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Fit and Proper Requirements for Appointed SFA/FAA Representatives

About This Course

As different appointments and designations entail different responsibilities, the Fit and Proper Guidelines would be applied in a manner and to the extent that is suitable to the relevant circumstances. The onus is on each appointed SFA/FAA representative to establish that it or he/she is a fit and proper person rather than for MAS to show otherwise.

Learning Outcomes

Understand:

  • The key fit and proper requirements
  • The due diligence needed prior to appointment
  • The conflicts assessment needed prior to appointment
  • The on-going measures to be taken

Module 1: Why Need Fit and Proper Requirements?

  • Regulator’s Concern and Approach

Module 2: Understanding Fit and Proper Requirements

  • Regulator’s Expectations
  • Who is Covered?
  • Key Criteria

Module 3: Due Diligence Needed Prior to Appointment

  • Responsibility of Financial Institutions
  • Self-Declaration
  • Probity Checks

Module 4: Competence, Capability, and Conflicts of Interest Assessment

  • Competence and Capability
  • Conflicts of Interest

Module 5: On-Going Measures to Be Taken

  • Periodic Self-Declaration
  • Regular Checks

Assessment

The Financial Training Scheme (“FTS”)

The Financial Training Scheme (“FTS”) is a training incentive scheme supported by the Financial Sector Development Fund (FSDF). The scheme supports financial sector-specific training programmes that raise the competency of the financial sector.

All our programmes are approved for listing on the Financial Training Scheme (FTS) Programme Directory and are eligible for FTS claims, subject to all eligibility criteria being met. For latest development on the Enhanced Funding Support for IBF FTS, please visit the Financial Training Scheme site.

Early Bird Discount

Enjoy 10% early bird discount when you register one (1) month before the course commencement date.

Fit and Proper Requirements for Appointed SFA/FAA Representatives

FTS

Newly Accredited
Course Features
  • CPD
    1 Hour
  • FAA/SFA
    1 Hour
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