Notices
Published Date: 08 October 2021

Notice FAA-N23 on Requirements in relation to Cross-Border Arrangements under the Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021

Requirements for licensed financial advisers and specified exempt financial advisers in relation to their cross-border arrangements with Foreign Offices (“FOs”) under the Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021.

This notice applies to

- Licensed financial advisers; and

- Capital markets services licensees, banks, merchant banks, finance companies and insurers 

that have entered into cross-border arrangements with their FOs to provide any financial advisory service (other than advising others by issuing or promulgating research analyses or research reports) under the FAA.

It sets out the ongoing requirements for these Specified Regulated Entities which serve to mitigate the risks from cross-border arrangements with their FOs.

Amendment Notes

There are no amendment notes for this notice.