Financial Advisers Act 2001 · 2020 Revised Edition · Part 3 · Conduct of Business
38. Obligation to provide information to Authority
Feedback & supportLast amended by an amending law of 2009.
The Authority may, in writing, require any licensed financial adviser to provide it with information about any matter related to its business whether carried on in Singapore or elsewhere if, in the opinion of the Authority, it requires the information for the discharge of its functions under this Act.
A licensed financial adviser which has been required to provide information to the Authority under subsection (1) must comply with such requirement.
financial adviser
“financial adviser” means a person who carries on a business of providing any financial advisory service, but does not include any person specified in the First Schedule;
Any person who, without reasonable excuse, contravenes subsection (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000 or to imprisonment for a term not exceeding 12 months or to both and, in the case of a continuing offence, to a further fine not exceeding $2,500 for every day or part of a day during which the offence continues after conviction.[29