Investor type description

 

“Professional investor” means an “accredited investor”, “expert investor” or “institutional investor” as defined in Section 4A of the Securities and Futures Act (Cap. 289).

 

“Private Investor” means an investor who is not a Professional Investor.

 

 

“Accredited investor” means -        

 

      (i)         an individual –  

 

              (A)       whose net personal assets exceed in value S$2 million (or its equivalent in a foreign currency) or such other amount as the Monetary Authority of Singapore (“the Authority”) may prescribe; or


              (B)       whose income in the preceding 12 months is not less than S$300,000 (or its equivalent in a foreign currency) or such other amount as the Authority may prescribe;

 

      (ii)        a corporation with net assets exceeding S$10 million in value (or its equivalent in a foreign currency) or such other amount as the Authority may prescribe, as determined by –

              (A)       the most recent audited balance-sheet of the corporation; or

 
              (B)     where the corporation is not required to prepare audited accounts regularly, a balance-sheet of the corporation certified by the corporation as giving a true and fair view of the state of affairs of the corporation as of the date of the balance-sheet, which date shall be within the preceding 12 months;



      (iii)       the trustee of such trust as the Authority may prescribe, when acting in that capacity; or

 

      (iv)       such other person as the Authority may prescribe.

 

“Expert investor” means –

 

      (i)      a person whose business involves the acquisition and disposal, or the holding, of capital markets products, whether as principal or agent;

 

      (ii)      the trustee of such trust as the Authority may prescribe, when acting in that capacity; or



      (iii)     such other person as the Authority may prescribe.

 

“Institutional investor” means –


      (i)         a bank that is licensed under the Banking Act (Cap. 19);

 

      (ii)        a merchant bank that is approved as a financial institution under section 28 of the Monetary Authority of Singapore Act (Cap. 186);

 

      (iii)       a finance company that is licensed under the Finance Companies Act (Cap. 108);

 

      (iv)       a company or society registered under the Insurance Act (Cap. 142) as an insurer;

 

      (v)        a company licensed under the Trust Companies Act 2005 (Act 11 of 2005);

 

      (vi)       the Government of Singapore;

 

      (vii)      a statutory body established under any Act;

 

      (viii)     a pension fund or collective investment scheme;

 

      (ix)      the holder of a capital markets services licence for -

 

               (A)     dealing in securities;

 

               (B)     fund management;

 

               (C)     providing custodial services for securities;

 

               (D)     real estate investment trust management;

               (E)     securities financing; or

               (F)     trading in futures contracts;

 

      (x)       a person (other than an individual) who carries on the business of dealing in bonds with accredited investors or expert investors;

 

      (xi)      the trustee of such trust as the Authority may prescribe, when acting in that capacity; or

 

      (xii)     such other person as the Authority may prescribe.

 

If you are in any doubt as to whether you fall within the definition of “Professional Investor”, you MUST answer “Private Investor”.  The information contained within the section of this web-site accessed with a “Professional Investor” answer is intended for use only by accredited investors, expert investors and institutional investors and must not be relied upon by any other

2010 Société Générale Group