Overseas properties, investment schemes to come under advertising guidelines - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Market Talk

Market Talk Talk about the stock market. We welcome everyone!




Overseas properties, investment schemes to come under advertising guidelines

Reply
 
Thread Tools
  #1 (permalink)  
Old 12-08-2015, 12:02 PM
Junior Member
 
Join Date: Aug 2015
Posts: 6
celine.lim is on a distinguished road
Default Overseas properties, investment schemes to come under advertising guidelines

ENHANCED guidelines under Singapore's code of advertising practice unveiled on Monday have widened the regulatory scope for advertisements on investments to include overseas properties and investment schemes, and even investment seminars.

From Aug 12, these advertisements have to comply with a higher standard of warnings, disclosures and qualifications to ensure potential risks are properly highlighted to the public; they should also not contain claims that give the impression that an investment is safe, low-risk or risk-free or can generate quick, easy or high profits with little or no risk.

Among the new guidelines, advertisements on overseas property-related investments should clearly state what investors are acquiring (such as interest in the land, building, or property within the building). Advertisements on overseas real properties cannot mislead or exaggerate their actual location, physical nature, legal titles, and the developers' financial position. For properties being developed, their advertisements have to state the building permit or approval numbers and the identity of the issuing authority.

These guidelines apply to all media platforms, including online advertisements, said the Advertising Standards Authority of Singapore (ASAS), an advisory council under the Consumers Association of Singapore (Case).

Case executive director Seah Seng Choon told The Business Times that the review started 11/2 years ago, amid a proliferation of advertisements on overseas properties and investment instruments. Advertisements on seminars promising that attendees could earn S$100,000 in a few months in some cases also caught regulator's attention.

"We want to make sure that if they make such claims, they need to substantiate," said Mr Seah. "If they do not comply with our requirements, we will not allow the advertisements to see light of day."

The new guidelines are also seen levelling the playing field between local and overseas developers, hence closing up the loophole that overseas developers are not subject to local requirements when they promote their projects here.

Read more, please click here -> http://www.lelongtips.com/blog/news/...ing-guidelines

Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What are the Rules and Restrictions in buying overseas properties? hesterferranti General Discussions 0 08-01-2015 09:52 AM
Botanique at Bartley by UOL Overseas Investment Pte Ltd newlaunchsingapore General Discussions 0 31-08-2014 09:51 AM
Dual career paths in government-linked schemes cslee Income and Jobs 13 08-06-2012 12:26 PM
What are the job schemes available in gahment? miwashi Income and Jobs 3 31-05-2011 03:37 AM

» 30 Recent Threads
Dates of employment indicate...
3 Replies, 840 Views
Singtel Management Associate... ( 1 2 3... Last Page)
115 Replies, 75,424 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,064 Replies, 471,240 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
158 Replies, 51,798 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,139 Replies, 196,521 Views
Constituency Manager (People... ( 1 2 3... Last Page)
812 Replies, 412,234 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
866 Replies, 694,785 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,860 Replies, 1,727,121 Views
Job search for returning...
0 Replies, 132 Views
Working at Changi Business Park
5 Replies, 294 Views
Whats your net worth ( 1 2 3... Last Page)
2,687 Replies, 750,305 Views
Schneider Electric - EGP (Grad... ( 1 2 3... Last Page)
36 Replies, 12,980 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
611 Replies, 307,544 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,369 Replies, 533,796 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,689 Replies, 479,238 Views
Met a girl from dating app
1 Replies, 272 Views
Shell TDP ( 1 2 3... Last Page)
146 Replies, 42,681 Views
Lawyer Salary ( 1 2 3... Last Page)
4,845 Replies, 2,073,226 Views
Gap year, Sabbatical
4 Replies, 275 Views
Compare civil service salary ( 1 2 3... Last Page)
8,916 Replies, 5,127,425 Views
UOB Management Associate Program ( 1 2 3... Last Page)
240 Replies, 149,180 Views
OCBC Young Bankers Programme ( 1 2 3... Last Page)
96 Replies, 70,422 Views
Career switches - job options and... ( 1 2)
12 Replies, 2,006 Views
What course should I undertake?
3 Replies, 2,084 Views
is it crazy to give up a 100k P.A... ( 1 2 3)
26 Replies, 20,888 Views
Career as Teacher ( 1 2 3... Last Page)
2,010 Replies, 1,361,987 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,007 Replies, 804,423 Views
SPF (Direct-Entry Inspector)
8 Replies, 900 Views
ST Electronics ( 1 2 3... Last Page)
371 Replies, 166,212 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:25 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2