Customer assessment. 7.1 You agree and acknowledge that in assessing your eligibility to trade in securities and units in collective investment schemes, we may be required to take into account and give due consideration to your investment knowledge and experience to trade in Listed Specified Investment Products (“Customer Account Review”) and unlisted Specified Investment Products ("Customer Knowledge Assessment"), or of your investment profile, financial objectives, financial situation, and particular needs (the "Needs Analysis") before or while providing any Services, opening any Account or to entering into any Transaction for your Account. The Customer Account Review, Customer Knowledge Assessment and Needs Analysis may be recorded in such documents as we may require from time to time. Pursuant to such Customer Account Review, Customer Knowledge Assessment and Needs Analysis, we may collect information about your investment objectives, financial situation and particular needs, including but not limited to the following: 7.1.1 your financial objectives; 7.1.2 your risk tolerance; 7.1.3 your employment status; 7.1.4 your financial situation, including your assets, liabilities, cash flow and income; 7.1.5 the source and amount of your regular income; 7.1.6 your financial commitments; 7.1.7 your current investment portfolio, including any life policy; 7.1.8 whether the amount to be invested is a substantial portion of your assets; 7.1.9 whether you hold a diploma or have higher qualifications in accountancy, actuarial science, business/business administration/business management/business studies, capital markets, commerce, economics, finance, financial engineering, financial planning, computational finance and insurance; 7.1.10 whether you have a professional finance-related qualification; 7.1.11 whether you have transacted in Listed Specified Investment Products at least 6 times in the preceding 3 years; 7.1.12 whether you have invested in certain collective investment schemes or investment- linked policies at least 6 times in the preceding 3 years, or any other unlisted SIP at least 6 times in the preceding 3 years; and 7.1.13 whether you have a minimum of 3 consecutive years of working experience in the past 10 years in the development of, structuring of, management of, sale of, trading of, research on and analysis of investment products or the provision of training in investment products, including any work experience in accountancy, actuarial science, treasury or financial risk management activities. 7.2 You warrant and represent to us, and shall be deemed to warrant and represent to us on each occasion that any information is provided to us for purposes of determining your investment knowledge, experience, objectives or needs, that all such information provided to us is accurate, correct, complete, and up-to-date. 7.3 You hereby agree and confirm that: 7.3.1 we are entitled to rely and act, and continue to rely and act, on the information you provide to us without verifying such information, and without any further inquiry or investigation; 7.3.2 you are, at all times, responsible and liable for the accuracy, correctness and completeness of the information; 7.3.3 you will promptly update and inform us of any change in such information; 7.3.4 you shall be solely responsible for ensuring that the Investment Strategy chosen by you based on a range made available to you is suitable and appropriate for you, taking into account your specific objectives, financial situation, investment experience, knowledge and particular needs. 7.4 We are also required to consider whether you have the relevant educational qualifications, investment experience and work experience in order to trade in both Listed and unlisted Specified Investment Products. 7.5 Where we have determined that you do NOT have the relevant knowledge or experience under the Customer Account Review to trade in Listed Specified Investment Products, we will need to ensure the following requirements are met: 7.5.1 We will inform you of the outcome of the Customer Account Review. 7.5.2 In such case, the Listed Specified Investment Products will not be suitable for you. In such case, Syfe may not accept you as a client. 7.5.3 However, if you wish to trade in Listed Specified Investment Products and wish to proceed in spite of the above, you will need to provide written confirmation that: (i) you understand that you have been assessed as not possessing the knowledge or experience in the Listed Specified Investment Products; and (ii) nonetheless, you still intend to proceed despite such assessment. 7.6 Where we have determined that you do NOT have the relevant knowledge or experience under the Customer Knowledge Assessment to trade in unlisted Specified Investment Products, we will need to ensure the following requirements are met: 7.6.1 We will inform you in writing of the outcome of the Customer Knowledge Assessment. 7.6.2 In such case, the unlisted Specified Investment Products will not be suitable for you. In such case, Syfe may not accept you as a client. 7.6.3 However, if you wish to trade in unlisted Specified Investment Products and wish to proceed in spite of the above, you will need to contact Syfe for further information on the unlisted Specified Investment Products. 8 Trading limits and restrictions 8.1 Syfe may in its sole and absolute discretion without giving any reason or without notice to you, at any time and from time to time impose, remove or amend any trading or Transaction restrictions or any limits, including position limits, Transaction limits and limits on contract
Appears in 5 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
