Singapore legislation
Clause 30
Clause 30
Repeal and re-enactment of section 63 and new section 63A
Section 63 of the principal Act is repealed and the following sections substituted therefor:“Records to be kept by Authority63.—
The Authority shall keep in such form as it thinks fit records of licensed financial advisers setting out the following information of each of them:
its name;
the address of the principal place of business at which it carries on the business in respect of which the licence is held;
the type or types of financial advisory service and investment product to which its licence relates;
where the business is carried on under a name or style other than the name of the holder of the licence, the name or style under which the business is carried on;
officers removed by it from office or employment on the direction of the Authority under section 57; and
such other information as may be prescribed.(2) The Authority shall also keep in such form as it thinks fit records on persons against whom prohibition orders are made under section 59.(3) The Authority may publish the records referred to in subsections (1) and (2), or any part of them in such manner as it considers appropriate.(4) Any person may, upon payment of such fee as may be prescribed, inspect and take an extract from the records established under subsection (1) or (2), and any such extract, certified by the Authority to be a true copy, shall be admissible as prima facie evidence of the matter stated therein in any legal proceedings.Records and public register of representatives63A.—
The Authority shall keep in such form as it thinks fit records of the following information of each appointed representative and provisional representative:
his name;
the name of his current principal and every past principal (if any);
the current and past types of financial advisory service provided by him, and the date of commencement and cessation (if any) of such service;
where the business of the principal for which he acts is carried on under a name or style other than the name of the principal, the name or style under which the business is carried on;
disciplinary proceedings or other action taken by the Authority against him and published under section 67; and
such other information as may be prescribed.(2) The information referred to in subsection (1) need only be kept for such period of time as the Authority considers appropriate.(3) The Authority may reproduce the records referred to in subsection (1) or any part of them in a public register of representatives which shall be published in such manner as it considers appropriate.”.