Regulatory Alerts2021-06-28
Added
Notice FAA-N11 Dual Currency Investments
The Monetary Authority of Singapore issued Notice FAA-N11 to establish requirements for licensed and exempt financial advisers advising on dual currency investments. The notice mandates specific disclosures regarding the use of terms like 'Deposit', additional product information, and risk warnings, while explicitly excluding accredited, expert, institutional, and high net worth individuals. It also governs compliance with guidelines on structured deposits and safeguards against detrimental product switching by representatives.
Topics
Share