Regulatory Alerts2024-04-01
Added
Notice FAA-N26 Competency Requirements for Representatives of Financial Advisers
The Monetary Authority of Singapore issued Notice FAA-N26 to establish eligibility and ongoing competency requirements for representatives of licensed and exempt financial advisers. The notice mandates minimum entry criteria, specifies the application of Capital Markets and Financial Advisory Services examination requirements, and outlines continuing professional development obligations. It further requires financial advisers to maintain registers documenting their representatives' compliance with these examination and development standards.
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