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DA-B.1.1

Digital financial advice, otherwise also referred to in common jargon as 'robo advice' or 'automated advice' has gained much popularity globally following advancements in technology. The provision of financial advice is a regulated activity under this Rulebook and the use of technology for providing digital financial advice needs to be governed within the context of sound prudential and conduct regulations in order to safeguard the interests of clients. This Module sets forth the key requirements applicable to licensees who wish to use a digital financial advice tool.

Added: April 2019