Fair Dealing
CPD 1 Hour | FAA/SFA CORE 1 Hour
To promote fair dealing by financial institutions when conducting business with customers, MAS has set out five key fair dealing outcomes and explains why each outcome is important.
1.1 Treating Customers Fairly
1.2 A Global Concern
2.1 Regulator’s Expectations
2.2 The Role of the Board
2.3 Putting the Guidelines into Practice
3.1 The Five Fair Dealing Outcomes
4.1 Outcome 1: Customers Have Confidence that They Deal with Financial Institutions where Fair Dealing is Central to the Corporate Culture
4.2 Building A Fair Dealing Culture
5.1 Outcome 2: Financial Institutions Offer Products and Services That are Suitable for Their Target Customer Segments
5.2 Due Diligence on New Products
5.3 Marketing the Product to Customers
5.4 Marketing Complex Products
6.1 Outcome 3: Financial Institutions have Competent Representatives Who Provide Customers with Quality Advice and Appropriate Recommendations
6.2 Training and Supervising Representatives
7.1 Outcome 4: Customers Receive Clear, Relevant and Timely Information to Make Informed Financial Decisions
7.2 Presenting Information about the Product
7.3 Providing Fair and Balanced Information
7.4 Managing Customer Expectations
7.5 Post-Sales Services
8.1 Outcome 5: Financial Institutions Handle Customer Complaints in an Independent, Effective and Prompt Manner
8.2 Complaints Indicate Areas for Improvement
Instructions
Questions