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Specified Investment Products

Guide and cautionary notes

In light of the global financial crisis, the Monetary Authority of Singapore (“MAS”) has reexamined the way brokers conduct their business.

To further safeguard the interests of Singapore retail customers (“Retail Singapore Customers”), the MAS has introduced new measures that will apply to the trading of certain investment products classified as Specified Investment Products (“SIPs”) and other more easily understood investment products, namely Excluded Investment Products (“EIPs”). These new measures will come into effect from 1 January 2012. 

We welcome these measures put in place by the MAS as they safeguard the interests of our customers. This means we will change the way we conduct business for SIPs and EIPs to comply with these new measures.

The accompanying guide and cautionary notes explains what this means to you in terms of the services we provide to you as a Retail Singapore Customer going forward.

Our terms and conditions governing your accounts with us will also be revised to conform to our revised business model. The guide will form part of those terms and is attached for your reference.

The Electronic Trading Service is provided on an “as is”, “as available” basis only and subject to the standard trading terms and conditions.

Classification of Overseas-Listed SIPs and EIPs

Classification of Overseas-Listed SIPs and EIPs and New Requirement for Risk Warning Statement effective 27 Feb 2013

From 4 January 2013, selected overseas-listed investment products will be re-classified as overseas-listed EIPs. Overseas-listed EIPs are defined as:

1) Ordinary foreign shares (exclude preference shares);
2) Company warrants;
3) Depository receipts;
4) REITS;
5) Bonds (plain vanilla); or
6) Business trusts

 listed on the following exchanges: 

  • NYSE
  • AMEX
  • NASDAQ
  • HKEX
  • SET
  • IDX
  • PHSo
  • SZSE
  • SSE
  • LSE
  • TSE
  • ASX
  • Bursa Malaysia

 Any overseas-listed investment products other than the above are classified as overseas-listed SIPs

From 27 February 2013, to trade in an overseas-listed investment product, whether it is an EIP or SIP, all customers are required to read and acknowledge a Risk Warning Statement (RWS) available for download below or iOCBC online trading platform.

 

RWS Individual Account Declaration Form
RWS Joint Account Declaration Form

Frequently Asked Questions on trading SIP/EIPs

Securities Association of Singapore - Press Release – 28 December 2012


Last Updated: 8 February 2013