Proposed due diligence requirements for CF advisers timely: industry experts

THE proposed introduction of due diligence requirements for corporate finance (CF) advisers would be a timely addition to the local markets, industry experts say.

They believe that having the statutory regulator impose such requirements would push the industry to improve their conduct and professionalism, even as some of the requirements set out in the proposed notice may already be carried out by CF advisers in practice.

The Monetary Authority of Singapore (MAS) on Wednesday (Dec 15) issued a consultation paper with proposals to introduce regulatory requirements on the conduct of due diligence by CF advisers, via a new notice.