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.
Financial Advisers Act (Cap. 110) section 58
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.
Related to this Notice
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GuidanceLast Revised Date: 21 September 2023
Compliance Toolkit for Approvals, Notifications and Other Regulatory Submissions to MAS for Financial Advisers
This Compliance Toolkit is to guide and facilitate financial advisers’ compliance with the various MAS approval and reporting requirements and timelines.
-
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
-
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
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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.