCE: In determining the sanction, the SFC considered mitigating factors, including the prolonged nature of the failures (over four years), SCMHK's self-reporting of misconduct, voluntary client compensation for losses from VA Product trading, cessation of regulated activities, full cooperation with the SFC (accepting findings and facilitating early resolution), and its otherwise clean disciplinary record. This action represents a landmark enforcement in Hong Kong's regulation of virtual assets, marking one of the first major fines against a licensed intermediary for breaches in VA Product distribution. It underscores the SFC's strict expectations for robust due diligence, suitability assessments, client knowledge checks, and platform supervision in handling complex and high-risk VA Products, particularly in online environments. Even with remediation and cooperation, the substantial fine highlights zero tolerance for prolonged failures that expose retail investors to unauthorised products, reinforcing the need for intermediaries to align controls with evolving SFC guidance on virtual assets to protect investors and maintain market integrity. 9. SFC Suspends WONG Chi Fai for 27 Months and CHOI Sau Wai for 7 Months Over Undisclosed Personal Trading in Suspected Ramp-and-Dump Case On 26 January 2026, the SFC announced disciplinary actions against two licensed representatives involved in serious breaches related to undisclosed personal securities trading. The cases are interconnected, arising from an SFC investigation into a suspected Ramp-And-Dump Scheme (唱高散貨). Participants of the Case Mr WONG Chi Fai (Principal Offender) Mr WONG Chi Fai (" WONG "), a former licensed representative for Type 1 and Type 2 regulated activities, suspended for 27 months from 23 January 2026 to 22 April 2028. WONG’s actions circumvented staff dealing policies, prevented effective monitoring of frequent day trading and short-term margin trading, and demonstrated wilful and dishonest conduct. Ms CHOI Sau Wai (Facilitator) Ms CHOI Sau Wai (" CHOI "), a former licensed representative for Type 1 and Type 2 regulated activities, suspended for seven months from 23 January 2026 to 22 August 2026. CHOI’s conduct exposed the client to risks from WONG’s personal trading, exposed GSSL to potential liability if the client disputed the trades, and hindered the firm’s compliance obligations. Key Breaches Name Timeline Key Breach Remarks WONG Chi Fai July 2019 to January 2022 At Fulbright Securities Limited and Fulbright Futures Limited : Conducted approximately 1,300 securities transactions worth $670 million in a securities account held in the name of his relative at Glory Sun Securities Limited (“ GSSL ”, formerly China Goldjoy Securities Limited), without disclosure or approval. Repeatedly falsely declared to Fulbright that he had no beneficial interest in external securities accounts. January 2015 to December 2018; with concealment from May 2011 At Open Securities Limited (OSL, formerly TC Concord Securities Limited): Executed approximately 10,000 personal trades worth $2.8 billion through another relative-held account without required approval, making false declarations to conceal his financial interest and control. CHOI Sau Wai October 2019 to January 2022 Knowingly allowed and facilitated WONG to operate and execute personal trades in a client’s securities account at GSSL without the client’s written authorisation or written consent from WONG’s employer (“ Fulbright ”). This enabled the 1,300 transactions worth $670 million over more than two years, breaching GSSL’s internal policies and the Code of Conduct for Persons Licensed by or Registered with the SFC. For more details of the background, please refer to the: Statement of Disciplinary Action - WONG Chi Fai ; and Statement of Disciplinary Action - CHOI Sau Wai . SIGNIFICANCE: These linked enforcement actions underscore the SFC’s strong commitment to addressing undisclosed personal trading and unauthorised account access, especially when such conduct may facilitate market manipulation schemes like ramp-and-dump. WONG’s multi-firm, long-term misconduct and CHOI’s knowing facilitation in a client account highlight critical lapses in staff dealing controls, disclosure obligations, and intermediary supervision. The differentiated suspension periods, longer for the primary actor and shorter for the facilitator, reflect a proportionate yet firm response, reinforcing that licensed persons must strictly comply with authorisation requirements, accurate declarations, and employer policies. This serves as a clear deterrent to dishonest behaviour that jeopardises client protection, firm compliance, and overall market integrity. [End of ComplianceOne Newsletter – January 2026] For more details, please click on the title of the topic above. ================================= ~ Make It Right Today, Better Tomorrow ~ ================================= The Newsletter is for general information purpose only and is not intended to constitute legal or other professional advice. For enquiries, please email to support@complianceone.hk or WhatsApp us at (852) 95164607 . Unit 1104, 11/F, 299QRC, 287-299 Queen's Road Central, Sheung Wan, Hong Kong Tel: (852) 39550277 www.complianceone.hk

