Effective 1 January 2012, the MAS requires financial institutions to assess whether a retail investor has the relevant knowledge or experience to understand the risks and features of a Listed Specified Investment Product (SIP) before that product is offered to them. You are assessed to be eligible to transact in Listed 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. Listed SIPs available on our platform include ETFs. You may refer to the MAS Notice SFA 04-N12 on the Sale of Investment Products for more information on the Customer Account Review ("CAR") criteria.
If you do not meet the CAR criteria, you can still qualify by completing the SGX Online Education for listed SIPs (insert hyperlink: https://onlineeducation.sgx.com/specifiedinvestmentproducts/).
Please email your results to firstname.lastname@example.org after you complete this test. Your account will only be activated for trading after you submit your results.
The SGX's online learning modules cover the key features and risks of listed SIPs and take approximately 40 minutes to complete. You have to correctly answer 15 out of the 20 quiz questions.