Guidelines on Applications for Approval of Arrangements under Paragraph 11 of the First Schedule to the Financial Advisers Act [FAA-G06] [Cancelled]

Guidelines

Last Revised Date: 24 July 2024

Guidelines on Applications for Approval of Arrangements under Paragraph 11 of the First Schedule to the Financial Advisers Act [FAA-G06] [Cancelled]

Guidelines on how to qualify for and apply to have foreign related corporations to carry out regulated activities under the Financial Advisers Act.

Licensing, Authorisation and Registration

Exemptions

Applies to:

Licensed Financial Adviser

,

Exempt Financial Adviser

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Guidelines on Applications for Approval of Arrangements under Paragraph 11 of the First Schedule to the Financial Advisers Act [FAA-G06] [Cancelled]

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These guidelines apply to licensed financial advisers and exempt financial advisers and their foreign related corporations.

They set out the assessment criteria and information to be submitted when applying for approval for cross-border business arrangements with foreign related corporations.

Please note that MAS no longer accepts applications for approval of such arrangements, given that a notification framework has been implemented as of 9 October 2021. Please refer to the Consultation Papers and their related resources via the links below.

23 Oct 2018 FAA-G06 (Amendment) 2018 takes effect.

08 Oct 2018 Previous version last revised on 08 Oct 2010 (493 KB) [Cancelled]

26 Nov 2010 Previous version last revised on 26 Nov 2010 (142.3 KB) [Cancelled]

16 Jul 2003 Previous version last issued on 16 Jul 2003 takes effect[Cancelled]

Guidelines on how to qualify for and apply to have foreign related corporations to carry out regulated activities under the Securities and Futures Act.

Clarifications on the requirements under the Exemption Frameworks for cross-border business arrangements of capital markets intermediaries involving Foreign Related Corporations and Foreign Offices.

This consultation seeks comments on the draft Notices setting out the proposed anti-money laundering and countering the financing of terrorism requirements under both the proposed Branch Framework and notified FRC framework.

Consultation number:

P005-2021

Start date:

12 May 2021

Closing date:

11 June 2021

MAS response date:

08 October 2021

This consultation seeks views on (i) MAS’ proposal to exempt foreign head offices or branches of financial institutions in Singapore from the applicable business conduct and representative notification requirements when they serve Singapore customers; and (ii) proposed notification and annual reporting forms, as well as the draft regulations and notices, for both the proposed Branch Framework and notified FRC framework.

Consultation number:

P001-2021

Start date:

15 March 2021

Closing date:

15 April 2021

MAS response date:

08 October 2021

Proposed revisions to streamline the exemption framework which allows foreign related corporations of financial institutions in Singapore to provide cross-border services to customers in Singapore without having to hold a licence.

Consultation number:

P017 - 2018

Start date:

04 December 2018

Closing date:

31 January 2019

MAS response date:

05 June 2020

Sets out when acts carried out outside Singapore are still subject to the Securities and Futures Act (SFA).

Governs the regulation of financial advisers in Singapore, including their representatives and supervisors.

Proposed guidance on what constitutes arrangements under paragraph 9 of the Third Schedule to the SFA, and the assessment criteria for grant of such approval.

Consultation number:

Start date:

20 March 2003

Closing date:

20 April 2003