Monday, October 15, 2012

Financial advisers will need good credit score for licences

......the draft regulations required the entities seeking to get registered as investment advisers to submit details of their data processing capacity. Instead, they would now be required to submit details of their in-house and other research capabilities, the official said. The other changes to the draft regulations include the provision for appointing or authorising an ombudsman to resolve any dispute between the investment advisers and his/her clients, in addition to a dispute resolution mechanism through arbitration......

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