- Important Notes for Transactions
- About FSM Global
- Account
- Fees, Charges & Calculations
- Funds (Unit Trusts)
- Bonds
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Accredited Investor / FSM+ Programme
- An individual with a personal income of at least SGD 300,000 (or equivalent in foreign currency) in the past 12 months; or
- An individual with net personal assets exceeding SGD 2 million (or equivalent in foreign currency); or
- An individual with net financial assets (net of any related liabilities) exceeding SGD 1 million (or equivalent in foreign currency); or
- A corporation with net assets exceeding SGD 10 million (or equivalent in foreign currency), based on its most recent audited balance sheet or a certified balance sheet within the past 12 months.
For more details on FSM+ benefits, please refer to Reap More Benefits as a FSM+ Investor!
The effects of remaining as an Accredited Investor:
(a) iFAST Financial Pte. Ltd ("iFAST") will be exempted from fulfilling the below obligations stipulated in the Financial Advisers Act ("FAA"):
i) Section 25 of the FAA – Disclosure of product information;
ii) Section 36 of the FAA – Disclosure of certain interests in securities; and
iii) Section 27 of the FAA – Reasonable basis for making any investment recommendation;
(b) You shall be responsible for ensuring the suitability of the financial product(s) purchased, and will be unable to rely on the sections above to file a civil claim against iFAST or its product & service providers in the event of a loss.
(c) Under the Financial Advisers (Complaints Handling and Resolution) Regulations 2021 ("FA(CHR)R") (w.e.f 3 January 2022), a financial adviser is required to establish an independent unit to handle and resolve complaints and is required to comply with its' established complaint handling and resolution process for complaints relating to the provision of financial advisory services. I/We understand that when iFAST deal with me as an accredited investor, iFAST is not under any obligation to comply with the requirements set out in the FA(CHR)R and therefore, I/We will not be protected by the requirements of the FA(CHR)R for any complaints made.
(d) iFAST or its product & service providers is permitted to offer products without having to comply with prospectus and debentures requirements under the Securities Future Act (SFA).
(e) You will not be entitled to compensation from the fidelity fund maintained by SGX when there is pecuniary loss in connection with dealing or trading on SGX’s markets when iFAST or its agent commits defalcation in relation to any money or property placed with iFAST or its agent.
(f) When you receive a preliminary document, which has been lodged with the Authority that is subject to further amendments and completion, you are reminded that you:
(i) Shall not circulate this preliminary document to any other person;
(ii) Shall not, on the basis of this preliminary document, make any purchase or subscription for any securities or securities based derivatives contract to which this preliminary document relates; and
(iii) Will be notified once the registered prospectus is available for collection.
In addition to gaining access to a wider range of investment products, FSM+ investors will also receive dedicated service from our Investment Advisory team and priority invitation to exclusive events, among other benefits.
For a full list of benefits exclusive to FSM+ investors and to enrol in the FSM+ programme, please refer to Reap More Benefits as a FSM+ Investor!
“6 MAS differentiates between retail and non-retail investors in its capital markets regulatory framework, with the full range of regulatory safeguards targeted at retail investors. Non-retail investors – institutional and expert investors – are considered to be better informed and/or better able to access resources to protect their interests, and hence require less regulatory protection. This approach is in line with the practice of other major financial centres.
7 The global financial crisis has led the international regulatory community to examine whether non-retail investors are necessarily better informed or require less regulatory protection than retail investors. In this respect, MAS proposes to provide AIs with a choice to benefit from the full range of capital markets regulatory safeguards that are applicable for retail investors. Under this proposal, AIs will by default be treated as retail investors unless they choose to “opt-in” to AI status. An AI who chooses to “opt-in” to AI status may be one who is willing to forgo the benefits of regulatory safeguards available to retail investors, in return for the ability to access a wider range of complex and risky investment products.”
Since the Platinum Club was launched in 2010, FSM Global has only offered restricted funds to our investors who have proactively declared their Accredited Investor status and hence enrolled in the Platinum Club. Continuing this practice and thus in accordance to the MAS directive, FSM+ will cater specifically to FSM Global Accredited Investors who have indicated their interest in accessing the wider range of investment products. To guide FSM+ investors in navigating these more sophisticated product offerings, dedicated service from our Investment Advisory team, in addition to other exclusive benefits, will be offered to FSM+ investors.
For more benefits of FSM+ and to enrol in the FSM+ programme, please refer to Reap More Benefits as a FSM+ Investor!
Depending on the criteria you qualify under, the following documents may be required:
- For income criteria (≥ SGD 300,000 annual income):
- Past 12 month payslip(s) and/or latest Income Tax Notice of Assessment (NOA) or IR8A form.
- For net personal assets (≥ SGD 2 million):
- Latest bank statements, property ownership documents/ property tax statement, or equivalent supporting documents.
- For net financial assets (≥ SGD 1 million):
- Latest bank/brokerage statements or CPF statements showing financial asset holdings.
- For corporations (net assets ≥ SGD 10 million):
- Most recent audited balance sheet, or a certified balance sheet (within the past 12 months).
FSM Global may request additional documents if further clarification is needed. Once we receive the complete set of documents, the review process will take approximately 2 to 3 business days, and we will notify you of the outcome via email.
When your status expires, you will need to resubmit your latest documents for our review in order to maintain your Accredited Investor / FSM+ status.
You can submit your declaration via Account Settings > Activated Products > Restricted Products.
For more information about Restricted Funds please click here.
Should you wish to reinstate your Accredited Investor status after the withdrawal, you will need to resubmit your AI declaration.