FAQs
FAQs on the Balanced Scorecard (BSC) Framework
Provides guidance to financial advisers on the scope of the BSC framework, including independence of the Independent Sales Audit Unit, pre-transaction checks, reference checks and computation and recovery of remuneration from representatives and supervisors.
Related to this Item
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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.
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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.