The topics discussed in this monthly newsletter for insurance are as follows: ComplianceOne Insurance Newsletter – February 2026 The topics discussed in this monthly newsletter are as follows: Regulatory Updated Anti-Money Laundering and Sanctions Updates Market News Hong Kong’s Single-Family Offices total surpasses 3,380, Contributing Approximately $12.6 Billion Annually to Hong Kong’s Economy IA Launches Public Consultation on Enhancements to the Risk-based Capital Regime Enforcement News IA Reprimands and Fines Three Licensed Broker Companies HK$429,000 Total for Failures in AML/CFT Requirements Regulatory Updated 1. Anti-Money Laundering and Sanctions Updates In early March 2026, the Insurance Authority (“ IA ”) issued several key circulars and updates on anti-money laundering (“ AML ”) and counter-financing of terrorism (“ CFT ”) matters, accessible via the dedicated IA page for 2026 AML circulars. These updates primarily relate to international sanctions regimes, United Nations measures, and Financial Action Task Force (“ FATF ”) guidance, requiring prompt attention from authorized insurers and licensed insurance intermediaries (especially those handling long-term business). Circulars / Sanction List Updates Contents 3 March 2026 Circular on United Nations (Anti-Terrorism Measures) Ordinance [G.N. (E.) 11 of 2026] Significant Updates: The updated Schedule specifies the following individuals (no entities or groups are added in this update): QDi.001: Mohammed Salahaldin Abd El Halim Zidane , who’s Responsible for security of Usama bin Laden. QDi.002: Amin Muhammad Ul Haq Saam Khan , who’s Security coordinator for Usama bin Laden. QDi.003: Salim Ahmad Salim Hamdan , who’s supporting acts or activities of Al-Qaida and Usama bin Laden. These designations trigger asset freezing, prohibitions on making funds or financial services available, and other restrictions under the Ordinance. 3 March 2026 Circular on Statements issued by the Financial Action Task Force (" FATF ") Informs insurance institutions (“ IIs ”) of the FATF Plenary outcomes (11–13 February 2026), including: High-Risk Jurisdictions subject to a Call for Action : DPRK (Democratic People's Republic of Korea) and Iran remain listed due to ongoing strategic deficiencies and proliferation/terrorism financing risks; countermeasures and enhanced vigilance required. Myanmar continues under enhanced due diligence with potential future countermeasures if no progress by June 2026. Jurisdictions under Increased Monitoring : IIs must factor these into risk assessments and monitor the FATF website for changes. Where the Virgin Islands (UK) (BVI) still remain in the list. Emerging focus areas: Cyber-enabled fraud, virtual assets, offshore VASPs, stablecoins, and unhosted wallets (with related FATF reports expected in March 2026). 2 March 2026 United Nations Sanctions (Sudan) Regulation 2013 [G.N. (E.) 10 of 2026] Significant Updates: United Nations Sanctions (Sudan) Regulation 2013 (Cap. 537 sub. leg. BF), notice updates the list of relevant persons specified under section 31 of the Regulation. It reflects amendments or additions to designations related to Sudan sanctions (imposed by UN Security Council resolutions concerning the situation in Sudan, including arms embargoes, asset freezes, and travel bans on certain individuals or entities linked to conflict or violations). 2 March 2026 Updated list of relevant persons and entities under the United Nations Sanctions (ISIL and Al-Qaida) Regulation Features the latest consolidated list (as at 27 February 2026) of designated individuals and entities linked to ISIL (Da'esh) and Al-Qaida; Insurers and intermediaries must screen clients and transactions against this list to avoid sanctions violations. SIGNIFICANCE: These updates reinforce Hong Kong's alignment with global standards set by the FATF and UN, helping to safeguard the insurance sector against money laundering, terrorism financing, and proliferation risks. Insurance companies, agents, and brokers need to be aware of immediately updating their name screening databases to include the latest UN Security Council Consolidated List, FATF High-Risk Jurisdictions subject to a Call for Action, and FATF Jurisdictions under Increased Monitoring, while conducting enhanced due diligence on high-risk elements, incorporating emerging risks into assessments, and ensuring staff training for ongoing compliance. Timely compliance is essential to avoid regulatory breaches, reputational damage, or enforcement actions by the IA. With increasing scrutiny on virtual assets and cyber fraud, these notices underscore the need for robust screening, risk assessment, and staff training to maintain policyholder protection and industry integrity in an evolving threat landscape. Markets News 2. Hong Kong’s Single-Family Offices total