Financial Advisers Act 2001 · 2020 Revised Edition · Part 6 · Supervision and Investigation
82. Application of this Division
Feedback & supportLast amended by an amending law of 2022. 3 amendments in all.
This Division does not apply to an inspection by a foreign regulatory authority of the books of a specified financial adviser in Singapore if —
the foreign regulatory authority is an AML/CFT authority as defined in section 17 of the Financial Services and Markets Act 2022 and exercises consolidated supervision authority as defined in that section over that specified financial adviser; and
the inspection is solely for the purposes of such consolidated supervision.[70B
supervision
“supervision”, in relation to a regulatory authority, means the taking of any action for or in connection with the supervision of a subject matter in the foreign country of the regulatory authority, being a subject matter relating to any financial advisory service.[77