Notices
Last 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.

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 professional development requirements for representatives, and the obligations of the financial institutions regarding their representatives. 

Amendment Notes

01 April 2024
SFA 04-N22 (451 KB) takes effect.