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.