Regulatory Alerts2018-10-02
Added · Updated
MAS Notice FAA-N03 Information to Clients and Product Information Disclosure
The Notice establishes disclosure standards for licensed and exempt financial advisers and their representatives regarding information provided to clients. It mandates written disclosure of the adviser's business details, authorized services, and all remuneration, including commissions and fees, directly related to investment recommendations. Specific requirements are imposed on the disclosure of designated investment products, covering their nature, risks, fees, and performance illustrations, while prohibiting false or misleading statements and restricting future performance forecasts for collective investment schemes.
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