Regulatory Alerts2022-11-04
Added
Guidelines to Notice SFA04-N16 on Execution of Customers' Orders
The Monetary Authority of Singapore issued these guidelines to provide guidance on Notice SFA04-N16 regarding the execution of customers' orders. The document applies to Capital markets services licensees, banks, merchant banks, and finance companies conducting regulated activities under the Securities and Futures Act. It requires these entities to establish policies and procedures to place and execute customer orders on the best available terms to ensure fair outcomes.
Guidelines
Last Revised Date: 04 November 2022
Guidelines to Notice SFA04-N16 on Execution of Customers' Orders
Guidance on Notice SFA04-N16 on the requirements relating to the execution of customers’ orders.
View Document
Guidelines to Notice SFA04-N16 on Execution of Customers' Orders
(181.2 KB)
These guidelines apply to
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Capital markets services (CMS) licensees; and
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Banks, merchant banks and finance companies
which conduct the regulated activities of dealing in capital markets products, fund management or real estate investment trust management under the SFA.
They set out guidance on the requirements in Notice SFA04-N16 on Execution of Customers’ Orders to have policies and procedures to place and execute customers’ orders on the best available terms to support fair outcomes for customers. They should be read in conjunction with the Notice.
04 Nov 2022
Current version takes effect on 4 November 2022 (181.2 KB) 03 Sep 2020 Previous version dated 3 September 2020 (578.8 KB) [Cancelled]
Requirements on execution of customers’ orders