Financial Adviser (FA): Licence Application

Admission criteria for financial adviser's (FA) licence


  • According to MAS (Pages),

    last revised on 31 March 2020

    When assessing an application for an FA licence, MAS takes into account factors such as:

    • Fitness and propriety of the applicant, its shareholders and directors.
    • Track record, management expertise and financial soundness of the applicant and its parent company or major shareholders.
    • Ability to meet the minimum financial requirements and professional indemnity insurance requirements prescribed under the FAA.
    • Strength of internal compliance systems.
    • Business plans and projections.

    Your company will also need to appoint the following individuals:

    • Minimum of 2 directors, at least one of whom is resident in Singapore.
    • Chief Executive Officer with at least 10 years of relevant experience, of which at least 5 years must have been in a managerial capacity and is resident in Singapore.
    • Minimum of 3 full-time Singapore-based individuals with at least 5 years of relevant working experience.

    You can refer to the Guidelines on Criteria for the Grant of a Financial Adviser’s Licence for more information.