The department supervises intermediaries with particular focus on business conduct and financial soundness.
What we do:
- Conduct on-site reviews and off-site monitoring to:
- ascertain and supervise intermediaries’ business conduct and compliance with relevant regulatory requirements
- assess and monitor the financial soundness of intermediaries
- Process applications for approval, waiver or modification of various requirements relevant to intermediaries
- Maintain communication with intermediaries and the industry on relevant policy and regulatory issues