Regulatory Alerts2025-12-29
Added
MAS Notice FAA-N20 Requirements for the Remuneration Framework for Representatives and Supervisors and Independent Sales Audit Unit
The Monetary Authority of Singapore issued Notice FAA-N20 to mandate specific remuneration framework requirements for licensed and exempt financial advisers. The regulation requires firms to implement a balanced scorecard framework for representatives and supervisors while establishing an independent sales audit unit to oversee compliance. These measures aim to enhance pre- and post-transaction safeguards for retail clients and promote a culture of fair dealing within the financial advisory sector.
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