Yesterday we just went to a briefing conducted by our business partner with regards to the Listed Special Investment Products (SIP). The main points are listed as below:
1. With effect from 1 January 2012, Trading Representative is required to pass Module 6A (which replaces Module 7). For those existing TR, they are given grace period until June 2013 to pass the Module 6A.
2. Paid Advice is introduced to the clients who wishes to get the advice from TRs. A proposed 500 dollar would be charged upfront for an interview with clients to better understand their risk and return as well as investment time horizon and unique requirement on the investment.
3. Clients who wish to trade listed SIPs must fulfil the requirement set by MAS:
- obtain diploma or above of business/finance/accountancy related course
- obtain certification such as ACCA, CFA, ChFC, CFP
- have at least 3 consecutive year of experience in finance / investment industry
- have at least 6 transaction for the past 3 years
- pass the online quiz (18 out of 20) posted by MAS
We can foresee that more clients will be brought up the awareness where the higher possible risk products consists of higher risk. They should seek advice from the experts before they can start trading in those listed SIPs. Of course, we cannot guarantee that performance of listed SIPs will be definitelybetter than local shares, however, we should understand the underlying risks involved before we start investing in this products.
Subscribe to:
Post Comments (Atom)
View All My Posts Here
-
►
2015
(4)
- ► March 2015 (1)
- ► February 2015 (3)
-
►
2014
(191)
- ► December 2014 (2)
- ► November 2014 (8)
- ► October 2014 (8)
- ► September 2014 (6)
- ► August 2014 (51)
- ► April 2014 (5)
- ► March 2014 (10)
- ► February 2014 (19)
- ► January 2014 (20)
-
►
2013
(175)
- ► December 2013 (12)
- ► November 2013 (7)
- ► October 2013 (12)
- ► September 2013 (7)
- ► August 2013 (31)
- ► April 2013 (20)
- ► March 2013 (8)
- ► February 2013 (13)
- ► January 2013 (18)
-
▼
2012
(132)
- ► December 2012 (43)
- ► November 2012 (11)
- ► October 2012 (7)
- ► September 2012 (31)
- ► August 2012 (20)
- ► March 2012 (1)
-
►
2011
(226)
- ► December 2011 (10)
- ► November 2011 (11)
- ► October 2011 (8)
- ► September 2011 (24)
- ► August 2011 (48)
- ► April 2011 (17)
- ► March 2011 (10)

No comments:
Post a Comment