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| On 26 March 2012, the Monetary Authority of Singapore (MAS) launched the Financial Advisory Industry Review (FAIR), aimed at raising the standards of practice in the Financial Advisory (FA) Industry. One of the recommendations is to raise the competence of the FA representatives, including implementing a requirement of minimum Continuing Professional Development (CPD) training hours (for each FA representative). More details can be found in the MAS Notice FAA-N13. The CPD requirement for FA representatives takes effect from 1 Jan 2016.
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| The courses in Ethics, and Rules & Regulations (Prescribed CPD Courses) are to be accredited by the Institute of Banking & Finance (IBF) or the Singapore College of Insurance (SCI), before they can be counted towards the required training hours. |
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