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Financial Advisers Act 2001. 2020 REVISED EDITION. This revised edition incorporates all amendments up to and including 1 December 2021 and comes into operation on 31 December 2021. An Act to regulate financial advisers and their representatives and supervisors, and for other purposes relating thereto or connected therewith. [18/2015]
Mar 31, 2007 · An Act to regulate financial advisers and their representatives. [6th August 2002: Section 105; 1st October 2002: Sections 1 to 104 ] Singapore Statutes Online is provided by the Legislation Division of the Singapore Attorney-General's Chambers.
6.—. (1) A person must not act as a financial adviser in Singapore in respect of any financial advisory service unless the person —. ( a) is authorised to do so in respect of that financial advisory service by a financial adviser’s licence; or. ( b) is an exempt financial adviser.
For the purposes of section 62 (2) of the Act, a financial adviser must not give its consent to an appointed representative or a provisional representative to engage in any of the acts referred to in section 62 (1) of the Act (called in this regulation the restricted act) unless the financial adviser is satisfied that —
Oct 8, 2021 · financial advisory services in respect of specified investment products through foreign offices under cross-border arrangements, and their foreign representatives
“financial adviser” means a holder of a financial adviser’s licence of the Act or an exempt financial adviser; [FAA-N16 (Amendment) 2012] “futures market” has the same meaning as in section 2(1) of the Securities and Futures Act (Cap. 289); “investment product” has the same meaning as in section 2(1) of the Act;
FINANCIAL ADVISERS ACT (CAP. 110) INFORMATION PAPER ON GOOD PRACTICES FOR LICENSED AND EXEMPT FINANCIAL ADVISERS. CONTENTS . Introduction. Advisory and Sales Practices. 2.1 Needs-based sales process. 2.2 Use of electronic financial planning tools. 2.3 Sales conducted with clients with limited knowledge of investment products.
Jul 10, 2019 · On 10 July 2019, the Monetary Authority of Singapore (“MAS”) issued the “Guidelines on Provision of Financial Advisory Service” (“Guidelines”). The Second Schedule to the Financial Advisers Act (“ FAA ”) sets out the types of financial advisory services regulated under the FAA.
1 These Guidelines are issued pursuant to section 64 of the Financial Advisers Act (Cap. 110) [“the Act”]. They are intended to provide guidance on the licensing admission criteria for persons applying for a financial adviser’s licence under the Act. [Amended on 26 November 2010]
Financial Advisers Act (Cap. 110) [“the Act”]. They set out conduct requirements for persons acting as financial advisers under the Act, including, where appropriate, conduct requirements for representatives who perform any financial advisory service on behalf of financial advisers. [Amended on 1 July 2005] Purpose of these Guidelines
