Regulatory Alerts2005-07-01
Added
Guidelines on the Use of the Term "Independent" by Financial Advisers
The Monetary Authority of Singapore issues these guidelines to regulate the use of the term "independent" by financial advisers under the Financial Advisers Act. Advisers must demonstrate they have no financial or commercial links with product providers that could influence their recommendations, ensuring advice remains objective and impartial. The document outlines specific criteria regarding commissions, product restrictions, and ownership structures to determine compliance with regulatory requirements.
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