The Monetary Authority of Singapore (MAS) has issued several revised forms applicable to exempt financial advisers, including forms for the notification of the commencement of business, the termination of business, and the change in particulars, and for the declaration of compliance with all applicable laws and regulations at year end.
The affected forms are linked below:
Form 20 – Notice of Commencement of Business by Persons Exempt from Holding a Financial Adviser’s Licence under Section 23(1)(f) read with Regulation 27(1)(d)
Form 21 – Notice of Change of Particulars by Persons Exempt from Holding a Financial Adviser’s Licence under Section 20(1)(g) read with Regulation 27(1)(d)
Form 22 – Notice of Cessation of Business by Persons Exempt from Holding a Financial Adviser’s Licence under Section 23(1)(f) read with Regulation 27(1)(d)
Form 23 – Declaration by Persons Exempt from Holding a Financial Adviser’s Licence under Regulation 27(1)(d)
Please ensure to keep the deadlines for submitting the forms (e.g. within 14 days after the cessation of business (Form 22 ) or 14 days after the end of the financial year (Form 23) and to follow the instructions in the forms for the submissions.
Form 20 – Notice of Commencement of Business by Persons Exempt from Holding a Financial Adviser’s Licence under Section 20(1)(g) read with Regulation 27(1)(d) Form 21 – Notice of Change of Particulars by Persons Exempt from Holding a Financial Adviser’s Licence under Section 20(1)(g) read with Regulation 27(1)(d) Form 22 – Notice of Cessation of Business by Persons Exempt from Holding a Financial Adviser’s Licence under Section 20(1)(g) read with Regulation 27(1)(d) Form 23 – Declaration by Persons Exempt from Holding a Financial Adviser’s Licence under Regulation 27(1)(d)
ID
22444
Other Features
financial advisors
notifications
registration
Date Published: 2023-03-23
Regulatory Framework: Financial Advisers Act
Regulatory Type: form
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