Compliance Toolkit for Financial Advisers — Approvals, Notifications and Regulatory Submissions to MAS under the Financial Advisers Act 2001¶

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COMPLIANCE TOOLKIT FOR FINANCIAL ADVISERS Approvals, Notifications and Regulatory Submissions
to MAS under the Financial Advisers Act 2001

ISSUED 10 February 2026

Key Legislative and Regulatory Requirements
Covered:

Financial Advisers Act (FAA)1
Financial Advisers Regulations (FAR)2
Financial Advisers (Complaints Handling And Resolution) Regulations

2021 (“FA(CHR)R”)3

Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign

Related Corporations) Regulations 2021 (“FA(ECBA)(FRC)R”)

Financial Advisers (Exemption for Cross-Border Arrangements) (Foreign

Office) Regulations 2021 (“FA(ECBA)(FO)R”)

Licence Conditions imposed on a Licensed Financial Adviser (LFA)
Guidelines on Licence Applications, Representative Notification and

Payment of Fees (CMG-G01)4

Notice FAA-N14 Reporting of Misconduct of Representatives by Financial

Advisers5

Notice FAA-N20 Requirements for the Remuneration Framework for

Representatives and Supervisors (“Balanced Scorecard Framework”) and Independent Sales Audit Unit6

Notice FAA-N22 Requirements in Relation to Cross-Border Arrangements

under the FA(ECBA)(FRC)R

Notice FAA-N23 Requirements in Relation to Cross-Border Arrangements

under the FA(ECBA)(FO)R

1 https://sso.agc.gov.sg/Act/FAA2001 2 https://sso.agc.gov.sg/SL/110-RG2?DocDate=20200929 3 https://sso.agc.gov.sg/SL/FAA2001-S912-2021?DocDate=20211130 4 https://www.mas.gov.sg/regulation/guidelines/guidelines-on-licence-applications-representative-notification-and- fees-cmg-g01 5 https://www.mas.gov.sg/regulation/notices/notice-faa-n14 6 https://www.mas.gov.sg/regulation/notices/notice-faa-n20 ISSUED 10 February 2026

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Description of Document:

This compliance toolkit provides guidance to financial advisers (FAs) on:
• • •

Applications requiring approval from MAS; Notifications to be submitted to MAS; and Regulatory submissions to MAS (e.g. financial returns)

This toolkit includes the common applications, notifications or other submissions required to be made to MAS under the FAA, its subsidiary legislation and applicable Notices and Guidelines. It excludes approvals, notifications or other submissions which may be imposed by MAS bilaterally on FAs due to the FA’s specific circumstances.

This toolkit is not exhaustive and excludes reporting obligations that fall outside the FAA. FAs should still familiarise themselves with all applicable regulatory requirements to ensure compliance with the relevant laws and regulations.

FAs are welcomed to provide suggestions on how this toolkit can be improved via www.mas.gov.sg/contact-us.

This toolkit is made up of four sections:

Section A: Applications, Notifications and Regulatory Submissions Applicable to Licensed Financial Advisers under Section 10 of the FAA • Section A1: Applications for approval from MAS • Section A2: Notifications to be submitted to MAS • Section A3: Regulatory submissions to MAS

Section B: Applications, Notifications and Regulatory Submissions Applicable to Exempt Financial Advisers under Section 20(1)(a), (b), (c), (d) and (e) of the FAA • • •

Section B1: Applications for approval from MAS Section B2: Notifications to be submitted to MAS Section B3: Regulatory submissions to MAS

Section C: Applications, Notifications and Regulatory Submissions Applicable to Exempt Financial Advisers under Section 20(1)(g) of the FAA

Section D: Notifications and Regulatory Submissions Applicable to Licensed Financial Advisers under Section 10 of the FAA and Exempt Financial Advisers under Section 20(1)(a), (b), (c), (d) and (e) of the FAA in relation to their representatives

ISSUED 10 February 2026

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Relevant to:

Licensed Financial Advisers (LFAs) under Section 10 of the FAA
Exempt Financial Advisers under Section 20(1)(a), (b), (c), (d) and (e) of

the FAA

Exempt Financial Advisers under Section 20(1)(g) of the FAA

Method of Submission:

Please refer to the relevant application, notification or other forms on the MAS website for instructions on how to submit the forms.

For email submissions to MAS, entities should encrypt (e.g. using AES 256 encryption or higher, with the corresponding password (minimum 12 characters in length or encryption key) all information and data which are confidential or sensitive before submitting them to MAS. The password should be communicated to MAS through a different channel.

Entities that do not have an assigned MAS review officer (e.g. entities applying for a Financial Adviser’s Licence) should send their submissions via www.mas.gov.sg/contact-us.

For submissions via FormSG and MAS-Tx, entities should not encrypt any uploaded attachments.

Entities may login to MAS-Tx to see the due dates and obtain email reminders for regular returns; and to obtain copies of their submissions. Entities may also limit user access to a specific category of transactions only. Please refer to the column “MAS-Tx Category (Transaction Name)” to determine which category each transaction belongs to and the corresponding transaction name. You may refer to the user guide on MAS-Tx for further details on assigning user access.

Version Control:

Version 3.9 issued on 10 February 2026

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Section A: Applications, Notifications and Regulatory Submissions Applicable to Licensed Financial Advisers under Section 10 of the FAA

S/N

Requirements

Form to be Submitted

Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

Section A1: Applications for approval from MAS

To seek MAS’ approval for the grant of FA licence to conduct financial advisory services regulated under the FAA

Form 1 – Application for a Financial Adviser’s Licence7

Prior to conducting regulated activities under the FAA

Section 7(1) of the FAA read with Regulation 7 of the FAR

Website (www.mas.gov.sg /contact-us)

NA

To seek MAS’ approval to conduct additional types of regulated activity under the FAA

Form 2 - Application for Variation of a Financial Adviser’s Licence6

Prior to conducting additional regulated activity under the FAA

Section 12(1) of the FAA read with Regulation 9 of the FAR

MAS-Tx

To seek MAS’ approval for the appointment of a Chief Executive Officer (CEO) or Director; or for the change in the nature of Director appointment from Non-Executive to Executive

Form 11 - Appointment of CEO or Director/Change of Director's Nature of Appointment from Non- Executive to Executive

Prior to the appointment of CEO or Director; or the change in the nature of Director’s appointment

MAS-Tx

Section 63(1) of the FAA read with Regulation 13(1) of the FAR

4

For an acquirer to seek MAS’ approval to obtain effective control of an LFA

Prior to obtaining effective control of an LFA

Section 65(2) of the FAA

MAS-Tx

Application for Approval to obtain Effective Control of a Licensed Financial Adviser under Section 65(2) of the Financial Advisers Act

Entity Activities & Particulars (Add Financial Advisory Activity - Form 2)

Shareholders & Management (Appointment of FA CEO/Director - Form 11)

Shareholders & Management (Approval for Change in Controller of a Licensed FA)

5

For an LFA/acquiree seeking MAS’

No prescribed form

Prior to the change

Licence condition

MAS-Tx

Shareholders &

7 Application fee is applicable - please refer to CMG-G01 Guidelines on Licence Applications, Representative Notification and Payment of Fees for more details. ISSUED 10 February 2026

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Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

S/N

Requirements

Form to be Submitted

approval for any change of members or shareholdings of members which will result in any person, alone or acting together with any connected person, being in a position to control equal or more than 20% of the voting power in or hold interest in equal or more than 20% of the issued shares of the LFA

Regulatory Deadline

of members or shareholdings of members of an LFA

6

To seek MAS’ approval to acquire or hold, whether directly or indirectly, an interest of 20% or more of the share capital of any corporation; or establish any branch (whether in Singapore or elsewhere).

