Regulatory Alerts2021-06-28
Added
Guidelines on Structured Deposits [FAA-G09]
The Monetary Authority of Singapore issued these guidelines to establish standards of conduct for licensed and exempt financial advisers advising on structured deposits. The document mandates clear product disclosure, including risks and benefits, and requires advisers to maintain competency through specific training and examination modules. It further enforces strict segregation of advisory and deposit-taking activities to prevent client confusion and ensure appropriate warnings are provided.