Frequently Asked Questions
What is Risk Warning Statement (RWS)?
MAS notes that foreign-listed investment products, including EIPs, may carry a different set of risks and different levels of protection for investors from those offered locally. MAS will therefore require intermediaries to warn retail customers of the possible risks prior to the customer’s first purchase of a foreign-listed investment product starting from 28 Feb 2013, as well as to obtain the customer’s acknowledgement on the risk warning disclosure.
A risk warning disclosure highlights the key risks that customers should be aware of before trading in overseas-listed investment products. These include differences in legal systems, regulatory regime, political, social and economic developments as well as differences in costs, counterparty and correspondent broker risks between the foreign jurisdictions and Singapore.
Who should submit acknowledgement of the Risk Warning Statement?
- Accredited Investor
- Expert Investor
- Institutional Investor
If I pass the Customer Account Review, can I trade foreign EIPs/SIPs shares without acknowledging the Risk Warning Statement?
What happens if I did not acknowledge RWS by 28 Feb 2013?
How do I submit my acknowledgement of the Risk Warning Statement?
You may submit your acknowledgement of Risk Warning Statement through one of the following ways:1. Log in to your online trading account via POEMS 2.0 platform. Acknowledge receipt of the Risk Warning Statement by going to “Acct Mgmt”> “RWS Acknowledgement”; or 2. Approach any Phillip Investor Centres or contact your Trading Representative to complete the physical form of Risk Warning Statement.