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Get the free Specified Investment Products Declaration Form - DBS Vickers

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Dear Valued Client, NEW REQUIREMENTS ON SALE OF SPECIFIED INVESTMENT PRODUCTS (Sips) The Monetary Authority of Singapore (MAS) has introduced new requirements effective 1 January 2012 for financial
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How to fill out specified investment products declaration:

01
Gather necessary information: Collect all the required details and documents before starting to fill out the specified investment products declaration. This may include your personal information, investment details, financial statements, and any other relevant information.
02
Understand the form: Take the time to carefully read and understand the specified investment products declaration form. Familiarize yourself with the format, sections, and instructions provided. This will ensure accurate and complete responses.
03
Provide personal information: Start by providing your personal information such as full name, address, contact details, and identification number. Double-check the accuracy of the information to avoid any errors.
04
Declare investment products: Indicate the investment products you hold or have an interest in. This may include stocks, bonds, mutual funds, derivatives, or any other specified investment products that need to be declared as per regulatory requirements.
05
Specify investment details: Provide the necessary information about each investment product, including the name, symbol or code, quantity, purchase price, market value, and any relevant dates. Make sure to accurately report the current value of each investment.
06
Disclose relevant transactions: If you have engaged in any recent transactions related to the specified investment products, disclose the details. This may include purchases, sales, transfers, or any other relevant activity.
07
Understand disclosure requirements: Familiarize yourself with any additional disclosure requirements or questions included in the specified investment products declaration form. Be honest and transparent in your responses.
08
Seek professional assistance if needed: If you are unsure about certain sections or have complex investment portfolios, it is advisable to seek professional assistance from a financial advisor or tax consultant. They can provide guidance and help ensure compliance with regulatory requirements.

Who needs specified investment products declaration?

01
Individuals holding specified investment products: Any individual who holds specified investment products, as defined by the regulations, may need to fill out a specified investment products declaration. This can include retail investors, high net worth individuals, or any other person with investments falling under the regulatory requirements.
02
Financial institutions and intermediaries: Financial institutions such as banks, brokerages, and investment firms, as well as their respective intermediaries, may also need to fill out specified investment products declarations. This is to ensure transparency and compliance with regulatory obligations.
03
Regulatory bodies: Regulatory bodies overseeing financial markets and investment activities often require specified investment products declarations to monitor and regulate the investment landscape. These declarations help them assess market risks, investor profiles, and overall compliance with regulatory frameworks.
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Specified investment products declaration is a form that individuals must submit to declare their holdings of certain investment products.
Individuals who hold specified investment products are required to file the declaration.
The declaration can usually be filled out online or submitted in paper form with information about the individual's investment holdings.
The purpose of the declaration is to provide transparency about an individual's investment holdings and to ensure compliance with regulations.
Individuals must report details of their holdings of specified investment products, including the type of product and its value.
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