Responded
The consultation response was published on 30 September 2013.
Consultations
Consultation Paper on Recommendations of the Financial Advisory Industry Review
Proposed recommendations aimed at raising the quality of financial advisers (FA) and competency of FA representatives, improving efficiency in the distribution of life insurance and investment products, and promoting a culture of fair dealing in Singapore.
- Consultation Number:
- P004-2013
- Start Date:
- 05 March 2013
- Closing Date:
- 04 June 2013
- MAS Response Date:
- 30 September 2013
Response
Consultation Paper
Related to this Consultation
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NoticesLast Revised Date: 17 September 2021
Notice FAA-N16 Recommendations on Investment Products
Requirements for financial advisers and their representatives with respect to recommendations made on investment products.
-
RegulationsLast Revised Date: 29 June 2021
Financial Advisers Regulations
Sets out the licensing, financial and business conduct requirements for financial advisers.
-
FAQsLast Revised Date: 28 June 2021
FAQs on Financial Advisers Act, Financial Advisers Regulations, Notices and Guidelines
Provides guidance to financial advisers about the FAA regime and covers topics including licensing requirements, exemptions, representative notification framework, business conduct and reporting requirements.
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GuidelinesLast Revised Date: 28 June 2021
Guidelines on Criteria for the Grant of a Financial Adviser's Licence [FAA-G01]
Guidelines on the licensing admission criteria for persons applying for a financial adviser’s licence under the Financial Advisers Act.
-
NoticesLast Revised Date: 05 October 2020
Notice FAA-N20 Requirements for the Remuneration Framework for Representatives and Supervisors ("Balanced Scorecard Framework") and Independent Sales Audit Unit
Requirements on the balanced scorecard framework for representatives and supervisors of financial advisers, and the independent sales audit unit.
-
NoticesLast Revised Date: 08 April 2020
Notice FAA-N13 Minimum Entry and Examination Requirements for Representatives of Licensed Financial Advisers and Exempt Financial Advisers
Eligibility requirements for representatives of financial advisers, including CMFAS examination and continuing education requirements.
-
NoticesPublished Date: 30 August 2019
Notice FAA-N19 Distribution of Direct Purchase Insurance Products
Requirements for financial advisers and their representatives with respect to the distribution of direct purchase insurance products.
-
NoticesLast Revised Date: 05 October 2018
Notice FAA-N03 Information to Clients and Product Information Disclosure
General principles and requirements that apply to all disclosures to clients by financial advisers and their representatives.
-
GuidelinesLast Revised Date: 29 June 2018
Guidelines on the Online Distribution of Life Policies With No Advice [FAA-G15]
Guidelines for financial advisers to safeguard the interest of clients when distributing life policies online without the provision of advice.
-
GuidelinesPublished Date: 31 December 2015
Guidelines on the Remuneration Framework for Representatives and Supervisors ("Balanced Scorecard Framework"), Reference Checks and Pre-Transaction Checks [FAA-G14]
Guidelines for financial advisers on the requirements in Notice FAA-N20, which sets out measures for the design and operation of the balanced scorecard framework and independent sales unit.
-
ConsultationsPublished Date: 02 October 2014
Consultation Paper on (1) Draft Legislation and Proposed Legislative Amendments to Effect the Policy Proposals under the Financial Advisory Industry Review; and (2) Proposed Legislative Amendments to Authorise Inspections by Foreign Regulatory Authorities under the Financial Advisers Act
Proposed legislative amendments to raise the competency of FA representatives and quality of FA firms; lower distribution cost by enhancing market efficiency; and promote a culture of fair dealing.
- Consultation number:
- P022-2014
- Start date:
- 02 October 2014
- Closing date:
- 03 November 2014
- MAS response date:
- 11 May 2015
- Status:
- Responded
-
ConsultationsPublished Date: 05 March 2013
Consultation Paper on Recommendations of the Financial Advisory Industry Review
Proposed recommendations aimed at raising the quality of financial advisers (FA) and competency of FA representatives, improving efficiency in the distribution of life insurance and investment products, and promoting a culture of fair dealing in Singapore.
- Consultation number:
- P004-2013
- Start date:
- 05 March 2013
- Closing date:
- 04 June 2013
- MAS response date:
- 30 September 2013
- Status:
- Responded
-
GuidelinesLast Revised Date: 20 February 2013
Guidelines on Fair Dealing - Board and Senior Management Responsibilities for Delivering Fair Dealing Outcomes to Customers [FAA-G11]
Guidelines for Board and Senior Management on implementing fair dealing outcomes to customers.
-
NoticesLast Revised Date: 26 November 2010
Notice FAA-N02 Appointment and Use of Introducers by Financial Advisers
Requirements for financial advisers when appointing and using introducers.