Regulatory Alerts2010-11-26
Added
Guidelines on Standards of Conduct for Financial Advisers and Representatives
The Monetary Authority of Singapore issued these guidelines to establish conduct standards for licensed financial advisers and their representatives under the Financial Advisers Act. The document mandates adherence to core principles including integrity, objectivity, confidentiality, competence, and due care in all business activities. It further requires rigorous client due diligence, comprehensive disclosure of product features and remuneration, effective conflict of interest management, and robust complaint handling procedures.
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