Singapore MAS Expects Financial Advisory Firms to Assess Quality & Effectiveness of Trainers Provided to Representatives, Public Letter Highlights Some Trainers Providing Training But are Not Financially Trained
2nd December 2024 | Hong Kong
The Monetary Authority of Singapore (MAS) expects financial advisory firms to assess the quality & effectiveness of trainers provided to representatives, with a public letter highlights some trainers are providing training but are not financially trained. Singapore MAS (2/12/24): “We refer to Mr Derrick Yip’s letter on the qualification of trainers who conduct training courses for financial advisory professionals (Look into training of financial professionals by those who are not financially trained, Nov 27). The Monetary Authority of Singapore (MAS) requires financial advisory firms to ensure that their representatives are competent and possess the relevant knowledge and skills to provide financial advice to customers. Financial advisory firms are expected to assess the quality and effectiveness of both in-house and external training provided to their representatives. This includes reviewing the credentials, qualifications and track record of the trainer, the content and coverage of the training provided, as well as feedback from previous attendees where applicable. As part of its supervisory process, MAS will engage financial advisory firms that are found lacking, to make the appropriate improvements to their governance and controls. We thank the Insurance and Financial Practitioners Association of Singapore for its feedback.”
“ Singapore MAS Expects Financial Advisory Firms to Assess Quality & Effectiveness of Trainers Provided to Representatives, Public Letter Highlights Some Trainers Providing Training But are Not Financially Trained “
Singapore MAS Expects Financial Advisory Firms to Assess Quality & Effectiveness of Trainers Provided to Representatives, Public Letter Highlights Some Trainers Providing Training But are Not Financially Trained
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit