The Securities & Futures Commission and the Insurance Authority have concluded a memorandum of understanding to enhance co-operation, exchange of information and mutual assistance.

Under the deal, which takes effect from today, both parties agree to foster closer co-operation in regulating insurance-related investment products and sharing information of people who are regulated under their respective supervisory regimes.

Both parties also want to promote mutual assistance and the exchange of information so as to perform their respective responsibilities more effectively.

Principal points of contact will be established to ensure the smooth operation of arrangements set out in the agreement.

The two regulators agree to consult each other in the preparation and the issue of further guidelines in relation to the regulation of insurance-related investment products and their operators.

For details of the deal, browse the commission's website or the Office of the Commissioner of Insurance's website.

For enquiries call 2842 7624 or 2867 4632.