Notices
Notice FAA-N02 Appointment and Use of Introducers by Financial Advisers
Requirements for financial advisers when appointing and using introducers.
Issued pursuant to:
Financial Advisers Act (Cap. 110) section 58
This notice applies to all licensed financial advisers and exempt financial advisers.
It sets out the standards to be maintained with respect to the appointment and use of persons carrying out introducing activities, including:
- Disclosure by introducers.
- Provision of script for use by introducers.
- Prohibition on handling of client’s money or property.
Amendment Notes
- 26 Nov 2010
- MAS FAA-N02 (Amendment) 2010 takes effect.
- 01 Jul 2005
- MAS FAA-N02 (Amendment) 2005 takes effect.
- 22 Dec 2003
- MAS FAA-N02 (Amendment) 2003 takes effect.
Related to this Notice
-
Subsidiary LegislationPublished Date: 09 March 2017
Insurance (Remuneration) Regulations 2015
Sets out that all licensed insurers are not allowed to pay volume or value-based incentives on the sale of any life policy excepted under stipulated conditions.
-
ConsultationsPublished Date: 02 October 2014
Consultation Paper on (1) Draft Legislation and Proposed Legislative Amendments to Effect the Policy Proposals under the Financial Advisory Industry Review; and (2) Proposed Legislative Amendments to Authorise Inspections by Foreign Regulatory Authorities under the Financial Advisers Act
Proposed legislative amendments to raise the competency of FA representatives and quality of FA firms; lower distribution cost by enhancing market efficiency; and promote a culture of fair dealing.
- Consultation number:
- P022-2014
- Start date:
- 02 October 2014
- Closing date:
- 03 November 2014
- MAS response date:
- 11 May 2015
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ConsultationsPublished Date: 05 March 2013
Consultation Paper on Recommendations of the Financial Advisory Industry Review
Proposed recommendations aimed at raising the quality of financial advisers (FA) and competency of FA representatives, improving efficiency in the distribution of life insurance and investment products, and promoting a culture of fair dealing in Singapore.
- Consultation number:
- P004-2013
- Start date:
- 05 March 2013
- Closing date:
- 04 June 2013
- MAS response date:
- 30 September 2013