Regulatory Alerts2018-10-08
Added
Guidelines for Conduct of Business for Execution-Related Advice [FAA-G08]
The Monetary Authority of Singapore issued these guidelines to establish standards for dealers and their representatives when providing execution-related advice on capital markets products. The document mandates specific requirements for disclosures, record keeping, and advisory conduct to ensure compliance with regulatory obligations. It also references proposed legislative amendments aimed at exempting certain execution-related advice from the Financial Advisers Act.
Guidelines
Last Revised Date: 08 October 2018
Guidelines for Conduct of Business for Execution-Related Advice [FAA-G08]
Guidelines on the standards dealers and their representatives are required to adhere to when providing execution-related advice to clients.
Representative-related
Disclosures
Advisory and Sales
Record Keeping
Applies to:
Exempt Financial Adviser
View Document
Guidelines for Conduct of Business for Execution-Related Advice [FAA-G08]
(243.8 KB)
These guidelines apply to all dealers and their trading representatives.
They set out the standards that dealers and their trading representatives are expected to comply with when they provide execution-related advice to clients in relation to any capital markets product.
08 Oct 2018 FAA-G08 (Amendment) 2018 takes effect. 01 Apr 2017 Previous version last revised on 01 Apr 2017 (170.3 KB) [Cancelled] 01 Jul 2005 Previous version last revised on 01 Jul 2005 (120.6 KB) [Cancelled]
Requirements for financial advisers and their representatives with respect to recommendations made on investment products.
General principles and requirements that apply to all disclosures to clients by financial advisers and their representatives.
Proposed legislative amendments to the Financial Advisers Regulations to exempt execution-related advice on listed excluded investment products from the Financial Advisers Act and consequential amendments to the Notice on Recommendations on Investment Products.
Consultation number:
P006 - 2016
Start date:
29 June 2016
Closing date:
28 July 2016
MAS response date:
30 December 2016
Governs the regulation of financial advisers in Singapore, including their representatives and supervisors.