This circular applies to capital markets services licensees, banks, merchant banks, finance companies, insurers and financial advisers. It sets out the requirements on due diligence checks and documentation relevant to the fit and proper certification of their representatives.
Notice FAA-N13 Minimum Entry and Examination Requirements for Representatives of Licensed Financial Advisers and Exempt Financial Advisers
Eligibility requirements for representatives of financial advisers, including CMFAS examination and continuing education requirements.
This notice applies to all licensed financial advisers, exempt financial advisers and their appointed representatives.
It sets out the following requirements for appointed representatives:
- Minimum entry requirements.
- Application of the Capital Markets and Financial Advisory Services (CMFAS) examination requirements.
- Circumstances under which the CMFAS examination requirements do not apply.
- Obligations of licensed financial advisers and exempt financial advisers to maintain a register on the representatives’ compliance with the CMFAS examination requirements.
- Continuing professional development requirements.
- 07 Oct 2015
- MAS Notice FAA-N13 (Amendment) 2015 takes effect.
- 10 Jun 2014
- MAS Notice FAA-N13 (Amendment) 2014 takes effect.
- 01 Feb 2014
- MAS Notice FAA-N13 (Amendment No. 2) 2013 takes effect.
- 20 Feb 2013
- MAS Notice FAA-N13 (Amendment) 2013 takes effect.
- 02 May 2012
- MAS Notice FAA-N13 (Amendment) 2012 takes effect.
- 19 Oct 2011
- MAS Notice FAA-N13 (Amendment) 2011 takes effect.