Notices
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.
Issued pursuant to:
Securities and Futures Act 2001
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 (441.3 KB)
takes effect.
Related to this Notice
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NoticesLast Revised Date: 01 April 2024
Notice FAA-N26 Competency Requirements for Representatives of Financial Advisers
Eligibility and ongoing requirements for representatives of financial advisers, including entry, CMFAS examination and continuing professional development requirements.
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NoticesLast Revised Date: 01 April 2024
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)
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FAQsLast Revised Date: 01 April 2024
FAQs on Competency Requirements for Representatives of Holders of Capital Markets Services Licence and Exempt Financial Institutions
Provides guidance on the competency 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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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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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