Section 82
Application of this Division
of Financial Advisers Act 2001
ActIn forceProvision 82 of 138
Section 82
Amended by18/201531/2017
This Division does not apply to an inspection by a foreign regulatory authority of the books of a specified financial adviser in Singapore if —
(a)
the foreign regulatory authority is an AML/CFT authority as defined in section 152 of the Monetary Authority of Singapore Act 1970 and exercises consolidated supervision authority as defined in that section over that specified financial adviser; and
(b)
the inspection is solely for the purposes of such consolidated supervision.[70B