Requirements on technology risk management for financial advisers. MIAMI – Last Friday, NASA and the Federal Aviation Administration (FAA) signed an MOU to collaborate and support commercial space activities. Requirements for financial advisers when appointing and using introducers. General principles and requirements that apply to all disclosures to clients by financial advisers and their representatives. any debenture, stock or bond issued or proposed to be issued by the Government; any right or option in respect of any debenture, stock or bond referred to in paragraph (, any book-entry Government securities as defined in section 2 of the Development Loan (1987) Act (Cap. Guidelines on safeguards to guard against representatives advising clients to switch from one designated investment product to another in a manner detrimental to the client. SINGAPORE —The Federal Aviation Administration (FAA) signed a milestone Maintenance Agreement Guidance (MAG) yesterday with the Civil Aviation Authority of Singapore (CAAS). Guidelines on the licensing admission criteria for persons applying for a financial adviserâs licence under the Financial Advisers Act. Eligibility requirements for representatives of financial advisers, including CMFAS examination and continuing education requirements. [Updated in Nov 10] 9 Under section 2 of the FAA, “financial adviser” means a person who “exchange-traded derivatives contract” has the same meaning as in section 2(1) of the Securities and Futures Act; “existing customer”, in relation to a person (, “expert investor” has the same meaning as in section 4A(1)(. Singapore, if the requisite nexus with Singapore exists. Compliance Toolkit for Approvals, Notifications and Other Regulatory Submissions to MAS for Financial Advisers, Licensing, Authorisation and Registration, Notice FAA-N20 Requirements for the Remuneration Framework for Representatives and Supervisors ("Balanced Scorecard Framework") and Independent Sales Audit Unit, Notice FAA-N13 Minimum Entry and Examination Requirements for Representatives of Licensed Financial Advisers and Exempt Financial Advisers, Guidelines on Criteria for the Grant of a Financial Adviser's Licence [FAA-G01], MAS bans four individuals for engaging in fraudulent and dishonest conduct, Notice FAA-N19 Distribution of Direct Purchase Insurance Products, Guidelines on Applications for Approval of Arrangements under Regulation 32CB of the Financial Advisers Regulations (Rg 2) [FAA-G16], FAQs on Financial Advisers Act, Financial Advisers Regulations, Notices and Guidelines, Notice FAA-N16 Recommendations on Investment Products, Practice Note on Recommendations on Investment Products [FAA PN-02], Guidelines on Applications for Approval of Arrangements under Paragraph 11 of the First Schedule to the Financial Advisers Act [FAA-G06], Financial Advisers Act (Amendment of Second Schedule) Order 2018, Guidelines on Provision of Digital Advisory Services [CMG-G02], Practice Note on the Disclosure of Remuneration by Financial Advisers [FAA PN-01], Guidelines on Switching of Designated Investment Products [FAA-G10], Guidelines on Addressing Conflicts of Interest arising from Issuing or Promulgating Research Analyses or Research Reports [FAA-G13], Guidelines for Conduct of Business for Execution-Related Advice [FAA-G08], Notice FAA-N03 Information to Clients and Product Information Disclosure, Guidelines on the Online Distribution of Life Policies With No Advice [FAA-G15], Consultation Paper on Review of Competency Requirements for Representatives Conducting Regulated Activities under the Securities and Futures Act and Financial Advisers Act, Guidelines on the Remuneration Framework for Representatives and Supervisors ("Balanced Scorecard Framework"), Reference Checks and Pre-Transaction Checks [FAA-G14], Notice FAA-N06 on Prevention of Money Laundering and Countering the Financing of Terrorism - Financial Advisers, Guidelines to Notice FAA-N06 on Prevention of Money Laundering and Countering the Financing of Terrorism, Public Consultation on Proposed Amendments to the Securities and Futures Act, Financial Advisers Act and Trust Companies Act, Consultation Paper on Regulatory Framework for Intermediaries Dealing in OTC Derivative Contracts, Execution-Related Advice, and Marketing of Collective Investment Scheme, Notice FAA-N18 Technology Risk Management, Notice FAA-N17 Reporting of Suspicious Activities and Incidents of Fraud, Consultation Paper On Proposed Amendments to the Securities and Futures Act and the Financial Advisers Act, Offers of Securities or Securities-Based Derivatives Contracts, FAQs on Section 6 of the Insurance Act and Section 33 of the Financial Advisers Act, Notice FAA-N15 Cancellation Period of Unlisted Debentures, Notice FAA-N12 Entry Requirements of a Provisional Representative, Notice FAA-N10 Prohibited Representations Made by Persons Exempted under Regulation 27(1)(d) of the Financial Advisers Regulations (Rg 2), Notice FAA-N14 Reporting of Misconduct of Representatives by Financial Advisers, Notice FAA-N02 Appointment and Use of Introducers by Financial Advisers, Guidelines for Exemption for Specialised Units Serving High Net Worth Individuals under Section 100(2) of the Financial Advisers Act [FAA-G07], âGuidelines on Structured Deposits [FAA-G09], Guidelines on Standards of Conduct for Financial Advisers and Representatives [FAA-G04], Consultation Paper on Draft Regulations Pursuant to the SFA and the FAA, Policy Consultation Paper on Amendments to the Securities and Futures Act and the Financial Advisers Act, Consultation Paper on Policy Amendments to the SFA and the FAA, Guidelines on the Use of the Term "Independent" by Financial Advisers [FAA-G05], Policy Consultation on Amendments to the SFA and FAA, Consultation Paper on Amendments to Securities and Futures Act and Financial Advisers Act, Consultation Papers on Proposed Securities and Futures Act and Financial Advisers Act, Supervisory Approach and Regulatory Instruments, Lists of Designated Individuals and Entities, Grants for Smaller Financial Institutions, Recent Economic Developments in Singapore, Singapore Overnight Rate Average (SORA) Interest Rate Benchmark, Singapore Government Securities (SGS) Bonds, Investing in Singapore Government Securities (SGS) Bonds, Investing in Singapore Savings Bonds (SSB), Brunei-Singapore Currency Interchangeability Agreement, Reproduction of Singapore Currency Images, Money and Banking Monthly Statistical Bulletin, Financial Sector Development Fund Annual Report, Monetary Authority: Assets and Liabilities, International