Is there a need for a licensed financial adviser to renew its license?

There is no need for a licensed financial adviser to renew its license. The license is valid until – 

• The licensed financial adviser ceases to act as a financial adviser (pursuant to the Financial Advisers Regulations [―FAR‖], the licensed financial adviser would need to notify MAS within 14 days of its cessation by submitting Form 5); 
• Its license is revoked by MAS; or 
• Its license lapses in accordance with section 19 of the FAA.