Regulatory Alerts2024-07-24
Added
Guidelines on Applications for Approval of Arrangements under Paragraph 11 of the First Schedule to the Financial Advisers Act [FAA-G06] [Cancelled]
The Monetary Authority of Singapore issued these guidelines to outline assessment criteria and information requirements for licensed and exempt financial advisers seeking approval for cross-border business arrangements with foreign related corporations. The document explicitly states that the Monetary Authority of Singapore no longer accepts such applications because a notification framework was implemented on 9 October 2021. Consequently, the guidelines are marked as cancelled and refer users to consultation papers and resources detailing the new Branch Framework and notified Foreign Related Corporation framework.
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