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Trading Our Products - Specified Investment Products (SIPs)

  • What are Specified Investment Products (SIPs)

    Specified Investment Products (SIPs) are complex financial products that have structures, features and risks that are more difficult to understand.
    To safeguard the interests of retail investors, MAS implemented measures to ensure that investors understand the complexities and risks involved in trading SIPs. You must fulfil any one of these criteria:

    Educational qualifications Investment experience Work experience
    Diploma or higher qualifications in Accountancy, Actuarial Science, Business / Business Administration / Business Management / Business Studies, Capital Markets, Commerce, Economics, Finance, Financial Engineering, Financial Planning, Computational Finance or Insurance.

    Professional finance-related qualification
    At least 6 transactions in listed / unlisted SIPs in the past 3 years At least 3 consecutive years of working experience in the past 10 years in the development of, structuring of, management of, sale of, trading of, research on and analysis of investment products or the provision of training in investment products

    Experience in Accountancy, Actuarial Science, Treasury or Financial Risk Management

    Provision of legal advice or possession of legal expertise in abovementioned areas

    You will also need to submit the following declarations:

    SIP type Example Declarations If you do not satisfy any one of the above criteria, you will need to undergo an evaluation. For different kinds of SIPs, there are different evaluations:
    On SGX securities market
    • Certain Exchange-traded funds (ETFs) and notes (ETNs)
    • Futures (extended settlement contracts)
    • Structured warrants
    • Certificates
    • Callable bull / bear contracts (not available on SGX yet)
    Customer Account Review (CAR) declaration

    You can also login to iOCBC to declare CAR online. This can be found under the “SIP” tab.
    CAR declarations must be renewed every 3 years.
    SGX Online Education on SIPs
    On SGX derivatives market
    • Futures
    • Options
    Customer Account Review (CAR) declaration (For Futures/Options)

    CAR declarations must be renewed every 3 years.
    SGX Online Education on SIPs
    Unlisted SIPs Leveraged Foreign Exchange Customer Knowledge Assessment (CKA)

    CKA declarations must be renewed annually.
    ABS-SAS E-Learning Portal for Investors
    Foreign markets All overseas-listed investment products are classified as SIPs except the following which are classified as EIPs:
    • Ordinary Shares (excluding Preference Shares)
    • Company Warrants
    • Depository receipts
    • REITs
    • Bonds (plain vanilla)
    • Business trusts

    listed on the following exchanges:
    • NYSE
    • AMEX
    • NASDAQ
    • HKEX
    • SET
    • IDX
    • PHSo
    • SZSE
    • SSE
    • LSE
    • TSE
    • ASX
    • Bursa Malaysia
    Customer Account Review (CAR) declaration

    You can also login to iOCBC to declare CAR online. This can be found under the “SIP” tab.
    CAR declarations must be renewed every 3 years.

    Please note you also need to acknowledge a one-time Risk Warning Statement (RWS) before transacting in any overseas-listed investment product. You can also login to iOCBC to declare RWS online.
    SGX Online Education on SIPs

    Please refer to our SIP guide and cautionary notes in addition to our standard trading terms and conditions. For more information, you can also read Frequently Asked Questions on trading SIP/EIPs.