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New Requirements on Sale of Specified Investment Products (SIPs) |
The Monetary Authority of Singapore has introduced new requirements effective 1 January 2012 for financial institutions to formally assess a Retail/Derivatives customer’s investment knowledge and experience before selling certain investment products to the customer
The new requirements will apply to the sale of Specified Investment Products (“SIPs”) that include Listed SIPs such as Exchange Traded Funds (ETFs), Structured Warrants, as well as equities and stocks listed on an overseas exchange, and Unlisted SIPs such as Over-The-Counter Products and Leveraged Foreign Exchange.
In view of the new requirements, kindly note all retail investors will have to undergo a SIP Qualification Exercise if they are interested to trade in any of the Listed/Unlisted SIPs by completing the Specified Investment Products Declaration Form (“SIP Form”).
For more information on this SIP Qualification Exercise
- Click here if you are a DBS Vickers Retail Customer.
- Click here if you are a DBS Vickers Derivatives Customer.
To download SIP Form
- Click here if you are a DBS Vickers Retail Customer
- Click here if you are a DBS Vickers Derivatives Customer
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