No prescribed form

Prior to the acquisition or control of a corporation, or the establishment of any branch

Licence condition

MAS-Tx

7

8

To seek MAS’ approval to reduce the LFA’s paid-up capital

No prescribed form

Prior to reduction of paid-up capital

Licence condition

MAS-Tx

To seek MAS’ approval to disclose inspection reports issued by MAS or a foreign regulatory authority, to a person other than the auditor of the financial adviser in connection with the

No prescribed form

Prior to disclosing the inspection report

Sections 81 and 85 of the FAA

MAS-Tx

ISSUED 10 February 2026

Management (Approval for Change in Controller of a Licensed FA)

Entity Activities & Particulars

For acquisition or control of a corporation:
(Establish/Acquire/Hold Major Stake in a Corporation)

For establishment of any branch:
(Establish New Branch or Business Operations) Entity Activities & Particulars (Reduce Paid-up Capital) Incident & Breach Reporting (Disclosure of Inspection/Investigatio n Report)

6

S/N

Requirements

Form to be Submitted

Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

performance of duties of the auditor for that financial adviser

This applies to any financial adviser subject to inspection by MAS or a foreign regulatory authority

9

To seek MAS’ approval to disclose investigation reports issued by MAS to a person other than the auditor of the financial adviser in connection with the performance of duties of the auditor for that financial adviser

This applies to any financial adviser subject to MAS’ investigation

No prescribed form

Prior to disclosing the investigation report

Section 87 of the FAA

MAS-Tx

Incident & Breach Reporting (Disclosure of Inspection/Investigatio n Report)

10

To seek MAS’ approval to negotiate contract of insurance and place risk with unlicensed insurer

Approval to place risks with overseas insurers

Prior to negotiating contract of insurance

Section 42(4) of the FAA

MAS-Tx

Entity Activities & Particulars (Approval to place risks with overseas insurers)

This applies to any negotiation or placement that is unable to meet the conditions specified in Annex 1 of the Circular No. CMI 27/2022.

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S/N

Requirements

Form to be Submitted Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

Section 14(1)(b) of the FAA

MAS-Tx

Section 14 of the FAA and Regulation 12 of the FAR

MAS-Tx

Entity Activities & Particulars (Change of FA Name/Place of Business - Form 4) Entity Activities & Particulars (Cessation of Financial Advisory Activity - Form 5)

Within 14 days from the date of change

For (a), within 14 days after the cessation of any or all regulated activities

For (b), immediately

11

Section A2: Notifications to be submitted to MAS To notify MAS of a change of name or change of address of principal place of business

12

To notify MAS where an LFA:

(a) ceases to carry on business in any or all regulated activities; or

(b) has not commenced business in any

or all regulated activities by the end of the period of 6 months from the date of grant of the licence

Form 4 – Notice of Change of Name and/or Change of Principal Place of Business Form 5 - Notice of Cessation of Provision of Financial Advisory Services by a Licensed Financial Adviser (and Representative of such a Licensed Financial Adviser)

Accompanied by an auditor’s certification that the Licensed Financial Adviser has fully discharged all customer obligations before ceasing its business or activity

13

To notify MAS of any matter which may adversely affect an LFA’s financial position to a material extent

ISSUED 10 February 2026

No prescribed form

Immediately

Licence condition

MAS-Tx

Incident & Breach Reporting (Material Adverse Change to Financial Position)

8

S/N

Requirements

Form to be Submitted Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

No prescribed form

Immediately

Licence condition

MAS-Tx

No prescribed form

Immediately

Licence condition

MAS-Tx

Shareholders & Management (Update CEO/Director Status or Business Interests)

Incident & Breach Reporting (Fitness & Propriety Concerns)

14

To notify MAS of: (i) the resignation of the CEO or any

Director;

(ii) any change in the nature of the appointment of a Director from Executive to Non-Executive;
(iii) any change in country of residence of the CEO or any Director; and
(iv) any change in the business interests

or shareholdings of the CEO or any Director provided in Form 11

15

To notify MAS where an LFA becomes aware:
(i)

that it or any of its officers or representatives is the subject of an investigation or when any civil or criminal proceedings are instituted against it or any of its officers or representatives, whether in Singapore or elsewhere;
(ii) of any offence committed by or

disciplinary action taken against it or any of its officers or representatives, whether in Singapore or elsewhere;
(iii) of any breach of any laws or regulations, business rules or codes of conduct, whether in Singapore or elsewhere; or
(iv) of any other matter that would affect its or any of its officers' or

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S/N

Requirements

Form to be Submitted Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

representatives' ability to meet the criteria set out in the Guidelines on Fit and Proper Criteria issued by MAS

