Yes, Syfe is required to conduct a Customer Knowledge Assessment (CKA) if you wish to invest in portfolios that include unlisted Specified Investment Products (SIPs). These are considered more complex investment products under MAS regulations.

The purpose of the CKA is to assess whether you have the relevant knowledge or experience to understand the features and risks of these unlisted SIPs.

Portfolios that currently require CKA:

• Income+ Preserve (Cash or SRS)
• Income+ Enhance (Cash or SRS)
• Core Equity100 (SRS only)

You meet the CKA criteria if you fulfill any one of the following:

• Have relevant educational qualifications
• Hold a professional finance-related qualification
• Have a minimum of 3 consecutive years of relevant working experience in the last 10 years
• Have made at least 6 transactions in unlisted SIPs in the past 3 years (includes top-ups)
• Have completed the free online learning modules from ABS-SAS e-learning portal on SIPs and passed the assessment at the end of it

You will be prompted to complete this assessment during your account setup or when subscribing to a portfolio that requires CKA. It is important to answer the questions accurately to ensure eligibility.

More about SIPs

SIPs are generally more complex products that may involve derivatives or non-standard return structures. Because of this complexity, MAS mandates that financial institutions like Syfe assess investors’ understanding before offering them such products. Please refer to MAS guidelines for better understanding of SIPs.