Financial Advisers Act 2001 (FAA): Primary legislation governing financial advisory services in Singapore, including mortgage broking activities. Sets out licensing requirements, duties, and regulatory framework.
Securities and Futures Act (SFA): Regulates financial products and services, including certain aspects of mortgage-related securities and financial arrangements.
Moneylenders Act: Governs lending activities in Singapore, relevant for understanding the intersection between mortgage broking and lending regulations.
Banking Act: Provides regulatory framework for banking institutions, which is relevant for mortgage brokers dealing with banks and financial institutions.
MAS Guidelines on Fair Dealing: Regulatory guidelines ensuring fair treatment of customers, transparent communication, and ethical business practices in financial services.
MAS Guidelines on Standards of Conduct: Specific guidelines outlining expected professional behavior and standards for financial advisers and brokers.
MAS Guidelines on Fit and Proper Criteria: Criteria determining the suitability of individuals and entities to operate as financial intermediaries, including mortgage brokers.
Consumer Protection (Fair Trading) Act: Legislation protecting consumers from unfair practices, applicable to mortgage broking services and client relationships.
Personal Data Protection Act 2012 (PDPA): Governs the collection, use, and disclosure of personal data, crucial for handling client information in mortgage broking.
MAS Notice 626: Regulatory notice on Prevention of Money Laundering and Countering the Financing of Terrorism, setting out requirements for customer due diligence.
Singapore Contract Law: General principles of contract law governing the formation and enforcement of agreements, including agency relationships and broker agreements.
