SC issues revised Licensing Handbook

17 July 2023

On 14 April 2023, the SC issued the 16th revision of the Licensing Handbook which allows Dealer’s Representatives (“DRs”) to expand their scope of activities and roles beyond just dealing in securities. The expansion of DR-permitted activities is facilitated through amendments to Chapter 4 of the Licensing Handbook.

In addition to facilitating share transactions for their clients, DRs who meet certain requirements can apply for additional licenses to engage in a variety of activities such as investment advice, financial planning, restricted dealing in unit trust and dealing in private retirement schemes.