surpasses 3,380, Contributing Approximately $12.6 Billion Annually to Hong Kong’s Economy On 10 February 2026, the Financial Services and the Treasury Bureau (“ FSTB ”) and Invest Hong Kong (“ InvestHK ”) jointly released findings from the Market Study on the Family Office Landscape in Hong Kong , commissioned by InvestHK and conducted by Deloitte. The study estimates that 3,384 single-family offices were operating in Hong Kong as of the end of 2025, marking an increase of 681 offices (over 25%) since the end of 2023. Two major affects to the Hong Kong Market: Economic Impact: Single-family offices contribute approximately HK$12.6 billion annually to the local economy through operating expenditures alone and directly employ over 10,000 full-time professionals. When including multifamily offices and supporting service providers, the overall economic benefits are expected to be substantially greater. Hong Kong’s Wealth Management Position: As of end-2024, assets under management in Hong Kong reached approximately HK$35 trillion (about US$4.5 trillion). The city ranked second globally in the number of ultra-high-net-worth individuals as of June 2025, reinforcing its status as a leading destination for family offices. Key highlights from the announcement and study: Upcoming measures in 2026 Upcoming measures include legislative proposals in the first half of 2026 to expand preferential tax regimes for funds and single-family offices to cover additional asset classes such as precious metals, loans, private credit investments, and digital assets. Achieving the new target set out in the Chief Executive's 2025 Policy Address The Government aims to assist more than 220 family offices to establish or expand in Hong Kong from 2026 to 2028. *The target was set out in the Chief Executive's 2025 Policy . Comments from Representatives of FSTB and InvestHK Mr Christopher HUI, Secretary for Financial Services and the Treasury, attributed the sustained growth to Hong Kong’s advantages under the “one country, two systems” framework, including its role as a leading global asset and wealth management hub with predictable environment, connectivity to the mainland and the world, and supportive policies. Ms Alpha LAU, Director-General of Investment Promotion at InvestHK, highlighted strong overseas interest (particularly from Europe and Southeast Asia) in Hong Kong’s flexible investment environment, no geographical restrictions on investments under the preferential tax regime, high privacy (no general licensing requirement for single-family offices), and tax incentives. SIGNIFICANCE: The surge in single-family offices underscores Hong Kong’s strengthened position as Asia’s premier wealth and asset management hub, attracting diverse global capital through targeted policy enhancements, tax competitiveness, privacy protections, and strategic connectivity. The substantial annual economic injection of HK$12.6 billion (via operating expenditures) and direct employment of over 10,000 professionals highlight the sector’s growing role in driving local financial services growth, job creation, and broader ecosystem development. With forthcoming tax expansions (including digital assets) and ambitious growth targets, these developments reinforce Hong Kong’s appeal to ultra-high-net-worth families amid global shifts toward sustainable wealth management and intergenerational planning, further solidifying its status as a trusted international financial centre. 3. IA Launches Public Consultation on Enhancements to the Risk-based Capital Regime On 11 February 2026, the IA launched a public consultation on proposed amendments to the Insurance (Valuation and Capital) Rules (Cap. 41R) , applied for authorized insurers only (excluding licensed insurance agencies and licensed insurance broker companies). This follows a comprehensive review of the Risk-based Capital (“ RBC ”) Regime, which commenced on 1 July 2024. The proposed changes seek to refine the framework while preserving strong prudential safeguards for policyholders. Key areas include: Preferential capital treatment for eligible infrastructure investments, to encourage financing that supports local economic development. Revisions to the required capital amounts for general business lines. Technical adjustments for indexed universal life (“ IUL ”) business. Specific treatments for crypto assets (with a proposed 100% risk charge in related discussions) and specified stablecoins, reflecting evolving exposures to digital assets. These refinements aim to enhance Hong Kong’s position as a competitive global risk management hub, attract more international activity, and align capital requirements with market innovations and emerging asset classes. The consultation paper is available on the IA website. Interested parties, including insurers, intermediaries, industry associations, and the public, are invited to submit comments by 10 March 2026 via: email to rbc@ia.org.hk ; or by post to the IA office at 19/F, 41 Heung Yip Road, Wong Chuk Hang, Hong Kong. SIGNIFICANCE: