Financial Advisers Regulations
Sets out the licensing, financial and business conduct requirements for financial advisers.
These guidelines apply to all financial institutions (FIs) and their representatives in Singapore.
They set out the roles and responsibilities of Board and senior management, and safeguards that FIs should put in place to address market conduct risks when marketing financial products and services to retail customers at retailers and public places.
Sets out the licensing, financial and business conduct requirements for financial advisers.
Risk disclosure statement to be provided by capital markets services licensees, banks, merchant banks and finance companies to retail customers when opening trading accounts to trade in: (i) Futures contracts; (ii) Over-the-counter derivatives contracts of which the underlying is a currency or currency index; and (iii) Spot foreign exchange contracts for the purposes of leveraged foreign exchange trading.
Sets out requirements for licensing, representative notification and conduct of business, and criteria for exemptions from licensing.
Proposed safeguards to mitigate market conduct risks posed to consumers arising from financial institutions (FIs)' marketing and distribution activities at retailers and public places. Some proposals include having FIs to conduct regular mystery shopping and site visits and ensuring that any gift offered to customers does not influence the decisions of customers to purchase any financial products and services. MAS also proposed a list of notification requirements for the FIs.
Guidance on market conduct and service standards for direct insurance brokers and their broking staff.
Guidance on conduct requirements for insurance brokers and their broking staff.