Financial Advisers Act 2001 · 2020 Revised Edition · Part 4A · Prohibited Businesses
62. Prohibition against representative engaging in employment, etc., outside scope of appointment
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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 —
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 employment with another person; or
any business, trade, profession or vocation, whether for himself or herself or another person.
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.
appointed representative
“appointed representative”, in respect of a type of financial advisory service, has the meaning given to that expression by section 23, and “appointed representative” means an appointed representative in respect of any type of financial advisory service;
Any person who contravenes this section shall be guilty of an offence.
A written notice issued under this section need not be published in the Gazette.[55C