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Notices
 Published Date: 26 November 2010

Notice SFA 04-N11 Reporting of Misconduct of Representatives by Holders of Capital Markets Services Licence and Exempt Financial Institutions

How financial institutions should handle and report misconduct of their representatives to MAS.

Issued pursuant to:

Securities and Futures Act (Cap. 289) section 101

Applies to: Dealing in Capital Market Products , Product Financing , Licensed Fund Management Company , Corporate Finance Advisory , REIT Management , Credit Rating Agency , Securities Crowdfunding , Venture Capital Fund Management Company , Exempt Capital Markets Services Entity , Providing Custodial Services
View Notice Notice SFA 04-N11 Reporting of Misconduct of Representatives by Holders of Capital Markets Services Licence and Exempt Financial Institutions (50.2 KB)

This notice applies to:

  • Capital markets services (CMS) licensees.
  • Banks, merchant banks, finance companies and insurers conducting regulated activities under the SFA.

It sets out the responsibilities and reporting requirements of these financial institutions for the misconduct of their representatives, including:

  • Scope of reportable misconduct.
  • Relevant information to include in the report.
  • Conduct of internal investigations and record keeping.
  • Disciplinary action to be taken.
  • Annual declaration through MASNET if there is no misconduct to report.

Amendment Notes

There are no amendment notes for this notice.