Customer Account Review (CAR) & Customer Knowledge Assessment (CKA) Form

Customer Account Review (CAR) & Customer Knowledge Assessment (CKA) Form

For all individuals who are not Accredited Investor or Expert Investor.

In view of the requirements introduced by MAS for retail customers who wish to transact Specified Investment Products (SIPs), Phillip Securities Pte Ltd (PSPL) requires customers to update their profile to assess if they possess the relevant knowledge or experience to understand the risks of SIPs. These requirements are introduced to protect investors' interest. For your information, SIPs refer to investment products that may be more complex in nature and/or have features and risks that may be more difficult to understand. SIPs generally include but are not limited to Options, Listed Futures, Structured Warrants, Unit Trusts, Contracts for Differences (CFDs), Equity Linked Notes, Exchange Traded Funds (ETFs)* and Overseas Listed Investment Products*.

To ensure that retail customers have the relevant knowledge or experience to understand the risks and features of the SIPs before transacting, PSPL will conduct the following assessment(s) for retail customers:

  1. Customer Account Review ("CAR") for listed SIPs, and/or
  2. Customer Knowledge Assessment ("CKA") for unlisted SIPs.

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