16

To notify MAS if any claim is made or is likely to be made against its professional indemnity insurance cover

17

18

To notify MAS of cross-border arrangements with Foreign Related Corporations or Foreign Offices under the following Exemption Regulations: - FA(ECBA)(FRC)R - FA(ECBA)(FO)R

To notify MAS of change in particulars to/cessation of cross-border arrangements notified under the following Exemption Regulations: - FA(ECBA)(FRC)R - FA(ECBA)(FO)R

No prescribed form

Immediately

Licence condition

MAS-Tx

Incident & Breach Reporting (Claim against PII)

Entity Activities & Particulars (Commencement of Cross Border Arrangements - Form FN)

Paragraph 4 of FAA-N22 and paragraph 4 of FAA- N23

MAS-Tx

Within 14 days of commencement of qualifying business under the Exemption Regulations

Within 14 days from date of change/cessation

Paragraphs 5.2.1.(a) and (b) of FAA-N22 and paragraphs 5.2.1.(a) and (b) of FAA-N23

MAS-Tx

Entity Activities & Particulars (Updates to Cross-Border Arrangements - Form FC)

Form FN – Notification for Arrangements with Foreign Related Corporations and/or Foreign Offices under the Exemption Regulations

Form FC – Notification for Change in Particulars to Arrangements with Foreign Related Corporations and/or Foreign Offices notified under the Exemption Regulations

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S/N

19

20

Requirements

Form to be Submitted Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

To notify MAS upon the discovery of a system malfunction or IT security incident, which has a severe and widespread impact on the LFA’s operations or materially impacts the LFA’s service to its customers, through the respective MAS Review Officer (RO) during the MAS office hours or a phone call to MAS Duty Officer (DO) via the 24- hour MAS BCM incident reporting line (Tel: 6229 9526 / 6229 9527) outside office hours or if the MAS RO is not contactable To submit to MAS a root cause and impact analysis report of a system malfunction or IT security incident, which has a severe and widespread impact on the LFA’s operations or materially impacts the LFA’s service to its customers

The report shall contain— (a) an executive summary of the relevant incident; (b) an analysis of the root cause which triggered the relevant incident;
(c) a description of the impact of the relevant incident on the LFA’s (i) compliance with laws and regulations applicable to the LFA;
(ii) operations; and

Please refer to Circular on Financial Institution Incident Reporting for further information.

As soon as possible, but not later than 1 hour, upon the discovery of a relevant incident.

Section 29(1) of the FSM Act (Notice FSM-N23)

Call/ Email

Incident & Breach Reporting (FI Incident Reporting)

Section 29(1) of the FSM Act (Notice FSM-N23)

MAS-Tx

Incident & Breach Reporting (FI Incident Reporting)

Incident Reporting Template

Please refer to Circular on Financial Institution Incident Reporting for further information.

Submit initial incident report as soon as possible, but not later than 24 hours from the discovery of the relevant incident.

Submit final incident report within 14 days from the discovery of the relevant incident.

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S/N

Requirements

Form to be Submitted Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

(iii) service to its customers; and
(d) a description of the remedial measures taken to address the root cause and consequences of the relevant incident

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S/N

Requirements

Form to be Submitted Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

Section A3: Regulatory submissions to MAS

21

Submission of annual financial returns

22

Submission of Statement of Placement of Direct Life Insurance Business Handled

ISSUED 10 February 2026

Form 14 - Statement of Profit and Loss

Form 15 - Statement of Assets and Liabilities, Net Asset Value and Insurance Broking Premium Account

Form 17 – Auditor’s Report

Audited Profit and Loss Account and Balance Sheet made up to the last day of the financial year, together with an Auditor’s report, including Management Letter (if any)

Form 16 - Statement of Placement of Direct Life Insurance Business Handled

Within 5 months from the end of each financial year

Section 49(1) of the FAA and Regulation 23 of the FAR

MASNET

Regular Data Returns (Financial Adviser Annual Return - Forms 14-16)

Within 5 months from the end of each financial year

Section 52(1) of the FAA and Regulation 23 of the FAR

MAS-Tx

Regular Data Returns (Auditor's Report for Financial Advisers - Form 17)

