Financial Advisor Representative Malaysia
What are the requirements to be a financial adviser s representative islamic financial adviser s representative.
Financial advisor representative malaysia. E 7 27 ioi boulevard jalan kenari 5 bandar puchong jaya 47170 puchong. The cmsa which takes effect on 28 september 2007 introduces a single licensing regime for capital market intermediaries. Introduction of financial advisers the regulatory and supervisory framework of malaysia enters a new stage of its development as the financial services act 2013 fsa and islamic financial services act 2013 ifsa come into force on 30 june 2013. Someone who ideally will provide you with.
No 25 2 jalan putra mahkota 7 7b pusat bandar putra point putra heights subang jaya 47650 selangor. The capital markets and services act 2007 cmsa repeals the securities industry act 1983 sia and the futures industry act 1993 fia. The representatives of the financial adviser who will be involved in providing advice must be approved by bank negara malaysia and must possess minimum professional qualifications specified by bank negara malaysia to ensure that they have the appropriate level of competency required to provide advice to the consumers. This licence allows the ifa to provide financial planning services to an individual for a fee.
It s easy to make the 6 key mistakes when trying to find your financial advisor. Floor bangunan heng guan 171 jalan burmah 10050 penang. Here s a list of things to avoid as you search for your perfect advisor. Financial adviser representatives not to be insurance agent selangor.
Vka wealth planners sdn. Possesses minimum professional qualifications specified by bank negara malaysia to ensure that they have the appropriate level of competency required to provide advice to the consumers. In malaysia an ifa should have three licences to qualify and hold that title. Steadfast advisory malaysia sdn.
Uob kay hian wealth advisors sdn. The association of financial advisers afa has been officially informed by bank negara malaysia bnm that a number of financial adviser representatives far have been found still to be tied as an insurance agent in particular with general insurance companies. The fsa and ifsa is the culmination of efforts to modernise the laws that govern the.