New rules this year for advertisements touting investments
Case also asks for foreign property ads to be subject to equally stringent rules that govern local real estate
Singapore
BEFORE the year is over, advertisements on investments in financial instruments and properties will face more stringent rules, as new guidelines by the Advertising Standards Authority of Singapore (ASAS) kick in, the advisory council said on Monday.
The council, together with the media owners that make up its members, is working with the Monetary Authority of Singapore and the Council for Estate Agencies (CEA) to improve the current advertising code in these areas.
"Proposed enhancements include raising the standards of disclosure and strengthening measures to deal with advertisers who repeatedly place misleading advertisements," said Tan Sze Wee, chairman of ASAS.
The move will help the public better understand the risks of the investments, and will also protect them from recalcitrant advertis…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Morgan Stanley Asia private equity unit to reorganise as CEO retires
US seeks 36 months’ jail for Binance founder Zhao
Keppel’s Q1 revenue down 6.3% to S$1.5 billion; legacy O&M assets a drag on net profit
JPMorgan talking with investors about two synthetic risk transfers
HSBC says growing Chinese wealth fuels client investments in US
Money laundering accused Su Baolin to plead guilty after being handed 3 more charges