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2.2

Trading Members that hold a Capital Markets Services Licence should bear in mind the effect of Sections 274, 275 and 276 of the SFA. If a customer wants to trade in a security that is offered in reliance on the exemptions under Sections 274 or 275 of the SFA, Trading Members should:

(a) explain to the customer the effect of Sections 274, 275 and 276 of the SFA, and the definition of "Relevant Person" under Section 275 of the SFA;
(b) obtain documents to satisfy themselves that the customer is an institutional investor or a Relevant Person; and
(c) prominently disclose to the customer in writing that:
(i) the aforesaid security is one that is offered in reliance on the exemptions under Sections 274 or 275 of the SFA,
(ii) for such a security, the requirement to lodge a prospectus or profile statement with the Authority and SGX-ST does not apply.

Added on 3 June 20193 June 2019.