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Chap 5 - Coggle Diagram
Chap 5
Notice 15
Client must always have the right to
cancel any agreements to purchase UDs
Regarding unlisted debentures (UDs)
Not applicable to UDs with
tenure of 3mths or less
Applicable to
Exempt FAs
Holders of FA license
Persons exempt under Regulation 29
Notice 14
Regarding reporting of misconduct
Fraud or dishonesty
Police report lodged and
copy sent to MAS
Principal must submit
not later than 14 days
to MAS
Update report must be sent
if
investigation has not been concluded
No misconduct report
for any calendar year
Annual declaration submitted to MAS
no later than 14 days
after 31 Dec of that year
Which of the following are not actions FAs can take against their representatives for misconduct?
Disciplinary Action
taken by FAs
Ensure
consistency
in application
of disciplinary action
Examples
Suspension
Fine
Restitution of
misappropriated moneys
Introducers
Requirements
Representatives not allowed to enter into arrangement with introducer
Individuals/corporation should not be full-time introducers
Notice 12
CMFAS Exam requirements
Not applicable to
Structured deposit
Spot forex contracts other than
for leveraged forex trading
Minimum requirements
CIS
M5, M8, M8A
Life policies
M5, M9, M9A
Institute of Banking
and Finance (IBF)
1 to 4, 6 and 10
SCI
5, 8, 9
Futures
M5, M6A
Retaking