Requirements for financial advisers on anti-money laundering (AML) and countering the financing of terrorism (CFT).

Guidelines for financial advisers on the requirements in Notice FAA-N06 for the prevention of money laundering and countering the financing of terrorism.

Provides guidance to financial advisers about the FAA regime and covers topics including licensing requirements, exemptions, representative notification framework, business conduct and reporting requirements.

Requirements for financial advisers to lodge a report to the Monetary Authority of Singapore (MAS), upon discovery of misconduct committed by their representatives.

This circular sets out the following: a) definition of ‘supervisor’ and MAS’ policy intent with regard to the remuneration-related requirements under the BSC framework; b) factors to consider when determining whether a person is a ‘supervisor’ and non-exhaustive examples of acts of supervision; and c) clarification on...

Guidelines on how to qualify for and apply to have foreign related corporations to carry out regulated activities under the Financial Advisers Act.

This Notice was cancelled with effect from 10 May 2024.

Eligibility requirements for representatives of financial advisers, including CMFAS examination and continuing education requirements.

Guidelines for financial advisers to safeguard the interest of clients when distributing life policies online without the provision of advice.

Form for a person who has committed an offence to accept an offer of composition by MAS under the Financial Advisers Act.

Requirements for financial advisers when advising on dual currency investments.

Guidelines on the standards of conduct expected of financial advisers and their representatives when advising on structured deposits.

Guidelines on the licensing admission criteria for persons applying for a financial adviser’s licence under the Financial Advisers Act.

MAS has issued prohibition orders against three former insurance agents and a former bank employee for fraudulent and dishonest conduct.

Requirements for financial advisers and their representatives with respect to the distribution of direct purchase insurance products.

Guidance on the assessment criteria and application procedures for approval of arrangements under Regulation 32CB and the MAS’ supervisory expectations in relation to approved arrangements under the ACMF Professional Mobility Framework.

Provides guidance to financial advisers and their representatives on the assessment they must conduct on a client before recommending any complex investment product to their clients.

Prescribes the deletion of "marketing collective investment schemes" as a type of financial advisory service following changes from the Securities and Futures (Amendment) Act 2017.

Guidelines on licensing and other pertinent requirements applicable to digital advisers.

Guidelines on safeguards to guard against representatives advising clients to switch from one designated investment product to another in a manner detrimental to the client.

Guidelines on the standards dealers and their representatives are required to adhere to when providing execution-related advice to clients.

Guidelines on conflicts of interest that may arise from issuing or promulgating research analyses or research reports that contain opinions or recommendations about a specific investment product.

Provides guidance to financial advisers and their representatives on when they must disclose the remuneration they receive for recommending, buying or selling an investment product to clients; and how they should disclose such remuneration.

General principles and requirements that apply to all disclosures to clients by financial advisers and their representatives.

Provides guidance to financial institutions on how they should classify their products arising from the change in product definitions under the amended SFA and FAA.

Proposed enhancements to the examination framework for appointed representatives under the SFA and FAA, e.g. minimum academic qualifications under the Capital Markets and Financial Advisory Services Examination (CMFAS) and Continuing Professional Development (CPD) requirements.

Consultation number:

P015 - 2016

Start date:

12 December 2016

Closing date:

13 January 2017

MAS response date:

25 September 2017

Proposed amendments to enhance and harmonise MAS authorisation and supervisory powers across the SFA, FAA and TCA. MAS also sought comments on allowing the pledging of securities held in CDP direct accounts for collateralised trading.

Consultation number:

P015 - 2015

Start date:

18 September 2015

Closing date:

16 October 2015

MAS response date:

09 July 2018

Covered three proposals: (i) Regulatory framework for capital markets services licensees, banks, merchant banks and finance companies dealing in OTC derivative contracts under the SFA, including capital, business conduct and other requirements; (ii) exemption for execution-related advice on listed excluded investment products under the FAA; and (iii) transferring the regulation of marketing of CIS from the FAA to SFA.

Consultation number:

P009-2015

Start date:

03 June 2015

Closing date:

03 July 2015

MAS response date:

29 December 2015

Requirements, procedures and timelines for financial advisers to report suspicious activities or incidents of fraud.

Consultation number:

P009 - 2012

Start date:

23 May 2012

Closing date:

22 June 2012

MAS response date:

15 October 2012

Provides guidance on the circumstances under which a financial adviser can provide marketing materials and advice on life products offered by unlicensed insurers, as well as placing risks with unlicensed insurers.

Requirements for financial advisers and their representatives when selling unlisted debentures to clients.

Entry requirements in respect of the appointment of provisional representatives by financial advisers, and the validity period of such appointments.

Requirements for exempt persons regarding representations of their exempt status.

Requirements for financial advisers when appointing and using introducers.

Guidelines on conduct requirements for financial advisers and their representatives.

Guidelines on the assessment criteria for exemption applications, in respect of any financial advisory service provided by a specialised unit that serves high net worth individuals.

Consultation number:

P008 - 2009

Start date:

23 June 2009

Closing date:

21 July 2009

MAS response date:

19 April 2010

Consultation number:

P011 - 2007

Start date:

11 October 2007

Closing date:

09 November 2007

MAS response date:

19 September 2008

Consultation number:

P020 - 2006

Start date:

05 December 2006

Closing date:

16 January 2007

MAS response date:

11 October 2007

Consultation number:

P014 - 2006

Start date:

25 September 2006

Closing date:

22 November 2006

MAS response date:

11 October 2007

Guidelines on the circumstances under which a financial adviser may use the term “independent”.

Consultation number:

10-2003

Start date:

25 September 2003

Closing date:

03 November 2003

MAS response date:

26 March 2004

Consultation number:

02 - 2003

Start date:

23 April 2003

Closing date:

22 May 2003

MAS response date:

14 August 2003

Consultation number:

-

Start date:

21 March 2001

Closing date:

20 April 2001