Singapore legislation
Regulation 9
Regulation 9
Variation of financial adviser’s licence
Subregulation 1
An application for the variation of a financial adviser’s licence under section 12 of the Act shall be in Form 2 and shall be lodged with the Authority together with any relevant annex and information as may be specified in the Form or by the Authority from time to time.
Subregulation 2
Where the Authority adds to, varies or revokes any condition or restriction of a financial adviser’s licence under section 10(3) of the Act or imposes further conditions or restrictions on such a licence, the Authority may cancel the licence and issue a new licence to the licensed financial adviser indicating the applicable conditions or restrictions.
Subregulation 3
Where the Authority —
has approved an application of a licensed financial adviser under section 12(1)(a) of the Act to add to its licence one or more types of financial advisory service authorised to be provided by its licence; or
has approved an application of a licensed financial adviser under section 12(1)(b) of the Act to add to its licence one or more of the following types of investment product in relation to which it provides any financial advisory service:
securities;
units in a collective investment scheme;
exchange-traded derivatives contracts;
OTC derivatives contracts;
(iva)spot foreign exchange contracts;
life policies;
structured deposits,the Authority may cancel the licence and issue a new licence to the licensed financial adviser indicating the added type of financial advisory service or type of investment product.
Subregulation 4
[Deleted by S 62/2025 wef 24/01/2025]