Within 5 months from the end of each financial year

Section 49(1) of the FAA, Regulation 23 of the FAR

MASNET

Regular Data Returns (Financial Adviser Annual Return - Forms 14-16)

13

S/N

Requirements

Form to be Submitted Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

Paragraph 11 of FAA- N20

MAS-Tx

Staff & Reps (Balanced Scorecard Report )

23

Semi-annual Balanced Scorecard Framework reports

Reports set out in Annex 2 under Notice FAA-N20 Requirements for the Remuneration Framework for Representatives and Supervisors (“Balanced Scorecard Framework”) and Independent Sales Audit Unit

a)

In respect of reports for the measuremen t quarter ending 31 March, by 30 September of the same calendar year;

b) In respect of reports for the measuremen t quarters ending 30 June and 30 September, by 31 March of the following calendar year; and In respect of reports for the measuremen t quarter ending 31

c)

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S/N

Requirements

Form to be Submitted Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

December, by 30 September of the following calendar year

24

Certification by independent assurance function and information on cross-border arrangements notified under the following Exemption Regulations: - FA(ECBA)(FRC)R - FA(ECBA)(FO)R

25

Submission of biannual reports under FA(CHR)R

Form FR – Annual Declaration for Arrangements with Foreign Related Corporations and/or Foreign Offices notified under the Exemption Regulations Form CHR – Financial Advisers Complaints Handling and Resolution Biannual Report

26

Submission of annual attestation for placement of risk with unlicensed insurer

Annual attestation form

Within 5 months from the end of the financial year

Paragraph 5.2.1.(c) of FAA-N22 and paragraph 5.2.1.(c) of FAA-N23

MAS-Tx

Regular Data Returns (Cross-Border Arrangements Annual Declaration - Form FR)

Within 3 months of each half year ending 30 June or 31 December, or part of any such half year By 31 March of each calendar year

Regulation 9 of the FA(CHR)R

MASNET

Section 42(4) of the FAA, read with Circular No. CMI 27/2022

MAS-Tx

Regular Data Returns (Complaints Handling & Resolution Report - Form CHR)

Regular Data Returns
(Annual Returns on Placement of Risks with Overseas Insurers)

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Section B: Applications, Notifications and Regulatory Submissions Applicable to Exempt Financial Advisers under Section 20(1)(a), (b), (c), (d) and (e) of the FAA

S/N

Requirements

Form to be Submitted

Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

Section B1: Applications for approval from MAS

27

To seek MAS’ approval to disclose inspection reports issued by MAS or a foreign regulatory authority, to a person other than the auditor of the financial adviser in connection with the performance of duties of the auditor for that financial adviser

This applies to any financial adviser subject to inspection by MAS or a foreign regulatory authority

28

To seek MAS’ approval to disclose investigation reports issued by MAS to a person other than the auditor of the financial adviser in connection with the performance of duties of the auditor for that financial adviser

This applies to any financial adviser subject to MAS’ investigation

No prescribed form

Prior to disclosing the inspection report

Sections 81 and 85 of the FAA

MAS-Tx

No prescribed form

Prior to disclosing the investigation report

Section 87 of the FAA

MAS-Tx

29

To seek MAS’ approval to negotiate contract of insurance and place risk with unlicensed insurer

Approval to place risks with overseas insurers

Prior to negotiating contract of

Section 42(4) of the FAA

MAS-Tx

ISSUED 10 February 2026

Incident & Breach Reporting (Disclosure of Inspection/Investigatio n Report)

Entity Activities & Particulars (Approval to place risks

16

S/N

Requirements

Form to be Submitted

Regulatory Deadline

insurance

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

with overseas insurers)

This is applicable to any negotiation or placement that is unable to meet the conditions specified in Annex 1 of the Circular No. CMI 27/2022.

