FINANCIALADVISERSACT新加坡财务顾问法

THESTATUTESOFTHEREPUBLICOFSINGAPOREFINANCIALADVISERSACT(CHAPTER110)(OriginalEnactment:Act43of2001)REVISEDEDITION2007(31stMarch2007)PreparedandPublishedbyTHELAWREVISIONCOMMISSIONUNDERTHEAUTHORITYOFTHEREVISEDEDITIONOFTHELAWSACT(CHAPTER275)InformalConsolidation–versioninforcefrom1/7/2015CHAPTER110FinancialAdvisersActARRANGEMENTOFSECTIONSPARTIPRELIMINARYSection1.Shorttitle2.Interpretation3.Associatedperson4.Interestinsecurities5.AmendmentofSchedulesPARTIIFINANCIALADVISERSANDREPRESENTATIVESDivision1—FinancialAdvisers6.Needforfinancialadviser’slicence7.[Repealed]8.Applicationforgrantoffinancialadviser’slicence9.Groundsforrefusaltograntfinancialadviser’slicence10.Failuretomaintainminimumfinancialrequirementsorprofessionalindemnityinsurancepolicy11.[Repealed]12.[Repealed]13.Grantoffinancialadviser’slicence14.Licencefees15.[Repealed]16.Variationoffinancialadviser’slicence17.Falsestatementsinrelationtoapplicationforgrantorvariationoffinancialadviser’slicence18.Notificationofchangeinparticulars19.Lapsing,revocationandsuspensionoffinancialadviser’slicence20.Rightofappeal21.Useofwords“financialadviser”or“lifeinsurancebroker”22.Holdingoutasfinancialadviser23.ExemptfinancialadvisersandtheirrepresentativesInformalConsolidation–versioninforcefrom1/7/201512007Ed.Section23A.AnnualfeespayablebyexemptfinancialadvisersandcertainrepresentativesDivision2—Representatives23B.Actingasrepresentative23C.Appointedrepresentative23D.Provisionalrepresentative23E.Offences23F.Lodgmentofdocuments23G.Representativetoactforonlyoneprincipal23H.Lodgmentandannualfees23I.Additionalfinancialadvisoryservice23J.PowerofAuthoritytorefuseentryorrevokeorsuspendstatusofappointedorprovisionalrepresentative23K.PowerofAuthoritytoimposeconditionsorrestrictions23L.Falsestatementsinrelationtonotificationofappointedorprovisionalrepresentative23M.AppealsPARTIIICONDUCTOFBUSINESSDivision1—General24.[Repealed]25.Obligationtodiscloseproductinformationtoclients26.Falseormisleadingstatements,etc.,bylicensedfinancialadvisers27.Recommendationsbylicensedfinancialadvisers28.Receiptofclient’smoneyorproperty29.ObligationtofurnishinformationtoAuthority30.SavingforvalidityoftransactionsDivision2—LifeInsurance31.ApplicationofthisDivision32.Insurancebrokingpremiumaccounts33.Negotiationandplacementofriskwithunlicensedinsurer34.RepresentationsbylicensedfinancialadvisersDivision3—Securities35.ApplicationofthisDivisionFinancialAdvisers2007Ed.CAP.1102InformalConsolidation–versioninforcefrom1/7/2015Section36.LicensedfinancialadvisertodisclosecertaininterestsinsecuritiesDivision4—AppointedandProvisionalRepresentatives37.Businessconductrequirementsforappointedandprovisionalrepresentatives38.to44.[Repealed]PARTIVACCOUNTSANDAUDITDivision1—Accounts45.Accountstobekeptbylicensedfinancialadvisers46.DutyoflicensedfinancialadvisortofurnishAuthoritywithreturns,recordsandinformationDivision2—Audit47.Appointmentofauditors48.Lodgmentofannualaccounts,etc.,bylicensedfiinancialadviser49.ReportsbyauditortoAuthorityincertaincases50.PowerofAuthoritytoappointauditor51.PowersofauditorappointedbyAuthority52.Restrictiononauditor’sandemployee’srighttocommunicatecertainmatters53.Defamation54.Offencetodestroy,conceal,alter,etc.,records55.SafeguardingofrecordsbylicensedfinancialadviserPARTVPOWERSOFAUTHORITY56.Approvalofchiefexecutiveofficeranddirectoroflicensedfinancialadviser57.Removalofofficeroflicensedfinancialadviser57A.Controloftake-overoflicensedfinancialadviser57B.Objectiontocontroloflicensedfinancialadviser58.PowerofAuthoritytoissuewrittendirections59.PowerofAuthoritytomakeprohibitionorders60.Effectofprohibitionorders61.Variationorrevocationofprohibitionorders62.DateandeffectofprohibitionordersFinancialAdvisers3CAP.1102007Ed.InformalConsolidation–versioninforcefrom1/7/2015Section63.RecordstobekeptbyAuthority63A.Recordsandpublicregisterofrepresentatives64.Codes,guidelines,etc.,byAuthority65.Appointmentofassistants66.Generalprovisionsastowindingup67.PowerofAuthoritytopublishinformationPARTVISUPERVISIONANDINVESTIGATIONDivision1—General68.Self-incrimination69.SavingsforadvocatesandsolicitorsDivision2—InspectionPowersofAuthority70.InspectionbyAuthority70A.ConfidentialityofinspectionreportsDivision3—InvestigativePowersofAuthoritySubdivision(1)—General71.InvestigationbyAuthority71A.ConfidentialityofinvestigationreportsSubdivision(2)—Examinationofpersons71B.Proceedingsatexamination71C.Requirementtoappearforexamination71D.Requirementsmadeofexaminee71E.Examinationtotakeplaceinprivate71F.Recordofexamination71G.Givingcopiesofrecordtootherpersons71H.Copiesgivensubjecttoconditionsorrestrictions71I.OffencesunderthisSubdivisionSubdivision(3)—Powerstoobtaininformation72.Powertoorderproductionofbooks72A.Powertoenterpremiseswithoutwarrant73.Warranttoseizebooks,etc.74.Powerswherebooksareproducedorseized75.Powerswherebooksnotproduced76.OffencesunderthisDivisionFinancialAdvisers2007Ed.CAP.1104InformalConsolidation–versioninforcefrom1/7/2015Division4—TransferofEvidenceSection76A.InterpretationofthisDivision76B.Evidenceobtainedb