Guidelines
 Published 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 audit unit.
Applies to: Licensed Financial Adviser , Exempt Financial Adviser
View Document Guidelines on the Remuneration Framework for Representatives and Supervisors ("Balanced Scorecard Framework"), Reference Checks and Pre-Transaction Checks [FAA-G14] (226.9 KB)

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

They provide guidance on some of the requirements in Notice FAA-N20 and set out:

  • Measures to apply to representatives and supervisors with unsatisfactory gradings under the balanced scorecard framework.
  • Measures for information sharing in respect of such representatives and supervisors during reference checks.
  • Expectations on financial advisers to conduct pre-transaction checks by supervisors.