Recently gazetted, the Amendment to the CPFTA, as well as the new Regulations (subsidiary legislation), came into effect on 15 April 2009. It now covers financial products that are regulated by MAS, with the exception of Moneylenders and Pawnbrokers. I suppose for small time investors who may have lost money over the recent financial meltdown, and have not gotten much help from FIDReC, they now have recourse to the Small Claims Tribunal. No lawyers, always a good sign I guess.
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AuthorLate 30s. Dad. Thinking about life, family, work, and retirement. Sharing those thoughts with others Categories
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May 2018
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