Last Revised Date: 26 November 2010

Notice FAA-N14 Reporting of Misconduct of Representatives by Financial Advisers

Requirements for financial advisers to lodge a report to the Monetary Authority of Singapore (MAS), upon discovery of misconduct committed by their representatives.

This notice applies to all licensed financial advisers and exempt financial advisers.

It sets out the responsibilities and reporting requirements of financial advisers for misconduct committed by their representatives, including:

  • Scope of reportable misconduct.
  • Relevant information to include in the report.
  • Conduct of internal investigations and record keeping.
  • Disciplinary action taken.

Amendment Notes

01 Jan 2011
Notice FAA-N14 dated 26 November 2010 takes effect from 1 January 2011.
26 Nov 2010
Notice FAA-N09 dated 1 July 2005 is cancelled on 1 January 2011 and replaced by Notice FAA-N14.
01 Jul 2005
Notice FAA-N05 dated 1 October 2002 is cancelled on 1 July 2005 and replaced by Notice FAA-N09.