Frequently Asked Questions
Accredited Investor
An AI includes “a corporation the entire share capital of which is owned by one or more persons, all of whom are accredited investors”. Does the requirement for the entire share capital of the corporation to be owned by AIs apply to the immediate owners of the client, or does it apply to the ultimate owners of the client?
The requirement for the entire share capital of the corporation to be owned by AIs may be applied at either the immediate shareholder level or at the ultimate owner level. For example, a corporation would be eligible as an AI if all its immediate shareholders are AIs. If one of the immediate shareholders, which is a corporation, does not meet the $10 million net assets threshold for corporate AIs, but the ultimate shareholder of this immediate shareholder is an AI, the client can still qualify as an AI.
In the case of shareholders which are corporations themselves, they would be considered as AIs either because the corporation has S$10 million net assets or is owned by the AIs themselves.
Other faq that might help you
- Do I need to qualify as an accredited investor to purchase wholesale bonds, restricted unit trust, universal life policies, and participate in legacy planning?
- What are the wholesale bonds that I can access?
- What restricted unit trust funds do you offer?
- What universal life policies and legacy planning do you offer?
- How do I opt-in to be an accredited investor?
- Are financial assets held with other financial institutions (FIs) in Singapore taken into consideration when computing total asset value?
- What do “Related liabilities” in the financial assets of the definition of AI refer to?
- What does “Primary residence” referred to?
- I have a joint account. I am qualified to declare as an AI but the other account holder is not qualified. How can my joint account be eligible to trade AI products?
- Can an existing AI withdraw consent and choose not to be treated as AI?
- I am an Accredited Investor with the bank/another broker, do I need to opt-in as an AI with PSPL?
- How do I qualify as an Accredited Investor using Net Personal Assets?
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