Monday, April 6, 2015

Updates to Practice Note on Recommendations on Investment Products (“FAA PN-02”)

The Monetary Authority of Singapore (“MAS”) has updated the Practice Note on Recommendations on Investment Products (“FAA PN-02”). Clients of financial advisers may now obtain and demonstrate their knowledge to transact in an unlisted Specified Investment Product (“SIP”) by passing the assessment at the end of the e-learning module by The Association of Banks in Singapore and the Securities Association of Singapore in respect of that unlisted SIP.

For more information, please read our regulatory update on the issue here.

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