Reclassified Products are reclassification of certain Overseas-Listed Investment Products (OIPs) which were formerly treated as Specified Investment Products (SIPs) that will now, be treated as Excluded Investment Products (EIPs).

The Reclassified Products are to have materially the same product characteristics as EIPs traded on the Singapore Exchange Securities Trading Limited (SGX).

EIPs are limited to securities (and options on such securities) that are listed for trading on an approved securities exchange in Singapore and not specifically specified by such securities exchange to be a Specified Investment Product.

EIPs are less complex products which are already established in the market and are generally well understood by retail investors.

The only level of service made available from RHB Securities Singapore Pte. Ltd. for EIPs are (i) execution only; and (ii) dealing with advice under a formal advisory agreement (“Paid Advice”).

The Reclassified Products are effective from 4 January 2013.

Risk Warning Statement includes but not limited to the following risks and other significant aspects of trading in an Overseas-Listed Investment Product.

  • Differences in Regulatory Regimes;
  • Differences in Legal Systems;
  • Different costs involved;
  • Counterparty and correspondent broker risks; and
  • Political, economic and social developments.

Risk Warning Statement applies to any and all Overseas-Listed Investment Products and not only to the Reclassified Products.

Pursuant to paragraph 29E of the Notice on the Sale of Investments Products, investors who do not acknowledge the Risk Warning Statement will not be allowed to transact in any Overseas-Listed Investment Product on or after 28 February 2013.

For new investors, a copy of the Risk Warning Statement will be provided as part of the account opening form. Subsequently, you will also be required to acknowledge the Risk Warning Statement on RHB Invest upon launching your first transaction on Overseas-Listed Investment Product.

For existing investors, you are required to read, understand and acknowledge the Risk Warning Statement on RHB Invest upon launching your first transaction on Overseas-Listed Investment Product.

A copy of the Risk Warning Statement is also available here.

Yes, you may only trade in Excluded Investment Products (EIPs) that are Overseas-Listed Investment Products (OIPs) if you have read, understand and acknowledge the Risk Warning Statement. For avoidance of doubt, you will not be allowed to trade in Specified Investment Products that are OIPs.