Notices
Notice 504 Reporting of Misconduct of Broking Staff by Insurance Brokers
Requirements and template for reporting the misconduct of broking staff.
Issued pursuant to:
This notice applies to all registered insurance brokers and exempt insurance brokers.
It sets out the responsibilities and reporting requirements of insurance brokers for misconduct committed by their broking staff, including:
- Relevant information to include in the report.
- Conduct of internal investigations and record keeping.
- Disciplinary action taken.
- Annual declaration through MAS-Tx if there is no misconduct to report.
Amendment Notes
- 17 May 2013
- MAS Notice 504 (Amendment) 2013 (105.6 KB) takes effect.
Related to this Notice
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GuidanceLast Revised Date: 05 June 2026
Compliance Toolkit for Approvals, Notifications and Other Regulatory Submissions to MAS for Insurance Brokers
This Compliance Toolkit is to guide and facilitate insurance brokers’ compliance with the various MAS approval and reporting requirements and timelines.
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NoticesPublished Date: 30 December 2025
Notice 508 Reporting of Misconduct of Broking Staff by Insurance Brokers and of Representatives by Accident and Health Insurance Intermediaries [To be effected on 1 January 2027]
Requirements for financial institutions to report misconduct of broking staff and representatives
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ConsultationsPublished Date: 19 April 2022
Consultation on Revised Notices on Misconduct Reporting Requirements under the Financial Advisers Act, Insurance Act and Securities and Futures Act
This consultation seeks views on the revised notices on misconduct reporting requirements.
- Consultation number:
- P002-2022
- Start date:
- 19 April 2022
- Closing date:
- 20 May 2022
- MAS response date:
- 30 December 2025
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ConsultationsLast Revised Date: 14 May 2021
Consultation Paper on Revisions to Misconduct Reporting Requirements and Proposals to Mandate Reference Checks for Representatives
Proposed revisions to requirements for the submission of misconduct reports and proposals to mandate FIs to conduct and respond to reference checks on representatives.
- Consultation number:
- P012 - 2018
- Start date:
- 06 July 2018
- Closing date:
- 06 August 2018
- MAS response date:
- 14 May 2021