In forceUpdated to 30 Jun 2025Current version · Updated to 30 Jun 2025See versions on Singapore Statutes Online(opens the publisher’s site)
Financial Services and Markets Act 2022 · Updated to 30 Jun 2025 · Part 12 · Miscellaneous
Financial Services and Markets Act 2022 · Updated to 30 Jun 2025 · Part 12 · Miscellaneous
Official textFrom Singapore Statutes Online, unchanged
For the purpose of determining whether a person is a fit and proper person in relation to this Act or any provision of this Act, the Authority may issue or adopt Guidelines on Fit and Proper Criteria.
The Authority may, at any time, vary or revoke the Guidelines on Fit and Proper Criteria mentioned in subsection (1), or any part of the Guidelines.
The Authority must —
ensure that the Guidelines on Fit and Proper Criteria, or their variation or revocation, are published on the Authority’s website;
specify in the publication, the date on which the Guidelines on Fit and Proper Criteria, or their variation or revocation, take effect; and
ensure that the Guidelines on Fit and Proper Criteria (including any variation to them) remain available to the public for access and inspection without charge.
To avoid doubt, the Guidelines on Fit and Proper Guidelines mentioned in subsection (1) are deemed not to be subsidiary legislation.
Part 13
Part 14