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

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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.

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