Provides guidance on the scope of capital markets services licensing (other than for fund management companies); appointment of representatives; business conduct rules; and the application of the SFA and SF(LCB)R to banks, merchant banks, finance companies and insurers.

Provides guidance on the requirements and procedures to apply to be a fund management company, and to appoint representatives to carry out fund management activities.

Form for banks, merchant banks, finance companies and insurers to notify MAS of the appointment of temporary representatives who reside outside Singapore but plan to conduct activities in Singapore for a limited period of time.

Form for licensed financial advisers, capital markets services licensees, banks, merchant banks, finance companies and insurers to notify MAS of the appointment of provisional representatives relocating to Singapore with past experience in conducting regulated activities.

This circular applies to capital markets services licensees, banks, merchant banks, finance companies and insurers. It sets out the requirements on due diligence checks and documentation relevant to the fit and proper certification of their representatives.

Form for licensed financial advisers, capital markets services licensees, banks, merchant banks, finance companies and insurers to notify MAS of the completion of the examination requirements by a provisional representative.

How to qualify to be a representative, or appoint a representative, to conduct regulated activities under the Securities and Futures Act (SFA)

Guidelines on procedures to apply for a Capital Markets Services (CMS) or Financial Advisory (FA) licence, appoint representatives and pay fees.

Provides guidance on the minimum academic and examination requirements as well as continuing education requirements for representatives of capital markets services licensees, banks, merchant banks, finance companies and insurers.

Proposed criteria for granting temporary licence to individuals residing outside Singapore who plan to conduct regulated activities in Singapore for a limited period of time.

Consultation number:

-

Start date:

20 March 2003

Closing date:

19 April 2003