There are certain more complex retail investment products that are classified as Specified Investment Products (SIPs). 

• If you want to buy and sell SIPs listed on an exchange, you need to go through a Customer Account Review (CAR) before opening an account.  
• If you want to buy and sell SIPs that are not listed on an exchange, you need to meet the Customer Knowledge Assessment (CKA) criteria. 
• You are assessed to be eligible to transact in Unlisted SIPs when you fulfil any one of the three criteria based on your educational qualifications, working experience and/or investment experience. As such, it is important that you answer these questions accurately during the online application process.
• You are only eligible for Income portfolios if you meet at least one of the following criteria:
  • Have the relevant educational qualifications 
  • Have a professional finance-related qualification
  • Have a minimum of 3 consecutive years of relevant working experience in the past 10 years
  • Have made at least 6 transactions in unlisted SIPs in the last 3 years. Transactions include buying unlisted SIPs or topping up your investment in an unlisted SIP
  • Have completed the free online learning modules from ABS-SAS e-learning portal on SIPs and passed the assessment at the end of it 
• Please refer to MAS guidelines for better understanding of SIPs.