Advisers' obligations to Accredited Investors
Accredited Investors are assumed to be better informed, and better able to protect their own interests, and would require less regulatory protection. However, rules are in place to ensure they are indeed protected
Add BT as a preferred sourceON Oct 8, 2018, a slew of changes was made to the Securities and Futures Act and the Financial Advisers Act to usher in a new regime for Accredited Investors (AIs).
These changes were introduced by the Monetary Authority of Singapore (MAS) to enhance investor protection by, firstly, tightening the qualification criteria for AIs, and secondly, by giving investors who qualify as AIs the choice to determine the level of regulatory protection best suited to their risk profile and investment needs (that is, the opt-in/opt-out regime). In Singapore, AIs typically are offered access to a wider range of financial products and services, as they are assumed to be better informed, and better able to access resources to protect their own interests, and therefore require less regulatory protection.
The new definition of "Accredited Investor"
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