Financial Services

Financial Services

Our Financial Service Practice is widely involved in the financial services industry. We counsel life and health insurers, Capital Market Services licencees, financial advisers and trade associations.

We regularly publish articles on financial services matters in a variety of publications. We take an active part in financial services associations. We are in the forefront of business and legal developments in the financial services industry.

Regulatory

We advise clients on the regulatory requirements relating to the provision of financial services and the distribution of financial products. Senior lawyers of our team have extensive experience advising the financial services industry on legal, compliance, operational and management issues. We are therefore able to guide clients through the often unwritten rules and procedures, and to address our clients?business concerns as effectively as possible.

Market Conduct & Compliance

The whole issue of market conduct and compliance has undergone and will continue to undergo significant transformation in Singapore, especially in the areas of distribution of financial products and prudential management of financial institutions. Significant changes will be made from time to time to the Financial Advisers Act, the Securities and Futures Act, the Insurance Act, and the Regulations, Notices and Guidelines issued under them by the Monetary Authority of Singapore (MAS). We are actively engaged in assisting our clients address the issues arising out of these developments and to ensure compliance.

New Products

Our team’s knowledge and assistance is widely sought by clients in developing innovative and creative financial products. We advise on regulatory matters that apply to new product lines, and help design products and marketing content that are compliant. Our experience enables us to draft practical, industry and consumer-accepted documents. We work closely with our clients to develop more consumer-friendly plain English contracts and other materials.

Litigation and ADR

Our knowledge of the financial services industry and our litigation experience ensure that litigation matters will be effectively and efficiently handled. We are also experienced in assisting clients in investigating and handling allegations of misrepresentation and mis-selling by sales staff and matters relating to investment returns on financial products. We are well equipped to deal with issues relating to customer expectation disputes and other compliance issues.

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