Regulatory Alerts2020-04-08
Added · Updated
Notice on Minimum Entry and Examination Requirements for Representatives of CMS Licence Holders and Exempt Financial Institutions
This notice establishes minimum entry requirements for appointed representatives, including a minimum age of 21 and specific academic qualifications such as GCE O-Level passes or relevant degrees. It mandates that specific representatives pass relevant modules of the Capital Markets and Financial Advisory Services (CMFAS) Exam based on their regulated activities, with detailed module requirements provided in Tables 1 and 2. The document also outlines circumstances under which CMFAS exam requirements do not apply, such as for individuals with specified qualifications, work experience, or those dealing exclusively with government securities or accredited investors.
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