Financial Solicitation Letter Template for Singapore

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Key Requirements PROMPT example:

Financial Solicitation Letter

"I need a Financial Solicitation Letter for a new sustainable investment fund targeting accredited investors in Singapore, with a minimum investment of SGD 250,000, to be launched in March 2025, compliant with MAS green finance guidelines."

Document background
The Financial Solicitation Letter is a crucial document in Singapore's financial services industry, used when financial institutions seek to market their products or services to potential clients. It must strictly comply with the Securities and Futures Act, Financial Advisers Act, and MAS guidelines. The letter typically includes detailed product information, risk disclosures, terms and conditions, and mandatory regulatory disclaimers. Financial Solicitation Letters are particularly important in Singapore's highly regulated financial environment, where clear communication and compliance with financial promotion rules are essential for maintaining market integrity and consumer protection.
Suggested Sections

1. Recipient Information: Full name, address, and contact details of the intended recipient

2. Introduction: Brief introduction of the sender and purpose of the solicitation

3. Product/Service Description: Detailed description of the financial product or service being offered

4. Risk Disclosure: MaNDAtory risk warnings and disclaimers as required by MAS regulations

5. Terms and Conditions: Key terms and conditions of the offering including eligibility criteria

6. Legal Disclaimers: Required legal notices and MAS-maNDAted disclaimers

Optional Sections

1. Investment Track Record: Past performance information, if applicable and permitted under MAS guidelines

2. Promotional Offers: Special rates or limited-time offers subject to regulatory compliance

3. Additional Contact Information: Supplementary contact points and customer service details

Suggested Schedules

1. Product Fact Sheet: Detailed information about the financial product including features and benefits

2. Fee Schedule: Comprehensive breakdown of all applicable fees and charges

3. Risk Disclosure Statement: Detailed risk factors and considerations as required by Singapore regulations

4. Terms and Conditions: Complete terms and conditions of the offering including all legal requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Industries

Securities and Futures Act (SFA): Primary legislation governing financial market regulation, including licensing requirements for financial advisers, disclosure requirements for investment products, and restrictions on marketing of financial products

Financial Advisers Act (FAA): Legislation governing requirements for providing financial advisory services, including rules on marketing and solicitation of financial products, and compliance requirements for financial advisers

MAS Guidelines: Regulatory guidelines issued by the Monetary Authority of Singapore covering fair dealing, financial advertisements, marketing restrictions, disclaimers, and specific requirements for financial products

Personal Data Protection Act (PDPA): Legislation governing the collection, use, and disclosure of personal data, including consent requirements and data protection obligations

Spam Control Act: Legislation regulating unsolicited commercial messages and requirements for electronic marketing communications

Consumer Protection (Fair Trading) Act: Legislation ensuring fair trading practices and preventing unfair practices in consumer transactions

Banking Act: Legislation governing banking activities, including restrictions on deposit-taking activities and requirements for banking products or services

AML/KYC Requirements: Anti-Money Laundering and Know Your Customer obligations required for financial institutions and service providers in Singapore

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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