Requirements to Trade Specified Investment Products (SIPs)

Important information

• For Joint Trading Account & Individual Account with Mandate, both account holders and mandates must qualify for the CAR and/or CKA.
• The successful outcomes of CAR/CKA assessments conducted with other broking firms is not transferable to DBS Vickers.
• After you are assessed to be qualified to trade SIPs, we will conduct the CAR once every 3 years for accounts trading in Listed SIPs, and CKA once every year for accounts trading in Unlisted SIPs. If you are trading in both Listed and Unlisted SIPs, we will conduct your review annually.

How to complete the online declaration form

• Log in to DBS Vickers with your User ID and Password.
• Under My Account, select Account Management.
• Under Activated Products, select Make/Review SIP Declaration to complete the declaration form.

You are required to meet only ONE criteria below to qualify for CAR and/or CKA:

A. Educational Qualifications	Diploma or higher qualifications in one of the following fields: Accountancy Actuarial Science Business Administration/Business Management/Business Studies Capital Markets Commerce/ Economics /Finance Financial Engineering Financial Planning / Computational Finance and Insurance Professional Finance-related qualifications ( including Chartered Financial Analyst Examination conducted by CFA Institute, USA and the Association of Chartered Certified Accountants (ACCA) Qualifications)
B. Working Experience	Have a minimum of 3 consecutive years of working experience (such working experience would also include the provision of legal advice or possession of legal expertise on the relevant areas listed below) in the past 10 years, in the development of, structuring of, management of, sale of, trading of, research on or analysis of investment products, or the provision of training in investment products (as defined in Section 2 of the Financial Advisers Act (Cap. 110)). Work experience in Accountancy, Actuarial Science, Financial Markets or Financial Risk Management activities will also be considered relevant experience. Note: Support functions in the areas mentioned above that are administrative or clerical in nature will not be considered as relevant experience.
C. Investment Experience	CAR - At least 6 transactions in Listed SIPs in the preceding 3 years. CKA - At least 6 transactions in the specific Unlisted SIP in the preceding 3 years. For example, with the new requirements becoming effective on 1 January 2012, the period of the preceding 3 years is from 1 January 2009 to 31 December 2011. If you have a DBS Vickers Online Trading Account, you can check whether you have the sufficient number of trades to qualify you to be eligible for trading or investing in SIPs by logging in to your online account. If you do not have a DBS Vickers Online Trading Account but you have an offline Trading Account, you can contact your trading representative to check your eligibility status for trading or investing in SIPs.

More information

If you do not fulfil the SIPs declaration requirements, you may:

• Access the SGX Website and complete the Online Education Programme – Specified Investment Products.
• After completion, email your certificate obtained from SGX with your DBS Vickers Account Number to [email protected] and request for Listed SIP activation.