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Extend regulation to trainers of financial practitioners in Singapore, urges industry body

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There has been a rise in the number of untrained or unlicensed trainers, said Ifpas.

SINGAPORE - Those who train financial practitioners in Singapore should have minimum professional qualifications and be regulated, said an industry body.

These trainers often charge fees when dishing out sales or advisory techniques and can influence how financial practitioners approach consumers, it added. To ensure accountability and quality of the training, MAS should also set up a framework to regulate individuals or entities providing professional training in the financial services sector, it proposed.

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