Singapore legislation
Clause 4
Clause 4
Amendment of section 7
Section 7 of the principal Act is amended by deleting subsection (1) and substituting the following subsection:“(1) No person shall act as or hold himself out to be a representative of a financial adviser unless the following conditions are satisfied:
(a)
that person is an individual;
(b)
where the financial adviser is a licensed financial adviser, that person holds a representative’s licence that is related to that financial adviser; and
(c)
where the financial adviser is an exempt financial adviser, that person is a representative of that financial adviser.”.