Financial Advisers Act 2001

Select the provisions you wish to print using the checkboxes and then click the relevant "Print"

4 Interest in specified products

5 Amendment of Schedules

6 Need for financial adviser’s licence

7 Application for grant of financial adviser’s licence

8 Grounds for refusal to grant financial adviser’s licence

9 Failure to maintain minimum financial requirements or professional indemnity insurance policy

10 Grant of financial adviser’s licence

12 Variation of financial adviser’s licence

13 False statements in relation to application for grant or variation of financial adviser’s licence

14 Notification of change in particulars

15 Lapsing, revocation and suspension of financial adviser’s licence

17 Use of words "financial adviser" or "life insurance broker"

18 Holding out as financial adviser

19 Regulation of payment, etc., of remuneration

20 Exempt financial advisers and their representatives

21 Annual fees payable by exempt financial advisers and certain representatives

22 Acting as representative

23 Appointed representative

24 Provisional representative

26 Lodgment of documents

27 Representative to act for only one principal

28 Lodgment and annual fees

29 Additional financial advisory service

30 Power of Authority to refuse entry or revoke or suspend status of appointed or provisional representative

31 Power of Authority to impose conditions or restrictions

32 False statements in relation to notification of appointed or provisional representative

34 Obligation to disclose product information to clients

35 False or misleading statements, etc., by licensed financial advisers

36 Recommendations by licensed financial advisers

37 Receipt of client’s money or property

38 Obligation to provide information to Authority

39 Saving for validity of transactions

40 Application of this Division

41 Insurance broking premium accounts

42 Negotiation and placement of risk with unlicensed insurer

43 Representations by licensed financial advisers

44 Application of this Division

45 Licensed financial adviser to disclose certain interests in specified products

46 Business conduct requirements for appointed and provisional representatives

47 Remuneration framework for representatives and supervisors

48 Independent sales audit unit

49 Accounts to be kept by licensed financial advisers

50 Duty of licensed financial adviser to provide Authority with returns, records and information

51 Appointment of auditors

52 Lodgment of annual accounts, etc., by licensed financial adviser

53 Reports by auditor to Authority in certain cases

54 Power of Authority to appoint auditor

55 Powers of auditor appointed by Authority

56 Restriction on auditor’s and employee’s right to communicate certain matters

58 Offence to destroy, conceal, alter, etc., records

59 Safeguarding of records by licensed financial adviser

60 Prohibited businesses of licensed financial advisers in Singapore

61 Prohibition against acting for financial adviser for prohibited businesses

62 Prohibition against representative engaging in employment, etc., outside scope of appointment

63 Approval of chief executive officer and director of licensed financial adviser

64 Removal of officer of licensed financial adviser

65 Control of take-over of licensed financial adviser

66 Objection to control of licensed financial adviser

67 Power of Authority to issue written directions

72 Records to be kept by Authority

73 Records and public register of representatives

74 Codes, guidelines, etc., by Authority

75 Appointment of assistants

76 General provisions as to winding up

77 Power of Authority to publish information

78 Self-incrimination

79 Saving for advocates and solicitors

80 Inspection by Authority

81 Confidentiality of inspection reports

82 Application of this Division

83 Inspection by foreign regulatory authority

84 Duty of specified financial adviser under inspection

85 Confidentiality of inspection report by foreign regulatory authority

86 Investigation by Authority

87 Confidentiality of investigation reports

88 Proceedings at examination

89 Requirement to appear for examination

90 Requirements made of examinee

91 Examination to take place in private

92 Record of examination

93 Giving copies of record to other persons

94 Copies given subject to conditions or restrictions

95 Offences under this Subdivision

96 Power to order production of books

97 Power to enter premises without warrant

98 Warrant to seize books, etc.

99 Powers where books are produced or seized

100 Powers where books not produced

101 Offences under this Division

102 Interpretation of this Division

103 Evidence obtained by Authority may be used in criminal investigations and proceedings

104 Interpretation of this Part

105 Application of this Part

106 Conditions for provision of assistance

107 Other factors to consider for provision of assistance

108 Assistance that may be rendered

109 Offences under this Part

110 Immunity from criminal or civil liability

111 Corporate offenders and unincorporated associations

112 Offence by officers

113 Falsification of records by officers, etc.

114 Duty not to provide false information to Authority

116 Penalty for corporations

117 Composition of offences

118 Territorial scope of Act

119 Appeals to Minister

120 Appeal Advisory Committees

121 Disclosure of information

122 Regulations for purposes of this Part

123 Criminal jurisdiction of District Court

124 Opportunity to be heard

125 Power to reprimand for misconduct

126 Power of court to make certain orders

127 Power of court to prohibit payment or transfer of moneys, investment products, etc.

129 Court may have regard to claimant’s conduct

130 General exemption

131 Service of documents, etc.

132 Copies or extracts of books to be admitted in evidence

133 Translations of instruments

134 Power to make regulations giving effect to treaty, etc.

Powers where books not produced

100. Where a person fails to comply with a requirement imposed by the Authority under section 96 to produce any book, the Authority may require the person to state, to the best of his or her knowledge and belief —

(a)	the place where such book may be found; or
(b)	the person who last had possession, custody or control of such book and the place where that person may be found. [75

Search within Legislation