Customer assessment. 7.1 You agree and acknowledge that in assessing your eligibility to trade in securities and units in collective investment schemes, we may be required to take into account and give due consideration to your investment knowledge and experience to trade in Listed Specified Investment Products (“Customer Account Review”) and unlisted Specified Investment Products ("Customer Knowledge Assessment"), or of your investment profile, financial objectives, financial situation, and particular needs (the "Needs Analysis") before or while providing any Services, opening any Account or to entering into any Transaction for your Account. The Customer Account Review, Customer Knowledge Assessment and Needs Analysis may be recorded in such documents as we may require from time to time. Pursuant to such Customer Account Review, Customer Knowledge Assessment and Needs Analysis, we may collect information about your investment objectives, financial situation and particular needs, including but not limited to the following:
7.1.1 your financial objectives;
7.1.2 your risk tolerance;
7.1.3 your employment status;
7.1.4 your financial situation, including your assets, liabilities, cash flow and income;
7.1.5 the source and amount of your regular income;
7.1.6 your financial commitments;
7.1.7 your current investment portfolio, including any life policy;
7.1.8 whether the amount to be invested is a substantial portion of your assets;
7.1.9 whether you hold a diploma or have higher qualifications in accountancy, actuarial science, business/business administration/business management/business studies, capital markets, commerce, economics, finance, financial engineering, financial planning, computational finance and insurance;
7.1.10 whether you have a professional finance-related qualification;
7.1.11 whether you have transacted in Listed Specified Investment Products at least 6 times in the preceding 3 years;
7.1.12 whether you have invested in certain collective investment schemes or investment- linked policies at least 6 times in the preceding 3 years, or any other unlisted SIP at least 6 times in the preceding 3 years; and
7.1.13 whether you have a minimum of 3 consecutive years of working experience in the past 10 years in the development of, structuring of, management of, sale of, trading of, research on and analysis of investment products or the provision of training in investment products, including any work experience in accountancy, actuarial science, treasury or financial risk management activities.
7.2 You warrant and represent to us, and shall be deemed to warrant and represent to us on each occasion that any information is provided to us for purposes of determining your investment knowledge, experience, objectives or needs, that all such information provided to us is accurate, correct, complete, and up-to-date.
7.3 You hereby agree and confirm that:
7.3.1 we are entitled to rely and act, and continue to rely and act, on the information you provide to us without verifying such information, and without any further inquiry or investigation;
7.3.2 you are, at all times, responsible and liable for the accuracy, correctness and completeness of the information;
7.3.3 you will promptly update and inform us of any change in such information;
7.3.4 you shall be solely responsible for ensuring that the Investment Strategy chosen by you based on a range made available to you is suitable and appropriate for you, taking into account your specific objectives, financial situation, investment experience, knowledge and particular needs.
7.4 We are also required to consider whether you have the relevant educational qualifications, investment experience and work experience in order to trade in both Listed and unlisted Specified Investment Products.
7.5 Where we have determined that you do NOT have the relevant knowledge or experience under the Customer Account Review to trade in Listed Specified Investment Products, we will need to ensure the following requirements are met:
7.5.1 We will inform you of the outcome of the Customer Account Review.
7.5.2 In such case, the Listed Specified Investment Products will not be suitable for you. In such case, Syfe may not accept you as a client.
7.5.3 However, if you wish to trade in Listed Specified Investment Products and wish to proceed in spite of the above, you will need to provide written confirmation that: (i) you understand that you have been assessed as not possessing the knowledge or experience in the Listed Specified Investment Products; and (ii) nonetheless, you still intend to proceed despite such assessment.
7.6 Where we have determined that you do NOT have the relevant knowledge or experience under the Customer Knowledge Assessment to trade in unlisted Specified Investment Products, we will need to ensure the following requirements are met:
7.6.1 We will inform you in writing of the outcome of the Customer Knowledge Assessment.
7.6.2 In such case, the unlisted Specified Investment Products will not be suitable for you. In such case, Syfe may not accept you as a client.
7.6.3 However, if you wish to trade in unlisted Specified Investment Products and wish to proceed in spite of the above, you will need to contact Syfe for further information on the unlisted Specified Investment Products. 8 Trading limits and restrictions
8.1 Syfe may in its sole and absolute discretion without giving any reason or without notice to you, at any time and from time to time impose, remove or amend any trading or Transaction restrictions or any limits, including position limits, Transaction limits and limits on contractcontract size in respect to any Account upon you. No previous limit or restriction shall set a precedent or bind Syfe. You undertake to comply with and shall not breach or exceed such restrictions and limits as imposed on you by Syfe and any other trading restrictions or positions limits under Applicable Laws, including those imposed by any exchange or market or clearing house. If you exceed any trading restriction or position limit, Syfe is authorised to disclose your identity and your positions, and/or liquidate any of your positions.
