Regulatory Alerts2018-10-08
Added
Guidelines on Provision of Digital Advisory Services
The Monetary Authority of Singapore issued these guidelines to regulate digital advisers, defining licensing requirements and exemptions under the Securities and Futures Act and Financial Advisers Act. The document outlines specific exemptions for dealing in capital markets products and fund management, while imposing track record and asset thresholds for those seeking full fund management licenses. It further mandates strict governance over algorithms, technology risk management, and suitability assessments to ensure client protection in automated advisory services.