Notices
Notice SFA 04-N09 Minimum Entry and Examination Requirements for Representatives of Holders of Capital Markets Services licence and Exempt Financial Institutions under the SFA [Cancelled]
How to qualify to be a representative, or appoint a representative, to conduct regulated activities under the Securities and Futures Act (SFA)
This notice applies to:
- Individuals who act or hold themselves out to be representatives who carry out regulated activities.
- Capital markets services (CMS) licensees.
- Banks, merchant banks, finance companies and insurers who have appointed representatives conducting regulated activities under the SFA.
It sets out the entry, examination and continuing education requirements for representatives, and the obligations of the financial institutions regarding their representatives.
Amendment Notes
- 01 Apr 2024
- MAS Notice SFA 04-N09 last revised on 8 April 2020 (1.05 MB) is cancelled.
- 08 Apr 2020
- Notice SFA 04-N09 (Amendment) 2020 (1.05 MB) takes effect.
- 08 Oct 2018
- Notice SFA 04-N09 (Amendment) 2018 (1.1 MB) takes effect.
- 20 Oct 2017
- Notice SFA04-N09 (Amendment) 2017 (147.8 KB) takes effect.
- 07 Oct 2015
- Notice SFA04-N09 (Amendment) 2015 (105.8 KB) takes effect.
- 10 Jun 2014
- Notice SFA04-N09 (Amendment) 2014 (75.1 KB) takes effect.
- 07 Aug 2012
- Notice SFA04-N09 (Amendment No. 3) 2012 (229.5 KB) takes effect.
- 04 Jun 2012
- Notice SFA04-N09 (Amendment) (02) 2012 (341.2 KB) takes effect.
- 17 Jan 2012
- Notice SFA04-N09 (Amendment) 2012 takes effect.
- 19 Oct 2011
- Notice SFA04-N09 (Amendment) 2011 takes effect.
- 26 Nov 2010
- Notice SFA04-N09 (Amendment) 2010 takes effect.
Related to this Notice
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Forms and TemplatesLast Revised Date: 29 August 2024
Form 3A - Notification for Appointment of an Appointed Representative
Form for licensed financial advisers, capital markets services licensees, banks, merchant banks, finance companies and insurers to notify MAS of the appointment of representatives.
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NoticesLast Revised Date: 01 April 2024
Notice SFA 04-N22 Competency Requirements for Representatives of Holders of Capital Markets Services Licence and Exempt Financial Institutions
Eligibility and ongoing requirements for representatives of Holders of Capital Markets Services Licence and Exempt Financial Institutions, including entry, CMFAS examination and continuing professional development requirements.
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FAQsLast Revised Date: 01 April 2024
FAQs on Minimum Entry and Examination Requirements for Representatives of Capital Markets Services Licence Holders and Exempt Financial Institutions [Cancelled]
Provides guidance on the minimum academic and examination requirements as well as continuing education requirements for representatives of capital markets services licensees, banks, merchant banks, finance companies and insurers.
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ConsultationsLast Revised Date: 28 September 2023
Consultation Paper on Draft Notices on the Competency Requirements for Representatives Conducting Regulated Activities under the Financial Advisers Act and Securities and Futures Act
To consult on the draft notices on the competency requirements for representatives conducting regulated activities under the Financial Advisers Act and Securities and Futures Act.
- Consultation number:
- P006-2020
- Start date:
- 04 September 2020
- Closing date:
- 05 October 2020
- MAS response date:
- 28 September 2023
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CircularsPublished Date: 08 October 2018
CMI 01/2011 Due Diligence Checks and Documentation in Respect of the Appointment of Appointed, Provisional, and Temporary Representatives
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.
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Forms and TemplatesLast Revised Date: 08 October 2018
Form 3B - Notification for Appointment of a Provisional Representative
Form for licensed financial advisers and exempt financial advisers to notify MAS of the appointment of provisional representatives.
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ConsultationsPublished Date: 12 December 2016
Consultation Paper on Review of Competency Requirements for Representatives Conducting Regulated Activities under the Securities and Futures Act and Financial Advisers Act
Proposed enhancements to the examination framework for appointed representatives under the SFA and FAA, e.g. minimum academic qualifications under the Capital Markets and Financial Advisory Services Examination (CMFAS) and Continuing Professional Development (CPD) requirements.
- Consultation number:
- P015 - 2016
- Start date:
- 12 December 2016
- Closing date:
- 13 January 2017
- MAS response date:
- 25 September 2017
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FAQsPublished Date: 26 November 2010
FAQs on Mutual Recognition of MAS and Thai SEC Product Knowledge Examinations
Provides guidance on the mutual recognition of MAS and Thai SEC's product knowledge examinations in securities and collective investment schemes.
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NoticesPublished Date: 26 November 2010
Notice SFA 04-N10 Entry Requirements of a Provisional or Temporary Representative
How to qualify to be or appoint provisional and temporary representatives.