HKIA CPD Compliance Reporting 2024

On Jun. 7, HKIA issued letter regarding CPD compliance reporting.

  • HKIA issued letters outlining CPD requirements for the assessment period 2023/2024.
  • Follows HKIA May 2024 issued letter to CEOs on new CPD requirements, see #173888.
  • Requirements
  • Deadline for individual licensees to complete CPD hours is Jul. 31, 2024; deadline for individual licensees to submit CPD declarations to HKIA is on Sep. 30, 2024.
  • Deadline for appointing principals to report CPD compliance status to HKIA is Oct. 31.
  • Individual licensees and appointing principals can view and manage CPD hours and compliance status via their Insurance Intermediaries Connect (IIC) accounts.
  • Licensees can submit CPD declarations directly via IIC or through appointing principals.
  • Those who fail to comply may face fines, suspension, or revocation of license.

Regulators HKIA
Entity Types Ins
Reference Cir MC/CPD/CIR, 6/7/2024
Functions Compliance; Financial; HR; Legal; Reporting; Training
Countries Hong Kong
Products Insurance; Insurance-Casualty; Insurance-Health; Insurance-Life; Insurance-Property
Regions AP
Rule Type Final
Rule Date 6/7/2024
Effective Date 7/31/2024
Rule Id 215037
Linked to Rule :173888
Reg. Last Update 6/7/2024
Report Section International

Last substantive update on 06/11/2024