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.
Other faq that might help you
- What is Risk Warning Statement (RWS)?
- Who should submit acknowledgement of the Risk Warning Statement?
- If I pass the Customer Account Review, can I trade foreign EIPs/SIPs shares without acknowledging the Risk Warning Statement?
- How do I submit my acknowledgement of the Risk Warning Statement?
- I have multiple accounts with Phillip Securities. Do I have to acknowledge the Risk Warning Statement for every account?
- For joint accounts, do both account holders have to acknowledge the Risk Warning Statement?
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