This consultation represents a forward-looking adjustment to the RBC Regime, balancing innovation with stability. By incentivizing infrastructure investments and clarifying treatment of modern assets like crypto and stablecoins, the proposals support Hong Kong’s strategic goals in sustainable development and digital finance. They also reinforce the city’s attractiveness to multinational insurers and investors, while ensuring continued robust protection for policyholders amid global regulatory evolution. Industry participants are encouraged to engage actively to shape these important enhancements. Enforcement News 4. IA Reprimands and Fines Three Licensed Broker Companies HK$429,000 Total for Failures in AML/CFT Requirements On 4 March 2026, the IA announced disciplinary action against three licensed insurance broker companies for breaches of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance ( Cap. 615 ). The affected companies are: Insurance Broker Companies’ Name License Number ASI-Union Global Assets Management Ltd. FB1534 Macroscopica International Wealth Management Ltd. FB1557 Bay Union Insurance Brokers Limited (formerly known as Huize Hong Kong Insurance Broker Limited) FB1661 The contraventions include: Failure to establish and maintain effective internal procedures for conducting customer due diligence (“ CDD ”). Failure to determine whether customers were politically exposed persons (“ PEPs ”) or whether a person was purporting to act on behalf of the customer. Failure to keep relevant records as required. In addition to the companies, three related individuals were reprimanded for their involvement in these compliance failures. The total pecuniary fine imposed across the three broker companies amounts to HK$429,000. The IA noted that the companies have since implemented effective remedial actions to address the identified deficiencies. SIGNIFICANCE: No evidence of actual money laundering or terrorist financing was reported in connection with these cases, but the breaches highlight gaps in frontline controls that could expose the insurance sector to misuse. Broker companies play a critical role as the primary point of contact with policyholders and are essential in preventing the insurance industry from being exploited for financial crime, thereby protecting Hong Kong's reputation as an international financial centre. This enforcement action reinforces the IA's ongoing priority on robust AML/CTF compliance among insurance intermediaries, particularly broker companies. As intermediaries interact directly with clients, effective CDD, PEP screening, and record-keeping are foundational to preventing financial crime and maintaining trust in Hong Kong's insurance market. The penalties serve as a reminder that even post-remediation cooperation does not eliminate accountability for systemic control weaknesses. With increasing regulatory scrutiny on financial crime risks, licensed entities are urged to review and strengthen their AML/CTF frameworks to avoid similar outcomes, including potential reputational damage, higher supervisory intensity, or escalated sanctions in future cases. [End of ComplianceOne Insurance Newsletter – February 2026] For more details, please click on the title of the topic above. ================================= ~ Make It Right Today, Better Tomorrow ~ ================================= The Newsletter is for general information purpose only and is not intended to constitute legal or other professional advice. For enquiries, please email to support@complianceone.hk or WhatsApp us at (852) 95164607 . Unit 1605, 16/F, West Tower, Shun Tak Centre,168-200 Connaught Road Central, Sheung Wan, Hong Kong Tel: (852) 39550277 www.complianceone.hk

The topics discussed in this monthly newsletter for insurance are as follows: ComplianceOne Insurance Newsletter – January 2026 The topics discussed in this monthly newsletter are as follows: Market News HKFI Reports Interest from Insurers in Re-domiciling to Hong Kong IA Reports High Claims Settlement Progress for Wang Fuk Court Fire Incident (宏福苑火災) with 85% of Claims Processed IA Hosts Panel Discussion on Marine Insurance Opportunities as Hong Kong Strengthens Its Maritime Hub Status IA Statistics Show 32.5% Growth in Total Gross Premiums in first three quarters of 2025 Enforcement News Hong Kong Police Arrest Four Suspects in Connection with 22 Suspected Staged Traffic Accidents Involving Insurance Fraud Market News 1. HKFI Reports Interest from Insurers in Re-domiciling to Hong Kong On 15 January 2026, the Hong Kong Federation of Insurers (“ HKFI ”) indicated that around three insurance companies, primarily those registered in Bermuda, have expressed interest in re-domiciling to Hong Kong under the company re-domiciliation regime introduced in May 2025. This follows successful precedents set by major insurers. The legislation for implementation of company re-domiciliation regime, passaged on 14 May 2025, and gazetted on 23 May 2025 (See Companies (Amendment (No.2) Bill 2024 – Progress of the bill ) Manulife International Life Insurance (Hong Kong) Completed its re-domiciliation from Bermuda to Hong Kong in December 2025, becoming the first insurer to do so. Notice of Re-domiciliation Completion - Manulife AXA China Region Insurance Company (Bermuda) Limited Announced its successful re-domiciliation to Hong Kong on 26 January 2026, effective immediately, and was renamed AXA China Region Insurance Company (Hong Kong) Limited (安盛金融保險（香港）有限公司). The process aligned with the regime, reinforcing AXA's long-term commitment to the Greater China region. AXA plans to update its Macau branch name in the week starting 2 February 2026. Notice of Re-domiciliation Completion - AXA SIGNIFICANCE: The re-domiciliation benefits include streamlined regulatory compliance (e.g., avoiding dual Bermuda and Hong Kong requirements), simplified financial reporting, and enhanced alignment with Hong Kong's stable regulatory environment. The growing interest from approximately three additional insurers, combined with completed re-domiciliations by Manulife and AXA, demonstrates Hong Kong's increasing attractiveness as a domicile for international insurance groups amid global economic shifts. 2. IA Reports High Claims Settlement Progress for Wang Fuk Court Fire Incident (宏福苑火災) with 85% of Claims Processed On 3 February 2026, the Insurance Authority (“ IA ”) announced that around 85% of insurance claims arising from the fire at Wang Fuk Court have been successfully settled. The IA has been actively coordinating with insurers and monitoring the claims handling process since the incident to support affected policyholders. Key statistics: Total claims processed 1,032 (representing 85% of all claims), involving nearly HK$510 million in settlements. General insurance claims 1,030 total claims; 863 settled (84%), amounting to approximately HK$450 million. Long-term insurance claims 188 total claims; 169 settled (90%), amounting to approximately HK$60 million. The remaining unsettled claims primarily require on-site inspections and detailed damage assessments. The IA continues to follow up closely with the Hong Kong Federation of Insurers to ensure fair and efficient resolution in line with the principle of treating customers fairly. Mr Clement Cheung, Chief Executive Officer of the IA, stated: “The IA is aware that a majority of claims have been successfully settled based on the principle of treating customers fairly, and the remaining claims call for on-site inspections and damage assessments. We will continue to follow up actively with the Hong Kong Federation of Insurers.” 3. IA Hosts Panel Discussion on Marine Insurance Opportunities as Hong Kong Strengthens Its Maritime Hub Status On 26 January 2026, the IA organized a panel discussion at the Asian Financial Forum (“ AFF ”) titled "Charting Future Seas: Hong Kong's Maritime Development Opens New Blue Oceans for the Insurance Industry." The session, held during the AFF, explored how Hong Kong's development as an international maritime hub creates opportunities for marine insurance. The AFF serves as Asia's premier exchange platform, bringing together global leaders from government, finance, and business to discuss the global economy from an Asian perspective. The discussion was moderated by Mr. LIU Zhongjian, Executive Director (Policy and Legislation) of the IA. He emphasized that marine insurance is an indispensable element supporting Hong Kong's status as an international financial, shipping, and trading center. In the context of a complex and changing global trade landscape, Hong Kong's marine insurance sector needs to adopt a more strategic and forward-looking approach. Panel experts identified three key elements for promoting sustainable development in marine insurance: Cultivating talent to ensure a stable and continuous supply of professionals in marine risk management. Addressing technological innovations in shipping and digitalization of global supply chains to maintain competitiveness. Enhancing synergies among diverse services within Hong Kong's marine insurance ecosystem. For more details on the AFF agenda and the IA's panel are available on the Asian Financial Forum website . SIGNIFICANCE: This panel underscores the IA's proactive role in positioning Hong Kong as a leading maritime and marine insurance hub amid evolving global trade dynamics. By focusing on talent, technology, and ecosystem collaboration, the initiative aims to unlock new growth avenues for the insurance industry, enhance risk management capabilities in shipping and trade, and align with national strategic priorities. It reflects Hong Kong's commitment to diversifying its financial services beyond traditional sectors and capitalizing on its strategic location to attract international marine insurance business. 