Regulatory Alerts2019-01-04
Added
Notice SFA 04-N12 Sale of Investment Products
The Monetary Authority of Singapore issued Notice SFA 04-N12 to impose conduct requirements on capital markets services licensees and financial institutions dealing in specified investment products. The notice mandates that these entities must conduct a Customer Account Review before opening accounts for listed specified investment products and a Customer Knowledge Assessment for unlisted specified investment products. It further establishes documentation and record-keeping standards to ensure appropriate customer suitability checks are performed for retail clients.
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