MAS Form 3B -- Provisional Representative Appointment¶
Source: FAA/FAR Form 3B (Revised 30 May 2025) Legislation: Securities and Futures Act (Cap. 289) s99E / Financial Advisers Act (Cap. 110) s23D Regulations: SF(LCB)R Reg 3A / FAR Reg 4A
Overview¶
Form 3B is the notification for appointing a provisional representative under both the SFA and FAA. It is submitted by the principal (the licensed financial institution) on behalf of an individual who has not yet completed all required CMFAS examinations but meets the criteria for provisional status (e.g., relocating to Singapore with at least 3 years of relevant experience).
Key Rules¶
- Must be submitted by an authorised person of the principal (not the individual).
- Once the individual's name is entered into the MAS Public Register of Representatives as a provisional representative, the principal cannot withdraw the form.
- A non-refundable lodgment fee is payable (prescribed under SF(LCB)R Reg 6 / FAR Reg 6).
- Mandatory fields are denoted with asterisk
*.
Form Sections¶
1. General Information¶
| Field | Required | Notes |
|---|---|---|
| Full name of company (Principal) | Yes* | Legal entity name |
| Prior regulated activity since 26/11/2010 | Yes* | If Yes, provide existing Representative number |
| Representative number | Conditional | Only if previously registered |
| Name as reflected in NRIC/FIN/Passport | Yes* | Must match identity document |
| Relationship with Principal | Yes* | Employee or Self-employed |
2. Personal Information¶
| Field | Required | Notes |
|---|---|---|
| Main email address | Yes* | |
| Alternate email address | No | |
| Mobile telephone no. | Yes* | |
| Date of birth (DD/MM/YYYY) | Yes* | |
| Gender | Yes* | Male / Female |
| Nationality type | Yes* | SG Citizen / SG PR (specify) / Others (specify) |
| NRIC number | Conditional | Compulsory for SG Citizen or SG PR |
| FIN | Conditional | Compulsory for non-Singaporean (once available) |
| Passport number | Conditional | Compulsory for non-Singaporean |
3. Proposed Activity/Activities¶
The principal must indicate which regulated activities the individual intends to conduct. The individual must be appointed as a provisional representative for each specific activity type before conducting it.
Under the SFA: - Dealing in capital markets products: - Securities - Units in a collective investment scheme - Exchange-traded derivatives contracts - Over-the-counter derivatives contracts - Spot foreign exchange contracts (leveraged FX trading) - Fund management - Real estate investment trust management - Providing credit rating services - Advising on corporate finance
Under the FAA: - Advising on investment products: - Securities - Exchange-traded derivatives contracts - Over-the-counter derivatives contracts - Collective investment schemes - Spot FX contracts (leveraged / non-leveraged) - Life policies - Structured deposits - Issuing or promulgating analyses/reports on investment products (same sub-categories as above) - Arranging contracts of insurance (life policies, excluding reinsurance)
Proposed date of commencement (DD/MM/YYYY) is required. Note: the effective date may differ -- the individual must be listed on the Public Register as "Provisional" before commencing any regulated activity.
4. Overseas-based Representatives¶
| Field | Required | Notes |
|---|---|---|
| Will individual be based overseas? | Yes* | If Yes, provide reason(s) |
Only individuals from jurisdictions whose laws and practices are assessed by MAS as comparable to Singapore may be successfully notified as provisional representatives.
5. Status with Other Regulatory Bodies or Exchanges¶
Disclose the individual's status in the past 2 years with: - Any overseas regulatory authority (financial services) - Any overseas exchange
Table columns: Name of Authority/Exchange | Status (Licensed/Registered/Approved/Others) | Description of regulated activities | Principal corporation | Period (From -- To)
Additional questions: - Has the individual previously been appointed as a Provisional Representative under the SFA? - Has the individual previously been appointed as a Provisional Representative under the FAA?
Regnify Implementation Notes¶
- Form 3B maps to representative type
PROVISIONALwith a 3-month grace period for completing CMFAS exams. - The proposed activity checkboxes should be modeled as a multi-select field in the declaration form.
- The overseas-based flag affects eligibility validation (jurisdiction comparability check).
- The regulatory history table is a repeatable row group in the form.