Guidelines
 Last Revised Date: 26 November 2010

Guidelines for Exemption for Specialised Units Serving High Net Worth Individuals under Section 100(2) of the Financial Advisers Act [FAA-G07]

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.
Applies to: Licensed Financial Adviser , Exempt Financial Adviser
View Document Guidelines for Exemption for Specialised Units Serving High Net Worth Individuals under Section 100(2) of the Financial Advisers Act [FAA-G07] (120.4 KB)

These guidelines apply to all licensed financial advisers and exempt financial advisers.

They set out how the Monetary Authority of Singapore will assess applications for exemption under section 100(2) of the Act , in respect of any financial advisory service provided by a specialised unit that serves high net worth individuals. These include:

  • Criteria that the Authority would consider in assessing applications.
  • Types of clients that may be served by the Unit.
  • Conditions that may be imposed with the granting of the exemption.

Amendment Notes

26 Nov 2010
FAA-G07 (Amendment) 2010 takes effect.