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S/N

Requirements

Form to be Submitted

Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

Section B2: Notifications to be submitted to MAS

30

To notify MAS when an exempt financial adviser commences or adds financial advisory services under the FAA

31

To notify MAS when an exempt financial adviser changes its particulars

32

To notify MAS when an exempt financial adviser ceases any or all of its financial advisory services under the FAA

Form 26 - Notice of Commencement of Business / Additional Financial Advisory Services by Persons Exempt from Holding a Financial Adviser's Licence under Section 23(1)(a), (b), (c), (d), and (e)

Form 27 - Notice of Change of Particulars by Persons Exempt from Holding a Financial Adviser's Licence under Section 23(1)(a), (b), (c), (d), and (e)

Form 28 - Notice of Cessation of Business by Persons Exempt from Holding a Financial Adviser's Licence under Section 23(1)(a), (b), (c), (d), and (e)

Regulation 37(1) of the FAR

MAS-Tx

At least 14 days before the commencement or addition of financial advisory services

Entity Activities & Particulars (Add Financial Advisory Activity - Form 26)

Within 14 days after the date of change

Regulation 37(1) of the FAR

MAS-Tx

Regulation 37(1) of the FAR

MAS-Tx

Within 14 days after the cessation of any or all of its financial advisory services

Entity Activities & Particulars (Change of Exempt FA's Particulars - Form 27)

Entity Activities & Particulars (Cessation of Financial Advisory Activity - Form 28)

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Requirements

Form to be Submitted

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

S/N

33

To notify MAS of cross-border arrangements with Foreign Related Corporations or Foreign Offices under the following Exemption Regulations: - FA(ECBA)(FRC)R - FA(ECBA)(FO)R

34

To notify MAS of change in particulars to/cessation of cross-border arrangements notified under the following Exemption Regulations: - FA(ECBA)(FRC)R - FA(ECBA)(FO)R

Form FN – Notification for Arrangements with Foreign Related Corporations and/or Foreign Offices under the Exemption Regulations

Form FC – Notification for Change in Particulars to Arrangements with Foreign Related Corporations and/or Foreign Offices notified under the Exemption Regulations

Regulatory Deadline

Within 14 days of commencement of qualifying business under the Exemption Regulations

Paragraph 4 of FAA-N22 and paragraph 4 of FAA- N23

MAS-Tx

Within 14 days from date of change/ cessation

Paragraphs 5.2.1.(a) and (b) of FAA-N22 and paragraphs 5.2.1.(a) and (b) of FAA-N23

MAS-Tx

Entity Activities & Particulars (Commencement of Cross Border Arrangements - Form FN)

Entity Activities & Particulars (Updates to Cross- Border Arrangements - Form FC)

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S/N

Requirements

Form to be Submitted

Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

Section B3: Regulatory submissions to MAS

35

Submission of Statement of Placement of Direct Life Insurance Business Handled

36

Annual submission of Audited Statement of Insurance Broking Premium Account

37

Semi-annual Balanced Scorecard Framework reports

Form 16 - Statement of Placement of Direct Life Insurance Business Handled

Form 24 - Audited Statement of Insurance Broking Premium Account of Exempt Financial Adviser under Regulation 37(1)

Reports set out in Annex 2 under Notice FAA-N20 Requirements for the Remuneration Framework for Representatives and Supervisors (“Balanced Scorecard Framework”) and Independent Sales Audit Unit

Within 5 months from the end of each financial year

Section 49(1) of the FAA, Regulation 37(1) of the FAR

MAS-Tx

Within 5 months from the end of each financial year

Regulation 37(1) of the FAR

MAS-Tx

Regular Data Returns (Direct Life Insurance Business Handled - Form 16)

Regular Data Returns (Auditor's Report for Exempt FAs - Form 24)

Paragraph 11 of FAA-N20 MAS-Tx

Staff & Reps (Balanced Scorecard Report )

(a)

In respect of reports for the measuremen t quarter ending 31 March, by 30 September of the same calendar year;

(b) In respect of

reports for the measuremen t quarters

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S/N

Requirements

Form to be Submitted

Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

(c)

ending 30 June and 30 September, by 31 March of the following calendar year; and In respect of reports for the measuremen t quarter ending 31 December, by 30 September of the following calendar year

38

Certification by independent assurance function and information on cross-border arrangements notified under the following Exemption Regulations: - FA(ECBA)(FRC)R - FA(ECBA)(FO)R

