Guidelines on Licence Applications, Representative Notification and Payment of Fees [CMG-G01]
Guidelines on procedures to apply for a Capital Markets Services or Financial Advisory licence, appoint representatives and pay fees.
Form 3D is to be submitted on-line using the Corporations and Representatives System (CoRe) on MASNET.
MASNET is a closed communication network system operated by the Authority which a capital markets services licensee, a financial institution exempt from holding CMS Licence under section 99(1)(a), (b), (c) or (d) of the SFA, a licensed financial adviser or an exempt financial adviser under section 23(1)(a), (b), (c), (d) or (e) of the FAA needs to subscribe to for the purpose of lodging the form.
Guidelines on procedures to apply for a Capital Markets Services or Financial Advisory licence, appoint representatives and pay fees.
Eligibility requirements for representatives of financial advisers, including CMFAS examination and continuing education requirements.
This circular applies to capital markets services licensees, banks, merchant banks, finance companies, insurers and financial advisers. It sets out the requirements on due diligence checks and documentation relevant to the fit and proper certification of their representatives.
Form for licensed financial advisers and exempt financial advisers to notify MAS of the appointment of provisional representatives.
Sets out requirements for licensing, representative notification and conduct of business, and criteria for exemptions from licensing.
How to qualify to be or appoint provisional and temporary representatives.
Provides for a person to be given an opportunity to be heard by MAS and to be given at least 10 days to submit any written supporting documents as to why MAS should reconsider the decision it intends to make.