In light of the global financial crisis, the Monetary Authority of Singapore (“MAS”) has re-examined 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. Click here for more information.

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 Account(s) with us will also be revised to conform to our revised business model. The Guide will form part of those terms is attached for your reference.

Disclaimer:

Trading in securities can be very risky, and the customer may lose all or more than the amount invested or deposited. This is particularly so when the customer needs to i) make his or her own trading decisions and ii) ensure each trade is specifically suitable for him or her – the only basis for any trading through or with OCBC Securities Private Limited (“OSPL”).  The information provided herein is intended for general circulation/discussion purposes only and may not be published or circulated (in whole/in part) without our written consent. It does not take into account the specific investment objectives, financial situation or particular needs (collectively “Objectives”) of any particular person. Please seek advice from an independent financial adviser regarding the suitability of any trade or investment product taking into account your Objectives before making a commitment to trade or purchase the investment product. If you choose not to seek independent financial advice, please consider whether the trade or product in question is suitable for you. This does not constitute an offer/solicitation to buy/sell/subscribe for any investment products or to participate in any particular trading or investment strategy. Any proposed transaction is subject to the final expression of the terms in the definitive agreement/confirmation. No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OSPL and it should not be relied upon as such. OSPL does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OSPL shall not be responsible or liable for any loss or damage whatsoever arising directly/indirectly howsoever in connection with or as a result of any person acting on any information provided herein.