Transcription of SECURITIES AND FUTURES ACT (“SFA”) AND FINANCIAL …
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SECURITIES AND FUTURES ACT (“SFA”) AND FINANCIAL …
Monetary Authority of Singapore SECURITIES AND FUTURES ACT ( SFA ) AND FINANCIAL ADVISERS ACT ( FAA ) FREQUENTLY ASKED QUESTIONS ( FAQs ) ON THE DEFINITION OF ACCREDITED INVESTOR AND OPT-IN PROCESS Disclaimer: The FAQs are meant to provide guidance to the industry on MAS policy and administration of the SECURITIES and FUTURES Act and regulations. They do not constitute legal advice. MAS expects industry participants to retain their independent legal counsel to advise them on how their business operations should be conducted in order to satisfy the legal and regulatory requirements, and to advise them on all applicable laws, rules and regulations of Singapore. 2 (I) Definition of Accredited Investor ( AI ) under the SFA Q1 When a FINANCIAL institution is computing the FINANCIAL assets of an individual to determine the individual s eligibility as an AI under section 4A(1)(a)(i)(B) of the SFA, can FINANCIAL assets held with other FINANCIAL institutions (in Singapore or otherwise) be included?
Oct 23, 2019 · Proposals to Enhance Regulatory Safeguards for Investors in the Capital Markets dated 22 September 2015 (“MAS’ Response to Feedback Received”), “related liabilities” include a margin account and credit lines taken to finance an investment portfolio.
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