title: Compliance Calendar: Regulatory Deadlines for Representative Management
Compliance Calendar: Regulatory Deadlines for Representative Management
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Overview
This document provides a month-by-month regulatory calendar for Financial Institutions (FIs) managing representatives under the SFA and FAA. It covers recurring obligations including annual declarations, CPD submissions, CMFAS renewals, MAS reporting deadlines, and audit schedules. FIs should adapt specific dates to their financial year-end (assumed here as 31 December).
Ongoing (Event-Driven) Obligations
Obligation
Who
Deadline
Reference
New representative appointment notification
Compliance
Before rep commences activities
SFA s99, FAA s23
Cessation of appointment notification
Compliance
By the next business day after cessation (per MAS Form 8 for SFA reps / Form 10 for FA reps — https://www.mas.gov.sg/regulation/forms-and-templates/form-8---notification-for-the-cessation-of-a-representative-in-any-or-all-of-the-regulated-activities). The "14 days" rule applies to licence-holder business cessation (Form 7), not rep cessation. The 7-business-day advance-notice rule is the special case under SFA 04-N11 ¶7 for cessation while a rep is under investigation.
SFA s99, FAA s23, SF(LCB)R Reg 9A + 11B
Change of representative particulars
Compliance
Within prescribed timeframe
MAS RNS guidelines
Adverse information reporting
Compliance
As soon as practicable
MAS Notice SFA04-N11
Suspicious transaction reports (STRs)
Compliance / AML
As soon as practicable
CDSA s39, TSOFA s10
Technology incident reporting
IT / Compliance
Within 1 hour of discovery
MAS TRM Guidelines
Monthly Calendar
January
Obligation
Who
Deadline
Reference
Monthly representative headcount report (Dec)
Compliance
15 Jan
MAS reporting requirements
Monthly complaint summary (Dec)
Compliance
15 Jan
MAS Notice FAA-N03 / SFA 04-N03 (Complaints Handling)
CPD planning: confirm annual CPD targets for all reps
HR / Compliance
31 Jan
IBF CPD Framework
Annual Fit & Proper re-declaration: initiate cycle
Compliance
31 Jan
MAS FSG-G01
February
Obligation
Who
Deadline
Reference
Monthly representative headcount report (Jan)
Compliance
15 Feb
MAS reporting requirements
Monthly complaint summary (Jan)
Compliance
15 Feb
MAS Notice FAA-N03 / SFA 04-N03 (Complaints Handling)
Annual compliance report (prior year): draft preparation
Compliance
28 Feb
Internal governance
Q4 compliance monitoring report (Oct-Dec)
Compliance
28 Feb
MAS CMG-G02
Q4 CPD compliance report
HR / Compliance
28 Feb
IBF CPD Framework
March
Obligation
Who
Deadline
Reference
Monthly representative headcount report (Feb)
Compliance
15 Mar
MAS reporting requirements
Monthly complaint summary (Feb)
Compliance
15 Mar
MAS Notice FAA-N03 / SFA 04-N03 (Complaints Handling)
Annual Fit & Proper re-declaration: complete all reps
Compliance
31 Mar
MAS FSG-G01
Annual compliance report submission to Board
Compliance
31 Mar
Internal governance
Annual representative training plan finalized
HR
31 Mar
MAS CMG-G02
April
Obligation
Who
Deadline
Reference
Monthly representative headcount report (Mar)
Compliance
15 Apr
MAS reporting requirements
Monthly complaint summary (Mar)
Compliance
15 Apr
MAS Notice FAA-N03 / SFA 04-N03 (Complaints Handling)
Annual return filing to MAS (for Dec FY-end entities)
Compliance
30 Apr
SFA s57, FAA s25
Q1 compliance monitoring report (Jan-Mar)
Compliance
30 Apr
MAS CMG-G02
Q1 CPD compliance report
HR / Compliance
30 Apr
IBF CPD Framework
May
Obligation
Who
Deadline
Reference
Monthly representative headcount report (Apr)
Compliance
15 May
MAS reporting requirements
Monthly complaint summary (Apr)
Compliance
15 May
MAS Notice FAA-N03 / SFA 04-N03 (Complaints Handling)
Audited financial statements submission to MAS (Dec FY-end)
Finance / Compliance
31 May
SFA s56
Capital adequacy return (Dec FY-end)
Finance
31 May
SFR (Financial and Margin)
June
Obligation
Who
Deadline
Reference
Monthly representative headcount report (May)
Compliance
15 Jun