Appears in 1 contract
Samples: Client Agreement
Customer assessment. 7.1 You agree and acknowledge that in assessing your eligibility to trade in securities and units in collective investment schemes, we may be required to take into account and give due consideration to your investment knowledge and experience to trade in Listed Specified Investment Products (“Customer Account Review”) and unlisted Specified Investment Products ("Customer Knowledge Assessment"), or of your investment profile, financial financial objectives, financial situation, and particular needs (the "Needs Analysis") before or while providing any Services, opening any Account or to entering into any Transaction for your Account. The Customer Account Review, Customer Knowledge Assessment and Needs Analysis may be recorded in such documents as we may require from time to time. Pursuant to such Customer Account Review, Customer Knowledge Assessment and Needs Analysis, we may collect information about your investment objectives, financial situation and particular needs, including but not limited to the following:
7.1.1 your financial objectives;
7.1.2 your risk tolerance;
7.1.3 your employment status;
7.1.4 your financial situation, including your assets, liabilities, cash flow and income;
7.1.5 the source and amount of your regular income;
7.1.6 your financial commitments;
7.1.7 your current investment portfolio, including any life policy;
7.1.8 whether the amount to be invested is a substantial portion of your assets;
7.1.9 whether you hold a diploma or have higher qualifications in accountancy, actuarial science, business/business administration/business management/business studies, capital markets, commerce, economics, finance, financial engineering, financial planning, computational finance and insurance;
7.1.10 whether you have a professional finance-related qualification;
7.1.11 whether you have transacted in Listed Specified Investment Products at least 6 times in the preceding 3 years;
7.1.12 whether you have invested in certain collective investment schemes or investment- linked policies at least 6 times in the preceding 3 years, or any other unlisted SIP at least 6 times in the preceding 3 years; and
7.1.13 whether you have a minimum of 3 consecutive years of working experience in the past 10 years in the development of, structuring of, management of, sale of, trading of, research on and analysis of investment products or the provision of training in investment products, including any work experience in accountancy, actuarial science, treasury or financial risk management activities.
7.2 You warrant and represent to us, and shall be deemed to warrant and represent to us on each occasion that any information is provided to us for purposes of determining your investment knowledge, experience, objectives or needs, that all such information provided to us is accurate, correct, complete, and up-to-date.
7.3 You hereby agree and confirm that:
7.3.1 we are entitled to rely and act, and continue to rely and act, on the information you provide to us without verifying such information, and without any further inquiry or investigation;
7.3.2 you are, at all times, responsible and liable for the accuracy, correctness and completeness of the information;
7.3.3 you will promptly update and inform us of any change in such information;
7.3.4 you shall be solely responsible for ensuring that the Investment Strategy chosen by you based on a range made available to you is suitable and appropriate for you, taking into account your specific objectives, financial situation, investment experience, knowledge and particular needs. Notwithstanding the above, you agree that we may at any time confirm with you that there are no material changes to the information provided to us for purposes of determining your investment knowledge, experience, objectives and needs.
7.4 We are also required to consider whether you have the relevant educational qualifications, investment experience and work experience in order to trade in both Listed and unlisted Specified Investment Products.
7.5 Where we have determined that you do NOT have the relevant knowledge or experience under the Customer Account Review to trade in Listed Specified Investment Products, we will need to ensure the following requirements are met:
7.5.1 We will inform you of the outcome of the Customer Account Review.
7.5.2 In such case, the Listed Specified Investment Products will not be suitable for you. In such case, Syfe may not accept you as a client.
7.5.3 However, if you wish to trade in Listed Specified Investment Products and wish to proceed in spite of the above, you will need to provide written confirmation that: (i) you understand that you have been assessed as not possessing the knowledge or experience in the Listed Specified Investment Products; and (ii) nonetheless, you still intend to proceed despite such assessment.
7.6 Where we have determined that you do NOT have the relevant knowledge or experience under the Customer Knowledge Assessment to trade in unlisted Specified Investment Products, we will need to ensure the following requirements are met:
7.6.1 We will inform you in writing of the outcome of the Customer Knowledge Assessment.
7.6.2 In such case, the unlisted Specified Investment Products will not be suitable for you. In such case, Syfe may not accept you as a client.
7.6.3 However, if you wish to trade in unlisted Specified Investment Products and wish to proceed in spite of the above, you will need to contact Syfe for further information on the unlisted Specified Investment Products. 8 Trading limits and restrictions.
8.1 Syfe may in its sole and absolute discretion without giving any reason or without notice to you, at any time and from time to time impose, remove or amend any trading or Transaction restrictions or any limits, including position limits, Transaction limits and limits on contractcontract size in respect to any Account upon you. No previous limit or restriction shall set a precedent or bind Syfe. You undertake to comply with and shall not breach or exceed such restrictions and limits as imposed on you by Syfe and any other trading restrictions or positions limits under Applicable Laws, including those imposed by any exchange or market or clearing house. If you exceed any trading restriction or position limit, Syfe is authorised to disclose your identity and your positions, and/or liquidate any of your positions.
Appears in 1 contract
Samples: Client Agreement
