Circulars
Clarification of MAS' policy intent in Respect of Persons Deemed as 'Supervisors'
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 the remuneration-related requirements under the BSC framework.
Related to this Item
-
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.
-
ActsPublished Date: 31 March 2007
Financial Advisers Act 2001
Governs the regulation of financial advisers in Singapore, including their representatives and supervisors.