MAS pushes for tighter rules on financial advisers

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The Monetary Authority of Singapore (MAS) today issued a consultative document setting out proposals to tighten the regulation of financial advisers in the country. If implemented, financial advisers will have to be better qualified, do more to avoid conflicts of interest and operate with higher capital levels.

A report by the Financial Advisory Industry Review (Fair) Panel, published on January 16, made 28 recommendations to improve the competence, stability and efficiency of financial advisers

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