MAS Invites Comments on Regulations for Traded Endowment and Life Policies
The Monetary Authority of Singapore (MAS) on 13 June 2005 released a consultation paper on the draft Financial Advisers (Traded Endowment Policies (TEPs) and Traded Life Policies (TLPs) - Prescribed Investment Products) Regulations 2005.
The Regulations prescribe TEPs and TLPs as investment products under the Financial Advisers Act and set out the restrictions that will apply to any financial adviser choosing to distribute TEP/TLPs. They incorporate the policy proposals set out in a previous consultation exercise in November 2003.
A copy of the public consultation is available on the MAS website.
The Regulations prescribe TEPs and TLPs as investment products under the Financial Advisers Act and set out the restrictions that will apply to any financial adviser choosing to distribute TEP/TLPs. They incorporate the policy proposals set out in a previous consultation exercise in November 2003.
A copy of the public consultation is available on the MAS website.
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