Guidelines
Guidelines on Applications for Approval of Arrangements under Paragraph 11 of the First Schedule to the Financial Advisers Act [FAA-G06]
Guidelines on how to qualify for and apply to have foreign related corporations to carry out regulated activities under the Financial Advisers Act.
These guidelines apply to licensed financial advisers and exempt financial advisers and their foreign related corporations.
They set out the assessment criteria and information to be submitted when applying for approval for cross-border business arrangements with foreign related corporations.
Please note that MAS no longer accepts applications for approval of such arrangements, given that a notification framework has been implemented as of 9 October 2021. Please refer to the Consultation Papers and their related resources via the links below.
Amendment Notes
- 23 Oct 2018
- FAA-G06 (Amendment) 2018 takes effect.
- 08 Oct 2018
- Previous version last revised on 08 Oct 2010 (493 KB) [Cancelled]
- 26 Nov 2010
- Previous version last revised on 26 Nov 2010 (142.3 KB) [Cancelled]
- 16 Jul 2003
- Previous version last issued on 16 Jul 2003 takes effect[Cancelled]
Related to this Item
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FAQsLast Revised Date: 02 September 2022
FAQs on the Exemption Frameworks for Cross-Border Business Arrangements of Capital Markets Intermediaries involving Foreign Related Corporations and Foreign Offices
Clarifications on the requirements under the Exemption Frameworks for cross-border business arrangements of capital markets intermediaries involving Foreign Related Corporations and Foreign Offices.
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GuidelinesLast Revised Date: 11 October 2021
Guidelines on Applications for Approval of Arrangements under Paragraph 9 of the Third Schedule to the Securities and Futures Act [SFA 04-G03]
Guidelines on how to qualify for and apply to have foreign related corporations to carry out regulated activities under the Securities and Futures Act.
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ConsultationsPublished Date: 12 May 2021
Consultation Paper on Proposed AML Notices for Cross-Border Business Arrangements of Capital Markets Intermediaries under Proposed Exemption Frameworks
This consultation seeks comments on the draft Notices setting out the proposed anti-money laundering and countering the financing of terrorism requirements under both the proposed Branch Framework and notified FRC framework.
- Consultation number:
- P005-2021
- Start date:
- 12 May 2021
- Closing date:
- 11 June 2021
- MAS response date:
- 08 October 2021
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ConsultationsPublished Date: 15 March 2021
Consultation Paper on Proposed Exemption Framework for Cross-Border Business Arrangements of Capital Markets Intermediaries Involving Foreign Offices
This consultation seeks views on (i) MAS’ proposal to exempt foreign head offices or branches of financial institutions in Singapore from the applicable business conduct and representative notification requirements when they serve Singapore customers; and (ii) proposed notification and annual reporting forms, as well as the draft regulations and notices, for both the proposed Branch Framework and notified FRC framework.
- Consultation number:
- P001-2021
- Start date:
- 15 March 2021
- Closing date:
- 15 April 2021
- MAS response date:
- 08 October 2021
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ConsultationsLast Revised Date: 05 June 2020
Consultation Paper on Proposed Revisions to the Exemption Framework for Cross-Border Business Arrangements of Capital Markets Intermediaries
Proposed revisions to streamline the exemption framework which allows foreign related corporations of financial institutions in Singapore to provide cross-border services to customers in Singapore without having to hold a licence.
- Consultation number:
- P017 - 2018
- Start date:
- 04 December 2018
- Closing date:
- 31 January 2019
- MAS response date:
- 05 June 2020
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GuidelinesLast Revised Date: 08 October 2018
Guidelines on the Application of Section 339 (Extra-Territoriality) of the Securities and Futures Act [SFA 15-G01]
Sets out when acts carried out outside Singapore are still subject to the Securities and Futures Act (SFA).
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ActsPublished Date: 31 March 2007
Financial Advisers Act 2001
Governs the regulation of financial advisers in Singapore, including their representatives and supervisors.
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ConsultationsPublished Date: 20 March 2003
Consultation Paper on Granting of Approval for Arrangements under Paragraph 9 Third Schedule of the Securities and Futures Act (CAP. 289)
Proposed guidance on what constitutes arrangements under paragraph 9 of the Third Schedule to the SFA, and the assessment criteria for grant of such approval.
- Consultation number:
- -
- Start date:
- 20 March 2003
- Closing date:
- 20 April 2003