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From March 2016, CPF savings cannot be used to buy stocks on SGX watch-list

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The CPF board on Tuesday said that from March 1 of next year, CPF savings held under the CPF Investment Scheme (CPFIS) will not be allowed to purchase securities on the watch-list of the Singapore Exchange (SGX).

The CPF board on Tuesday said that from March 1 of next year, CPF savings held under the CPF Investment Scheme (CPFIS) will not be allowed to purchase securities on the watch-list of the Singapore Exchange (SGX).

"Companies under Singapore Exchange's (SGX) existing rules are subject to de-listing if they fail to exit the SGX watch-list," CPF board said in a statement.

"This restriction serves to safeguard members' CPF savings as securities placed on the SGX watch-list could potentially be de-listed."

CPF said that those who have invested in securities prior to their being placed on the SGX watch-list can choose to hold or sell them or participate in corporate actions. This is subject to the prevailing CPFIS rules and limits for these securities.

sentifi.com

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