notices

We wish to inform you that with effect from 1st July 2013, a Trading Representative must pass the Module 6A of the Capital Markets and Financial Advisory Services (CMFAS) examination in order to deal in any Specified Investment Product ('SIP') for his/her client. Examples of listed SIPs include certain securities, covered warrants, exchange traded funds or extended settlement contracts. An example of unlisted SIP is contract for difference ('CFD').

Where you require assistance from your Trading Representative to deal for you, we are required to notify you that if the representative is only EIP-Qualified, he/she will not be able to assist you in the SIP dealing or dealing related needs pending his/her passing of the CMFAS Module 6A examination.

However, the Trading Representative (who is EIP-Qualified) can continue to deal in Excluded Investment Products ('EIPs') which include corporate shares or stocks and REITs listed on Singapore Exchange (SGX) or approved foreign exchanges such as HKSE, Bursa Malaysia, NYSE or LSE etc.

How does this affect your trading of SIP?

1. If you are placing an SIP order through the electronic platform, you may continue to do so on a self-execution basis.
2. If you require a broker’s assistance to place an SIP order, your Trading Representative will provide you the contact particulars of the designated qualified representative for you to contact directly.

This arrangement will remain until the EIP-Qualified representative passes his/her CMFAS Module 6A examination.

Should you have any queries, please contact your Trading Representative or our Hotline at 6799 8188. You may also email us at online@limtan.com.sg.

For Securities Association of Singapore Press release, please click here.

For more information on SIP, please click here.