Singapore legislation
Regulation 8A
Regulation 8A
Cessation of status of appointed representative
For the purpose of section 23(4)(e) of the Act, unless the Authority has revoked the status of an individual as an appointed representative under section 30(1) of the Act or suspended that status under section 30(2)(a) of the Act, the individual shall cease to be an appointed representative in respect of all types of financial advisory service if —
before the end of the period of 6 months (or such longer period as the Authority may allow in any particular case) starting on the date on which the individual’s name was entered in the public register of representatives as an appointed representative, the appointed representative has not commenced to act as a representative in at least one of the financial advisory services that the individual was appointed to provide as a representative; or
the appointed representative —
has ceased to act as a representative in respect of all of the financial advisory services he was appointed to provide as a representative; and
has not resumed acting as a representative in respect of any of those financial advisory services for a continuous period of one month from the date of cessation,and his principal has not notified the Authority of such cessation at any time during that period of one month.