MAS seeks views on classification of complex products, including perps

THE Monetary Authority of Singapore (MAS) is seeking comments on whether perpetual securities should be reclassified as specified investment products (SIPs), a move that could affect the future distribution of such instruments to retail investors.

Other investment products highlighted include collective investment schemes (CIS), debentures and preference shares, according to the consultation paper issued on Wednesday (Nov 3).

MAS is looking to classify these investment products as either excluded investment products (EIPs) or SIPs. This means enhanced safeguards when these products are being distributed to retail investors.