Singapore legislation

Regulation 22D

of Financial Advisers Regulations

Regulation 22D

Advertisement other than product advertisement

Amended byS 385/2018 wef 09/07/2018

Subregulation 1

A specified person must not, whether through or in collaboration with another person —

(a)

disseminate or publish any non‑product advertisement on or after 10 December 2018; or

(b)

cause to be disseminated or published any non‑product advertisement on or after 10 December 2018,unless the non‑product advertisement complies with the requirements mentioned in paragraph (2).

Subregulation 2

For the purposes of paragraph (1), the requirements are —

(a)

the non‑product advertisement is not false or misleading;

(b)

the non‑product advertisement does not contain any statement to the effect that any report, analysis or other service will be furnished free or without charge, unless such report, analysis or service is in fact or will in fact be furnished in its entirety without any condition or obligation; and

(c)

the non‑product advertisement does not contain any exaggerated statement which exploits an individual’s lack of experience and knowledge.

Subregulation 3

A specified person who contravenes paragraph (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000.

Subregulation 4

Amended byS 385/2018 wef 09/07/2018

In this regulation, “non‑product advertisement” means an advertisement, other than a product advertisement, that is in respect of the provision of any product or service that is regulated by the Act.