Notices
Notice FAA-N02 Appointment and Use of Introducers by Financial Advisers
Requirements for financial advisers when appointing and using introducers.
Issued pursuant to:
Financial Advisers Act (Cap. 110) section 58
This notice applies to all licensed financial advisers and exempt financial advisers.
It sets out the standards to be maintained with respect to the appointment and use of persons carrying out introducing activities, including:
- Disclosure by introducers.
- Provision of script for use by introducers.
- Prohibition on handling of client’s money or property.
Amendment Notes
- 26 Nov 2010
- MAS FAA-N02 (Amendment) 2010 takes effect.
- 01 Jul 2005
- MAS FAA-N02 (Amendment) 2005 takes effect.
- 22 Dec 2003
- MAS FAA-N02 (Amendment) 2003 takes effect.
Related to this Notice
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ConsultationsPublished Date: 25 April 2023
Consultation Paper on Enhancing Safeguards for Proper Conduct of Digital Prospecting and Marketing Activities
This consultation paper seeks feedback on our proposals to enhance safeguards for proper conduct of digital prospecting and marketing activities, and address conduct risks and issues associated with these activities.
- Consultation number:
- P003-2023
- Start date:
- 25 April 2023
- Closing date:
- 30 June 2023
- Status:
- Open
-
ConsultationsPublished Date: 02 October 2014
Consultation Paper on (1) Draft Legislation and Proposed Legislative Amendments to Effect the Policy Proposals under the Financial Advisory Industry Review; and (2) Proposed Legislative Amendments to Authorise Inspections by Foreign Regulatory Authorities under the Financial Advisers Act
Proposed legislative amendments to raise the competency of FA representatives and quality of FA firms; lower distribution cost by enhancing market efficiency; and promote a culture of fair dealing.
- Consultation number:
- P022-2014
- Start date:
- 02 October 2014
- Closing date:
- 03 November 2014
- MAS response date:
- 11 May 2015
- Status:
- Responded
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ConsultationsPublished Date: 05 March 2013
Consultation Paper on Recommendations of the Financial Advisory Industry Review
Proposed recommendations aimed at raising the quality of financial advisers (FA) and competency of FA representatives, improving efficiency in the distribution of life insurance and investment products, and promoting a culture of fair dealing in Singapore.
- Consultation number:
- P004-2013
- Start date:
- 05 March 2013
- Closing date:
- 04 June 2013
- MAS response date:
- 30 September 2013
- Status:
- Responded
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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.