Singapore legislation

Section 62

of Financial Advisers Act 2001

Section 62

Prohibition against representative engaging in employment, etc., outside scope of appointment

Amended by18/201518/201518/201518/2015

(1)

Except with the consent of the financial adviser, an appointed representative or a provisional representative of a financial adviser must not engage in, whether or not for remuneration —

(a)

any employment with another person; or

(b)

any business, trade, profession or vocation, whether for himself or herself or another person.

Amended by18/2015

(2)

The financial adviser must not give its consent to the appointed representative or provisional representative unless it is satisfied that the criteria prescribed under section 135 or specified by the Authority by written notice, for the purposes of this section have been satisfied.

Amended by18/2015

(3)

Any person who contravenes this section shall be guilty of an offence.

Amended by18/2015

(4)

A written notice issued under this section need not be published in the Gazette.[55C

Amended by18/2015
Section 62 — Financial Advisers Act 2001 | laws.sg