Regulatory Alerts2016-01-01
Securities (Licensing) (Amendment) Rules 2016
The Financial Services Commission issued the Securities (Licensing) (Amendment) Rules 2016 to establish a new Investment Adviser (Corporate Finance Advisory) licence category. The amendment mandates that only corporations may apply for this licence and requires holders to possess a relevant degree plus at least five years of investment business experience. It further sets the applicable fee and authorizes licence holders to deliver corporate finance advisory services through printed materials or other channels.
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