Regulatory Alerts2010-11-26
Added
Notice SFA 04-N10 Entry Requirements of a Provisional or Temporary Representative
The Monetary Authority of Singapore issues this notice to define the entry requirements and validity periods for provisional and temporary representatives under the Securities and Futures Act. It establishes that provisional representatives must be relocating to Singapore with at least three years of relevant experience and a bachelor's degree, while temporary representatives must be overseas-based employees with five years of experience and cannot reside in Singapore. Principals are required to notify the Authority of these appointments and certify fitness and propriety, with provisional appointments valid for up to three months and temporary appointments limited to a total of six months within a 24-month period.
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