CMFAS RES5 FAA & FA Regulations question: principal lodges a representative-notification return with MAS

CMFAS RES5FAA & FA Regulations

A principal lodges a representative-notification return with MAS that it knows contains false particulars. Which FAA offence is most directly engaged?

A Giving false information to MAS (Section 32)
B Making a false statement to induce a client (Section 35)
C Holding out as a financial adviser (Section 18)
D Receipt of client's money (Section 37)

Show the answer and explanation

Answer: A. Giving false information to MAS (Section 32)

Section 32 addresses giving false or misleading information in a notification, return or document submitted to MAS. Section 35 targets false statements made to a client; s18 holding out; s37 client money.

Common mistake

A false return to MAS is s32 — distinguish it from s35, which concerns statements made to clients.

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Original study material mapped to the public CMFAS RES5 syllabus. Unofficial, not endorsed by MAS or SCI. Verify figures and rules against current guidance before relying on them.