Who is affected

These new MAS requirements apply to all retail clients.
Affected retail clients will have to undergo the Customer Knowlege Assessment(CKA) & Customer Account Review(CAR).

Who is exempted

The following segments are exempted from the new MAS requirements and do not have to undergo the Customer Knowlege Assessment(CKA) & Customer Account Review(CAR).

1. Accredited Investors as defined in Securities and Futures Act(Cap. 289) section 4A
2. Expert Investors as defined in Securities and Futures Act(Cap. 289) section 4A
3. Institutional Investors as defined in Securities and Futures Act(Cap. 289) section 4A
4. Corporations, unincorporated entities, partnerships, or trusts.**
5. “Overseas Investor” means any person outside Singapore who is an individual and –
   • not a citizen of Singapore;
   • not a permanent resident of Singapore; and
   • Not wholly or partly dependent on citizen or permanent resident of Singapore.
   
   **If you fit one or more of these categories, please furnish the relevant supporting documents and contact your representative.

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