MAS New Requirements for Retail Investors

With effect from 1 January 2012, the Monetary Authority of Singapore requires intermediaries to assess investment knowledge and experience of retail customers.  This means that an individual who do not possess the following will no longer be allowed to invest without their brokers' assistance ie independent trading!

As part of the Monetary Authority of Singapore’s initiatives to provide trading safeguards to retail investors, brokers must assess if investors have the relevant knowledge and experience before they can invest using Specified Investment Products.


Specified Investment Products have structures, features and risks that may be more complex and require more knowledge to understand.  The current list of Specified Investment Products includes:

• Exchange Traded Funds (ETFs)
• Exchange Traded Notes (ETNs)
• Futures (Extended Settlement contracts)
• Structured Warrants
• Futures and Options

More of such products may be introduced to the market in future.


Click here to learn more about SGX-listed Specified Investment Products.
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