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Master Broker Agreement Template for Singapore

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Key Requirements PROMPT example:

Master Broker Agreement

"Need a Master Broker Agreement for engaging a securities broker in Singapore, with strong compliance provisions and specific commission structures for different product types, to be effective from March 2025."

Document background
The Master Broker Agreement serves as the primary contractual framework for establishing and governing broking relationships in Singapore. This document is essential when companies need to engage brokers for various services while ensuring compliance with Singapore's regulatory requirements. The agreement covers crucial elements including licensing obligations, commission structures, compliance requirements, and risk management procedures. It is particularly important in regulated industries where the Monetary Authority of Singapore (MAS) oversight is significant. The Master Broker Agreement helps establish clear parameters for the relationship while protecting both parties' interests and ensuring regulatory compliance.
Suggested Sections

1. Parties: Identifies the contracting parties, including full legal names and registered addresses

2. Background: Sets out the context and purpose of the agreement

3. Definitions: Defines key terms used throughout the agreement

4. Appointment and Scope: Details of broker appointment and authorized activities

5. Licensing and Compliance: Broker's obligations regarding regulatory compliance and maintaining licenses

6. Commission Structure: Payment terms, commission rates, and calculation methods

7. Representations and Warranties: Standard declarations by both parties

8. Confidentiality: Obligations regarding confidential information

9. Term and Termination: Duration and termination provisions

10. Governing Law and Jurisdiction: Singapore law and dispute resolution provisions

Optional Sections

1. Insurance Requirements: Professional indemnity insurance obligations for high-value transactions

2. Non-Competition: Restrictions on competitive activities when protecting market share is crucial

3. Data Protection: PDPA compliance obligations for personal data processing

4. Anti-Money Laundering: AML/CFT compliance requirements for financial services broking

Suggested Schedules

1. Commission Schedule: Detailed breakdown of commission rates and calculations

2. Services Schedule: Detailed scope of authorized broking services

3. Compliance Requirements: Specific regulatory requirements and procedures

4. Required Documentation: List of documents needed for broker onboarding

5. Territory Schedule: Geographic areas where broker is authorized to operate

Authors

Alex Denne

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

Relevant legal definitions































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Industries

Securities and Futures Act (SFA): Primary legislation governing securities, futures, and derivatives markets in Singapore, including licensing requirements for brokers and market intermediaries

Financial Advisers Act (FAA): Regulates financial advisory services in Singapore, including requirements for providing financial advice and marketing of investment products

Companies Act: Fundamental legislation governing corporate entities in Singapore, affecting company structure and corporate governance requirements

Monetary Authority of Singapore Act: Establishes MAS as the central bank and integrated financial regulator of Singapore, providing regulatory oversight

MAS Guidelines and Notices: Regulatory directives and guidelines issued by MAS that specify compliance requirements for financial institutions and intermediaries

Singapore Exchange (SGX) Trading Rules: Rules and regulations governing trading activities on Singapore's securities and derivatives exchange

AML/CFT Requirements: Anti-Money Laundering and Countering the Financing of Terrorism regulations requiring customer due diligence and transaction monitoring

Personal Data Protection Act (PDPA): Legislation governing the collection, use, disclosure, and care of personal data in Singapore

Electronic Transactions Act: Legal framework for electronic transactions and digital signatures in Singapore

Insurance Act: Specific legislation governing insurance business and insurance intermediaries if applicable to insurance broking

Estate Agents Act: Regulatory framework for real estate agents and agencies if applicable to property broking

Securities and Futures Regulations: Detailed regulations specifying licensing and conduct requirements for securities and futures business

Employment Act: Basic employment law governing employer-employee relationships and working conditions

Central Provident Fund Act: Mandatory social security savings scheme affecting employment relationships in Singapore

Arbitration Act: Legal framework for conducting arbitration proceedings in Singapore for dispute resolution

Mediation Act: Legislative framework for mediation as an alternative dispute resolution mechanism 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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