MAS reporting requirements
Monthly complaint summary (May)
Compliance
15 Jun
MAS Notice FAA-N03 / SFA 04-N03 (Complaints Handling)
Semi-annual Fit & Proper assessment summary (H1)
Compliance
30 Jun
MAS FSG-G01
Mid-year internal audit review (rep management)
Internal Audit
30 Jun
MAS CMG-G02
CPD mid-year checkpoint: identify at-risk reps
HR / Compliance
30 Jun
IBF CPD Framework
July
Obligation
Who
Deadline
Reference
Monthly representative headcount report (Jun)
Compliance
15 Jul
MAS reporting requirements
Monthly complaint summary (Jun)
Compliance
15 Jul
MAS Notice FAA-N03 / SFA 04-N03 (Complaints Handling)
Q2 compliance monitoring report (Apr-Jun)
Compliance
31 Jul
MAS CMG-G02
Q2 CPD compliance report
HR / Compliance
31 Jul
IBF CPD Framework
August
Obligation
Who
Deadline
Reference
Monthly representative headcount report (Jul)
Compliance
15 Aug
MAS reporting requirements
Monthly complaint summary (Jul)
Compliance
15 Aug
MAS Notice FAA-N03 / SFA 04-N03 (Complaints Handling)
Annual AML/CFT risk assessment review
Compliance / AML
31 Aug
MAS Notice SFA 04-N02 (CMI; primary for Regnify population) and MAS Notice 626 (Banks)
September
Obligation
Who
Deadline
Reference
Monthly representative headcount report (Aug)
Compliance
15 Sep
MAS reporting requirements
Monthly complaint summary (Aug)
Compliance
15 Sep
MAS Notice FAA-N03 / SFA 04-N03 (Complaints Handling)
CPD acceleration notices for reps behind target
HR / Compliance
30 Sep
IBF CPD Framework
October
Obligation
Who
Deadline
Reference
Monthly representative headcount report (Sep)
Compliance
15 Oct
MAS reporting requirements
Monthly complaint summary (Sep)
Compliance
15 Oct
MAS Notice FAA-N03 / SFA 04-N03 (Complaints Handling)
Q3 compliance monitoring report (Jul-Sep)
Compliance
31 Oct
MAS CMG-G02
Q3 CPD compliance report
HR / Compliance
31 Oct
IBF CPD Framework
November
Obligation
Who
Deadline
Reference
Monthly representative headcount report (Oct)
Compliance
15 Nov
MAS reporting requirements
Monthly complaint summary (Oct)
Compliance
15 Nov
MAS Notice FAA-N03 / SFA 04-N03 (Complaints Handling)
Annual internal audit of representative management
Internal Audit
30 Nov
MAS CMG-G02
Pre-year-end CPD compliance sweep: final remediation
HR / Compliance
30 Nov
IBF CPD Framework
December
Obligation
Who
Deadline
Reference
Monthly representative headcount report (Nov)
Compliance
15 Dec
MAS reporting requirements
Monthly complaint summary (Nov)
Compliance
15 Dec
MAS Notice FAA-N03 / SFA 04-N03 (Complaints Handling)
Semi-annual Fit & Proper assessment summary (H2)
Compliance
31 Dec
MAS FSG-G01
Annual CPD completion deadline for all reps
All Representatives
31 Dec
IBF CPD Framework
CMFAS module validity review (check expiring qualifications)
HR / Compliance
31 Dec
SFA04-N22 (superseded SFA04-N09 on 1 April 2024), FAA-N26
Year-end representative register reconciliation
Compliance
31 Dec
MAS RNS guidelines
Key Recurring Deadlines Summary
Frequency
Obligation
Typical Deadline
Monthly
Rep headcount report, complaint summary
15th of following month
Quarterly
Compliance monitoring, CPD compliance, trade surveillance
End of month following quarter
Semi-annual
Fit & Proper reassessment summary
30 Jun, 31 Dec
Annual
Compliance report, annual return, audited financials, CPD completion
Various (see calendar above)
Annual
Internal audit of rep management
Nov (before FY-end)
Annual
AML/CFT risk assessment review
Aug
Source Documents
Securities and Futures Act 2001, Sections 56-57, 99
Financial Advisers Act, Chapter 110, Sections 23, 25
MAS Guidelines on Fit and Proper Criteria (FSG-G01)
MAS Notice SFA 04-N22 (Examination Requirements; superseded SFA 04-N09 on 1 April 2024), SFA 04-N11 (Misconduct Reporting), SFA 04-N03 (Complaints Handling)MAS Notice FAA-N26 (Competency Requirements)
MAS Guidelines CMG-G02 (Ongoing Requirements for CMS Licensees)
IBF Continuing Professional Development Framework
Securities and Futures (Financial and Margin Requirements) Regulations
Last updated: 2026-04-04
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