The new Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) (Amendment) Regulations 2023 were published on Singapore Statutes Online, the official online platform for publicizing legal documents. The regulations modify the Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021, a supplementary regulation under the Financial Advisers Act, to make minor, primarily technical amendments.
Specifically, the 2023 regulations modify regulations 2, 4, 5, and 6 of the 2021 regulations to replace and update outdated legal references following, among others, the revisions of the titles of all acts in Singapore last year and to make other miscellaneous, non-material changes.