39

Submission of biannual reports under FA(CHR)R

ISSUED 10 February 2026

Form FR – Annual Declaration for Arrangements with Foreign Related Corporations and/or Foreign Offices notified under the Exemption Regulations Form CHR – Financial Advisers Complaints

Within 5 months from the end of the financial year

Paragraph 5.2.1.(c) of FAA-N22 and paragraph 5.2.1.(c) of FAA-N3

MAS-Tx

Regular Data Returns (Cross-Border Arrangements Annual Declaration - Form FR)

Within 3 months of each half year

Regulation 9 of the FA(CHR)R

MASNET

Regular Data Returns (Complaints Handling &

21

S/N

Requirements

Form to be Submitted

Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

Handling and Resolution Biannual Report

ending 30 June or 31 December, or part of any such half year

40

Submission of annual attestation for placement of risk with unlicensed insurer

Annual attestation form

By 31 March of each calendar year

Section 42(4) of the FAA, read with Circular No. CMI 27/2022

MAS-Tx

Resolution Report - Form CHR)

Regular Data Returns (Annual Returns on Placement of Risks with Overseas Insurers)

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Section C: Approvals and notifications for exempt financial advisers under Section 20(1)(g) of the FAA

Requirements

Form to be Submitted

Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

S/N

41

To notify MAS of the commencement of business to provide financial advisory services as an exempt financial adviser serving not more than 30 accredited investors

42

To notify MAS when an exempt financial adviser serving not more than 30 accredited investors changes its particulars

43

To notify MAS when an exempt financial adviser serving not more than 30 accredited investors ceases the provision of financial advisory services

Within 14 days after the commencement of business

Regulation 37(2) of the FAR

NA

https://go.gov.s g/noticeofcom mencementofb usiness-form20

Within 14 days after the date of change

Regulation 37(2) of the FAR

MAS-Tx

Within 14 days after the cessation of business

Regulation 37(2) of the FAR

MAS-Tx

Entity Activities & Particulars (Change of Exempt Financial Adviser's Particulars - Form 21)

Entity Activities & Particulars (Cessation of Financial Advisory Activity - Form 22)

Form 20 - Notice of Commencement of Business by Persons Exempt from Holding a Financial Adviser's Licence under Section 20(1)(g) read with Regulation 27(1)(d)

Form 21 - Notice of Change of Particulars by Persons Exempt from Holding a Financial Adviser's Licence under Section 20(1)(g) read with Regulation 27(1)(d)

Form 22 - Notice of Cessation of Business by Persons Exempt from Holding a Financial Adviser's Licence under Section 20(1)(g) read with Regulation 27(1)(d)

ISSUED 10 February 2026

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Requirements

Form to be Submitted

Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

S/N

44

Annual declaration by exempt financial adviser serving not more than 30 accredited investors to confirm its compliance with all exemption conditions and restrictions

45

To seek MAS’ approval to disclose inspection reports issued by MAS or a foreign regulatory authority, to a person other than the auditor of the financial adviser in connection with the performance of duties of the auditor for that financial adviser

This applies to any financial adviser subject to inspection by MAS or a foreign regulatory authority

46

To seek MAS’ approval to disclose investigation reports issued by MAS to a person other than the auditor of the financial adviser in connection with the performance of duties of the auditor for that financial adviser

This applies to any financial adviser subject to MAS’ investigation

Form 23 - Declaration by Persons Exempt from Holding a Financial Adviser's Licence under Section 20(1)(g) read with Regulation 27(1)(d)

No prescribed form

Within 14 days after the end of each financial year

Regulation 37(2)(d) of the FAR

MAS-Tx

Prior to disclosing the inspection report

Sections 81 and 85 of the FAA

MAS-Tx

No prescribed form

Prior to disclosing the inspection report

Section 87 of the FAA

MAS-Tx

Regular Data Returns (Exempt FA Annual Compliance Declaration - Form 23)

Incident & Breach Reporting (Disclosure of Inspection/Investigati on Report)

ISSUED 10 February 2026

24

Section D: Notifications and Regulatory Submissions Applicable to Licensed Financial Advisers under Section 10 of the FAA and Exempt Financial Advisers under Section 20 (1)(a), (b), (c), (d) and (e) of the FAA in relation to their representatives

