SG opens door to Singapore retail investors as new financial adviser regime implemented
New rules governing the sale and distribution of structured products in Singapore are set to be put to the test with the first product issued since the Lehman Brothers bankruptcy
Sales of structured products to retail investors in Singapore are under intense scrutiny following the implementation of stricter controls by the Monetary Authority of Singapore (MAS) in the revamped Financial Adviser Act, which came into effect in January. The new framework bans the use of the words "capital guarantee" and introduces restrictions on all forms of advertising and marketing.
"The MAS has implemented a more prescriptive process of know your customer (KYC) and know your product,"
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