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SGX, stockbroking body set out guidelines on TR advice

The Guidance Note, which outlines the types of advice allowed, gives brokers a heads up to the new rules that will kick in soon

Published Thu, Mar 23, 2017 · 09:50 PM

SGX

Singapore

THE Singapore Exchange (SGX) and the Securities Association of Singapore (SAS) on Thursday sent brokers a Guidance Note which outlined the type of investment advice that trading representatives (TRs) are allowed to offer their clients, thus clarifying a grey area that has existed ever since the rules were tightened in the wake of 2008's US subprime crisis.

"TRs are allowed to give ERA (execution-related advice)/recommendations on listed-excluded investment products (EIPs) to clients provided they state the rationale for their ERA ," said SGX and SAS.

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