Financial Advisers Act (FAA): Primary legislation governing financial advisory services in Singapore, establishing licensing requirements and regulatory framework
Securities and Futures Act (SFA): Key legislation governing securities, futures, and derivatives markets in Singapore, including requirements for financial advice related to these products
Monetary Authority of Singapore Act: Establishes MAS as the regulatory authority and its powers to supervise financial institutions including financial advisors
MAS Guidelines on Standards of Conduct: Regulatory guidelines establishing expected professional standards and conduct for financial advisers
Financial Advisers Regulations: Detailed regulatory requirements and operational guidelines for financial advisory services
Notice FAA-N16: Specific guidelines on making recommendations on investment products to ensure fair dealing and suitable advice
Notice FAA-N03: Requirements for information disclosure to clients and product information transparency
Personal Data Protection Act: Legislation governing the collection, use, and disclosure of personal data, crucial for client information handling
Singapore Contract Law: Common law principles governing contract formation, execution, and enforcement
Employment Act: Relevant when the financial advisor is classified as an employee, governing employment terms and conditions
Licensing Requirements: Specific requirements for obtaining and maintaining financial advisor licenses and relevant qualifications
Fiduciary Duties: Legal obligations to act in the best interest of clients and maintain highest standards of integrity
Disclosure Requirements: Obligations to disclose all material information, fees, conflicts of interest, and risks to clients
Record-Keeping Requirements: Obligations to maintain proper documentation of client interactions, advice, and transactions
Professional Indemnity Insurance: Requirements for maintaining adequate professional liability insurance coverage