Requirements

Form to be Submitted Regulatory Deadline

S/N

47

To notify MAS of the appointment of an appointed representative

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

Section 23 of the FAA and Regulation 4A of the FAR

MAS-Tx

Staff & Reps (Appointment of Rep - Form 3A)

Section 24 of the FAA and Regulation 4A of the FAR

MAS-Tx

Section 24(5) of the FAA and Regulation 4B(2) of the FAR

MAS-Tx

Staff & Reps (Appointment of Provisional Rep - Form 3B)

Staff & Reps (Provisional Representative Exam Completion - Form 3D)

Form 3A - Notification for Appointment of an Appointed Representative8

Prior to the appointment of the appointed representative

Form 3B - Notification for Appointment of a Provisional Representative7

Prior to the appointment of the provisional representative

Form 3D - Notification of the Completion of Examination Requirements by a Provisional Representative

Prior to the expiry of the period specified against the provisional representative’s name in the public register of representatives

48

To notify MAS of the appointment of a provisional representative

49

To notify MAS of the completion of examination requirements by a provisional representative

50

To notify MAS of the intention for an appointed representative to carry out additional regulated activity, in addition to that indicated in the public register of representatives

Form 7 - Notification to Add Financial Advisory Service/Services of a Representative

Prior to carrying out the additional regulated activity

Section 29 of the FAA and Regulation 10 of the FAR

MAS-Tx

Staff & Reps (Add Representative Activity/Product - Form 6/7)

8 Lodgement Fee is applicable - please refer to CMG-G01 Guidelines on Licence Applications, Representative Notification and Payment of Fees for more details. ISSUED 10 February 2026

25

S/N

Requirements

Form to be Submitted Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

Form 10 - Notification for the Cessation of a Representative in any or all of the Financial Advisory Services

For (a), no later than the next business day after the cessation of regulated activity

Sections 23(8) and 24(4) of the FAA and Regulation 12A of the FAR

MAS-Tx

Staff & Reps (Cessation/Non- Commencement of Rep - Form 8/10)

For (b), immediately

51

To notify MAS:

(a) where a representative has ceased to be a representative in any or all regulated activities; or

(b) where an appointed representative has not commenced to act as a representative in at least one of the regulated activities by the end of the period of 6 months from the date that the representative’s name was entered in the public register of representatives

52

To notify MAS of any change to a representative’s particulars

Form 18 - Notification to Change Particulars for a Representative

Within 14 days of the date of change

Section 26(6) of the FAA and Regulation 10 of the FAR

MAS-Tx

53

To report to MAS the following types of misconduct committed by the Financial Adviser’s representatives:

(a) Report on

Misconduct of Representative

(a) Acts Involving Fraud, Dishonesty or Other Offences of a Similar Nature;

(b) Acts Involving Inappropriate Advice, Misrepresentation or Inadequate

(b) Update on Report of Misconduct of Representative (for cases where investigations

For (a), upon discovery of the misconduct but not later than 14 days after discovery

For (b), when there are any significant

Paragraphs 4 to 8 of FAA-N14

MAS-Tx

Staff & Reps (Change of Representative Particulars - Form 16/18) Incident & Breach Reporting (Representative/Broking Staff Misconduct Reporting)

ISSUED 10 February 2026

26

S/N

Requirements

Form to be Submitted Regulatory Deadline

Legislative Reference

Mode of Submission

MAS-Tx Category (Transaction Name)

Disclosure of Information;

(c) Failure to Satisfy the Guidelines on Fit

and Proper Criteria;

and/or disciplinary actions are pending)

developments in the case

(d) Other Misconduct

54

To submit an annual declaration that there is no misconduct to report for the preceding year.

Declaration of Nil Return of Misconduct of Representatives

Not later than 14 days after 31 December of the calendar year

Paragraph 9 of FAA-N14 MAS-Tx

Incident & Breach Reporting (Declaration of No Misconduct)

This applies to financial advisers that have not submitted any Misconduct Report in the preceding calendar year

ISSUED 10 February 2026

27