Regulatory Alerts2021-01-01
Securities (Investment Advice) Rules 2021
The Financial Services Commission issued the Securities (Investment Advice) Rules 2021 to exempt specific licence holders from Section 30 of the Securities Act. The exemption applies specifically to holders of Robotic and Artificial Intelligence Enabled Advisory Services Licences, as detailed in the schedule. These rules took effect on 12 June 2021, streamlining regulatory compliance for AI-driven advisory service providers under the Financial Services Act framework.
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