An AI is defined as someone who meets the following wealth or income thresholds:

Individuals

• Net personal assets exceed S$2 million (or its equivalent in a foreign currency), but net equity of primary residence capped at S$1 million of the S$2 million threshold; or
• Net financial assets (net of any related liabilities) exceed S$1 million (or its equivalent in a foreign currency); or
• Income in the preceding 12 months is not less than S$300,000 (or its equivalent in a foreign currency); or
• A person who holds a joint account with an accredited investor, in respect of dealings through that joint account

Corporations

• Net assets exceed S$10 million (or its equivalent in a foreign currency); or
• Entire share capital is owned by one or more persons, each of whom is an AI.

Trustee of Trust, when acting in that capacity

• Trust property exceeds $10 million in value (or its equivalent in a foreign currency); or
• All beneficiaries of the trust are AIs; or
• All settlors are AIs and have settlor reserved investment powers and revocation powers.

Below are some benefits and consequences of being an AI customer:

• An AI generally has access to a wider range of financial products and services.
• AIs are assumed to be better informed, and better able to access resources to protect their own interests, and therefore require less regulatory protection.
• Investors who agree to be treated as AIs therefore forgo the benefit of certain regulatory safeguards. For example, issuers of securities are exempted from issuing a full prospectus registered with the Monetary Authority of Singapore in respect of offers that are made only to AIs, and intermediaries are exempted from several business conduct requirements when dealing with AIs.
• Investors should consult a professional adviser if they do not understand any consequence of being treated as an AI.

For details on the relevant regulatory requirements which we will be exempted from when serving you as an AI, please refer to go.dbs.com/sg-accreditedinvestor.

Unless you opt out of AI status, DBS may continue serving you as an AI until 8 July 2020. For DBS to continue serving you as an AI after 8 July 2020, please complete the opt in form and return it to your Relationship Manager. Alternatively, you can also opt in via DBS iWealth^® on your web browser (see below). If you receive an email from the Bank, you may also opt in by a positive reply to the email. If you do not opt in for AI status, DBS will be required to treat you as a Non-Accredited Investor (“Non-AI”) for all your account(s) with us after 8 July 2020.

For avoidance of doubt, any joint accounts and/or non-individual accounts held with us may consequently be a Non-AI if it does not fulfil the wealth or income thresholds detailed in Question 1 above.

Generally, a Non-AI has access to a limited range of financial products and services as compared to those available to an AI.

For DBS Private Bank and Treasures Private Client
DBS Private Bank and Treasures Private Client may continue to serve you as a High Net Worth individual until we notify you otherwise. There may be limitations on the new investment products that we may offer to you. However, we shall continue to provide services to you for your existing investments.

For DBS Treasures
There may be limitations on the new investment products that we may offer to you. However, we shall continue to provide services to you for your existing investments.

AI status is held on a per financial institution basis. If you opt in for AI status, this will be applied to all DBS account(s) which are held in your name.

The only exception is in respect of Non-AIs who maintain joint accounts with at least one (1) account holder who is an AI. For such cases, if there is at least one (1) AI individual account holder, the non-AI account holders may opt in to be treated as an AI but only in respect of dealings through that joint account.

You may wish to note that DBS will be required to treat you as a non-AI for your joint account(s) from 8 July 2020 if the joint account does not have at least (i) one AI individual account holder or (ii) if the non-AI account holder(s) have not opted in to be treated as an AI for dealings through that joint account.

Existing AI clients may opt out of the AI status at any time. If you are an existing AI and wish to opt out of the AI status, please inform your Relationship Manager. Do note DBS may take approximately 14 days to process your request. DBS will notify you once your request has been processed and your investor status has been updated in DBS’ records. Until such time, you would still be considered an AI.

You can indicate your wish to opt in (i) by submitting your AI opt in through DBS iWealth^® (For fast and easy opt-in, please see below.); (ii) by returning the AI Opt In form through mail / scan / fax to your Relationship Manager; or (iii) by returning a positive email reply to your Relationship Manager if you receive an email from the Bank.

1. Login to DBS iWealth^®
   
   
   
2. Go to “Wealth Management” > “Request” tab and select “Accredited Investor Declaration”.
   
   
   
3. Select “Opt-in as AI”, complete and submit.