Regulatory Alerts2021-02-19
Added
Notice 306 Market Conduct Standards for Life Insurers Providing Financial Advisory Services
The Monetary Authority of Singapore issued Notice 306 to establish market conduct standards for direct life insurers providing financial advisory services under the Financial Advisers Act. The regulation mandates specific requirements regarding the appointment of representatives, maximum tier structures, training and competency, compliance units, and remuneration practices. These standards aim to ensure proper governance and ethical conduct within the life insurance sector's advisory operations.
Share