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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]
3 days ago · Actions. PART 4A. PROHIBITED BUSINESSES. Prohibited businesses of licensed financial advisers in Singapore. 60.—. (1) A licensed financial adviser in Singapore must not —. ( a) carry on any business, whether in Singapore or elsewhere; or.
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 —
“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;
Oct 8, 2021 · financial advisory services in respect of specified investment products through foreign offices under cross-border arrangements, and their foreign representatives
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.
The Financial Advisers Act (“FAA”) governs the conduct of financial advisers. This includes licensing requirements, relevant offences, and sanctions. All financial advisers are required to have a financial adviser’s licence. Licensed financial advisers may recommend investment products such as life insurance policies, etc.
Dec 13, 2021 · A financial adviser’s licence is a licence that a company needs if it wishes to conduct financial advisory services regulated under the Financial Advisers Act in Singapore. Such financial advisory services comprise: Advising others concerning any investment product, other than advising on corporate finance.
Purpose of the Guidelines on Criteria for the Grant of a Financial Adviser’s Licence [“these Guidelines”] 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 ...
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