Reserves/Foreign Currency Liquidity, Interest Rates of Banks and Finance Companies, View a list of Application Programming Interfaces (APIs), Opportunities for Mid-Career Professionals, Exempt Financial Adviser Serving up to 30 Accredited Investors. Therefore, the offering of FinTech products and services from entities based in foreign jurisdictions to persons in Singapore may have potential regulatory implications in Singapore on the part of the offeror. Requirements for financial advisers and their representatives when selling unlisted debentures to clients. This Compliance Toolkit is to guide and facilitate financial advisersâ compliance with the various MAS approval and reporting requirements and timelines. Changes to SFA and FAA regulations relating to capital markets products, product highlights sheets, fair and balanced advertisements and overseas investors exemption. Requirements for exempt persons regarding representations of their exempt status. MAS also sought comments on allowing the pledging of securities held in CDP direct accounts for collateralised trading. FAA FAR 145 International Hazardous Materials (DG) Training Date(s): *In-house training available* Register: Email to training@aais.org.sg Time: 9am – 5pm Closing Date: One week before course date. For example, financial advisory services aimed at foreigners may fall within section 6(1) of the FAA if all or part of the marketing activity is carried out in Singapore such as making telephone calls or sending emails from Singapore to … S 462/2002; S 83/2003; S 537/2003]. such other securities or class of securities as the Authority may from time to time, by a guideline issued by the Authority, determine; “capital markets products” has the same meaning as in section 2(1) of the Securities and Futures Act (Cap. U.S. Department of Transportation Federal Aviation Administration 800 Independence Avenue, SW Washington, DC 20591 (866) tell-FAA ((866) 835-5322) 32C Exemption for foreign research houses, 32CA Exemption for foreign companies providing financial advisory service in respect of specified investment products, 32CB Exemption for certain entities providing financial advisory service under approved arrangements, 32D Exemption for, and application of Regulations to, venture capital fund manager and its representatives, 33 Exemption from section 25 of Act for advising accredited investor or expert investor, 33A Exemption from section 27 for dealers and related exemptions, 34 Exemption from section 27 of Act in certain circumstances, 34A Non‑application of sections 38 and 39 of Act for certain persons, 37 Reporting requirements for exempt financial advisers, 38 Exemption of licensed financial advisers for distribution of direct purchase insurance products, 39 Exemption of specified financial advisers for distribution of direct purchase insurance products, 40 Exemption of appointed or provisional representative of exempt adviser for distribution of direct purchase insurance products, 40A Exemption of customer service officers of exempt adviser for distribution of direct purchase insurance products, 40B Definitions of terms in regulations 38 to 40B, 40BB Exemption of licensed financial adviser in relation to providing financial advisory service in respect of specified OTC derivatives contracts, 40BC Exemption of exempt financial adviser in relation to providing financial advisory service in respect of specified investment products, 40BD Exemption of person other than licensed or exempt financial advisers in relation to providing financial advisory service in respect of specified OTC derivatives contracts, 40BE Exemption of appointed representative in relation to providing financial advisory service in respect of specified investment products, 40BF Exemption of person (other than appointed representative) acting as representative in relation to any financial advisory service in respect of specified investment products, 40BG Exemption of person performing any financial advisory service in respect of specified OTC derivatives contracts for person other than licensed or exempt financial adviser, 40BH Exemption from section 23B(3) of Act, 40D Permitted businesses under section 55A(1)(iii) of Act, 40E Prescribed criteria for consent under section 55C(2) of Act. Guidelines on the standards dealers and their representatives are required to adhere to when providing execution-related advice to clients. 289) who does not carry on business in any regulated activity (as defined in that Act) other than the management of portfolios of specified products on behalf of venture capital funds. Requirements for financial advisers to lodge a report to the Monetary Authority of Singapore (MAS), upon discovery of misconduct committed by their representatives. Exercise normal precautions in Singapore. The regulations implement statutory requirements. The MOU paves the way for Suborbital flights, which would let you travel halfway around the world in less than an hour. 50); “foreign exchange OTC derivatives contract” means an OTC derivatives contract entered into on a margin basis the value of which is determined by reference to, is derived from, or varies by reference to —, the value or amount of any currency or currency index; or. Guidelines for financial advisers on the requirements in Notice FAA-N20, which sets out measures for the design and operation of the balanced scorecard framework and independent sales unit. 289, Rg 10); “venture capital fund manager” means a holder of a capital markets services licence for fund management under the Securities and Futures Act (Cap. Governs the regulation of financial advisers in Singapore, including their representatives and supervisors. 167); “guideline issued by the Authority” means a guideline or other document issued by the Authority under section 64 of the Act; “institutional investor” has the same meaning as in section 4A(1)(. any amount on account of any liability related to the share capital of the corporation shall not be taken into account. fluctuations in the values or amounts of any currency or currency index; “futures contract” has the same meaning as in section 2(1) of the Securities and Futures Act; “Government securities” means securities issued or proposed to be issued by the Government, and includes —. Copyright © 2021 Government of Singapore. Proposed amendments to enhance and harmonise MAS authorisation and supervisory powers across the SFA, FAA and TCA. any book-entry Treasury Bill as defined in section 2 of the Local Treasury Bills Act (Cap. 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