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Register of interests in listed specified products

Financial Advisers Regulations

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—(1) Each of the following persons (referred to in this regulation and regulation 20B as a relevant person), namely:(a)a licensed financial adviser who provides any financial advisory service in respect of listed specified products; and(b)a representative of such a financial adviser,shall —(i)maintain a register of his interests in listed specified products; (ii)enter in the register, within 7 days after the date that he acquires any interest in listed specified products, particulars of the listed specified products in which he has an interest and particulars of his interest in those listed specified products; (iii)retain that entry in an easily accessible form for a period of not less than 5 years after the date on which such entry was first made; and(iv)ensure that a copy of the register is kept in Singapore.(2) Where there is a change in any interest in listed specified products of a relevant person, he shall —(a)enter in the register, within 7 days after the date of the change, particulars of the change including the date of the change and the circumstances by reason of which the change has occurred; and(b)retain that entry in an easily accessible form for a period of not less than 5 years after the date on which such entry was first made.(3) A relevant person shall, upon the Authority’s request —(a)produce for the Authority’s inspection the register of his interests in listed specified products; and(b)allow the Authority to make a copy of, or take extracts from, the register.(4) The Authority may provide a copy of an extract from a register obtained under paragraph (3) to any person who, in the opinion of the Authority, should in the public interest be informed of the dealing in listed specified products disclosed in the register.(5) In this regulation and regulation 20B, “listed specified products” means specified products which are listed for quotation, or quoted, on an organised market that is operated by an approved exchange or a recognised market operator.(6) Any relevant person who contravenes paragraph (1), (2) or (3) shall be guilty of an offence.

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