Regulatory Alerts2025-12-29
Added
Guidelines on the Remuneration Framework for Representatives and Supervisors and Reference Checks
The Monetary Authority of Singapore issues these guidelines to operationalize the Balanced Scorecard Framework and Independent Sales Audit Unit requirements for licensed financial advisers. The document mandates specific post-transaction checks, infraction classifications, and strict supervisory measures for representatives and supervisors receiving low performance grades. It further regulates reference checks by requiring the disclosure of balanced scorecard grades and imposes restrictions on recruiting individuals with poor performance histories.
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