4. IA Statistics Show 32.5% Growth in Total Gross Premiums in first three quarters of 2025 On 23 January 2026, the IA published the provisional statistics for the first three quarters of 2025 (January to September 2025). The data reflects robust performance across both long-term and general insurance sectors, with total gross premiums reaching HK$6,370 billion, representing a significant year-on-year increase of 32.5%. Long Term Business (excluding retirement scheme business) : New office premiums surged 55.9% to HK$2,645 billion, driven primarily by non-linked individual business at HK$2,515 billion (up 55.2%). Within this, participating business rose 60.1% to HK$2,263 billion. Linked individual business increased 75.7% to HK$127 billion. Approximately 50,000 qualifying deferred annuity policies were issued, contributing HK$32 billion (1.2% of individual business total). In-force long-term business revenue premiums totaled HK$5,541 billion (up 36.6%), with claims and benefits paid amounting to HK$2,794 billion (up 3.4%). Total long-term assets grew to HK$52,841 billion, with net assets at HK$7,317 billion. General Business : Gross premiums reached HK$829 billion (up 10.5%), net premiums HK$560 billion (up 8.3%). Claims paid totaled HK$380 billion (down 0.9%). Overall operating profit stood at HK$101 billion (up 50.5%), supported by underwriting profit of HK$35 billion (up 63%). Direct business and reinsurance segments both showed positive growth and profitability trends. For more details, please refer to the summary of the provisional statistics is at Annex . SIGNIFICANCE: These provisional figures demonstrate the resilience and strong momentum of Hong Kong's insurance sector in 2025, with substantial growth in new business premiums and overall premiums. The performance highlights increasing demand for protection-oriented and participating products, reinforcing Hong Kong's position as a leading insurance hub in Asia. The data also provides valuable insights for insurers, intermediaries, and policyholders on market trends ahead of full-year 2025 results. Full details, including annex summaries, are available on the IA website. Enforcement News 5. Hong Kong Police Arrest Four Suspects in Connection with 22 Suspected Staged Traffic Accidents Involving Insurance Fraud Hong Kong Police have arrested four individuals (three men and one woman, aged 37 to 69) on suspicion of conspiracy to defraud related to 22 staged or falsified traffic accidents. The arrests occurred in early February 2026 as part of an investigation into a multi-year "crash-for-cash" insurance fraud operation. (Source: South China Morning Post) Key details of the Case Among the arrested are a married couple alleged to be central to the scheme, who reportedly posed variously as drivers, passengers, or pedestrians struck by private cars or taxis over a period of four to five years. Two local doctors were also detained in connection with the case, suspected of involvement in facilitating false claims. A taxi registered to the wife was impounded during the operation. All four suspects remain in custody while investigations continue. Police have linked these incidents to broader concerns over organized insurance fraud, including exaggerated or fabricated injury claims submitted to insurers for compensation payouts. The Stage Traffic Accidents Scheme in Hong Kong This development coincides with a recent surge in reported traffic-related scams, with over 100 suspected cases now under review (including referrals from the insurance industry and public reports). Some involve minor bumps, no collisions, or delayed high-value civil claims, often involving repeated claimants, shared law firms, or medical providers. Authorities, including the HKFI have warned drivers and insurers to remain vigilant and report suspicious patterns promptly. SIGNIFICANCE: Staged traffic accidents represent a persistent and evolving threat to Hong Kong’s insurance sector, contributing to inflated motor insurance claims, higher premiums for honest policyholders, and erosion of market trust. This recent crackdown demonstrates proactive law enforcement collaboration to disrupt organized syndicates, which often involve coordinated roles across drivers, medical professionals, and claimants. Insurers are encouraged to strengthen fraud detection through enhanced verification of claims (e.g., reviewing patterns in injury reports, late filings, or repeat participants), internal controls, and referral of suspicious cases to police. The arrests underscore the financial and reputational risks of such misconduct, reinforcing the need for robust anti-fraud measures amid rising "new-generation" variants of crash-for-cash schemes. [End of ComplianceOne Insurance Newsletter – January 2026] For more details, please click on the title of the topic above. ================================= ~ Make It Right Today, Better Tomorrow ~ ================================= The Newsletter is for general information purpose only and is not intended to constitute legal or other professional advice. For enquiries, please email to support@complianceone.hk or WhatsApp us at (852) 95164607 . Unit 1605, 16/F, West Tower, Shun Tak Centre,168-200 Connaught Road Central, Sheung Wan, Hong Kong Tel: (852) 39550277 www.complianceone.hk