Examples of Specified Investment Product in a sentence
Where a client does not provide information on his educational qualifications, investment experience or work experience, the financial adviser shall deem the client not to possess knowledge or experience in the unlisted Specified Investment Product concerned.
Where a financial adviser assesses a client not to possess knowledge or experience in an unlisted Specified Investment Product pursuant to the Customer Knowledge Assessment, it shall inform the client of the outcome of the Customer Knowledge Assessment.
Where the client does not wish to receive advice concerning the unlisted Specified Investment Product from the financial adviser, the financial adviser shall document the decision of the client and highlight to the client in writing that it is the client’s responsibility to ensure the suitability of the unlisted Specified Investment Product selected.
Notwithstanding a positive outcome of the Customer Knowledge Assessment, the financial adviser shall offer to provide advice concerning the unlisted Specified Investment Product to the client.
Where the investment product recommended is a Specified Investment Product, the financial adviser shall also give due consideration to the person’s knowledge or experience in the Specified Investment Product.
Where a client, after being informed of the outcome of the Customer Knowledge Assessment in accordance with paragraph 22, nevertheless intends to proceed to transact in the unlisted Specified Investment Product, the financial adviser shall provide advice to the client, taking into account the client's investment objectives, financial situation and particular needs, as well as the outcome of the Customer Knowledge Assessment.
Where a client is assessed to have the knowledge or experience to transact in an unlisted Specified Investment Product, the financial adviser may allow the client to transact in such unlisted Specified Investment Product for a period of one year from the date of the Customer Knowledge Assessment.
The Fund is a single fund and is classified as a Specified Investment Product.
Pursuant to the Notice on Recommendation on Investment Products (FAA-N16) issued by the Monetary Authority of Singapore pursuant to the Financial Advisers Act, where the underlying investment product is an unlisted Specified Investment Product (“SIP”), a Financial Adviser (i.e. HSBC Insurance (Singapore) Pte.
Where a client is assessed to not possess knowledge or experience in an unlisted Specified Investment Product, but subsequently demonstrates sufficient understanding of the features and risks of that Specified Investment Product through a learning module provided by an independent body as set out in the Practice Note on Recommendations on Investment Products [FAA PN-02], the client may be deemed to possess the knowledge to transact in that unlisted Specified Investment Product.