- Important Notes for Transactions
- About FSM Global
- Account
- Fees, Charges & Calculations
- Funds (Unit Trusts)
- Bonds
- Stocks & ETFs
- Managed Portfolios
- Cash Solutions / Parking Facility / Payments
- Regular Saving Plan (RSP) and Top-Up Plan
- Insurance
- FSM Global Debit Card
- Product Financing
- Security and Safety
- Estate Planning
- Others
Restricted Funds
1. Section 305 of the Securities and Futures Act (“SFA”) states that restricted schemes can only be offered to either:
(i) a “relevant person”, or
(ii) a person who acquires the units at a consideration of not less than $200,000 (or its equivalent in a foreign currency) for each transaction.
2. Definitions:
"Relevant Person" means:
(a) an accredited investor (FSM+);
(b) a corporation, the sole business of which is to hold investments and the entire share capital of which is owned by one or more individuals, each of whom is an accredited investor;
(c) a trustee of a trust the sole purpose of which is to hold investments and each beneficiary of which is an individual who is an accredited investor;
(d) an officer or equivalent person of the person making the offer (such person being an entity) or a spouse, parent, brother, sister, son or daughter of that officer or equivalent person; or
(e) a spouse, parent, brother, sister, son or daughter of the person making the offer (such person being an individual).
For more information, please click here.
For daily-valuation funds, the order will be transacted on the same day if your order and payment is received before 3pm.
For non-daily valuation funds (e.g. weekly & monthly valuation), your order will be transacted on the next/ dealing day of the respective funds.
Please refer to Payment Instructions.
Note: In any case where the payment currency is different from the fund currency (e.g. purchase a USD denominated fund using SGD), we will convert the currency of your payment accordingly before submitting to the Fund Manager.
- Switch from a retail fund to a restricted fund
- Switch from a restricted fund to a retail fund
- Switch from a restricted fund to another restricted fund
Note:
- Switching may not be available for some restricted funds.
- Switching from a non-daily valuation restricted fund is not available.
Once the order is placed successfully, an email notification will be sent to you.
Once the order is placed successfully, an email notification will be sent to you.
For daily-valuation funds, the order will be transacted on the same day if your order is received before 3pm on any business day.
For non-daily valuation funds (e.g. weekly & monthly valuation), your order will be transacted on the next/ coming dealing day of the respective funds.
The sell/redemption proceeds will be credited into the selected redemption method on the settlement date.
Note: In any case where the sell/redemption proceeds currency is different from the fund currency (e.g. sell a USD denominated fund and chosen SGD Cash Account as the redemption method), we will convert the currency of your sell/redemption proceeds accordingly.