Last Revised Date: 04 January 2019

Notice ​SFA 04-N12 Sale of Investment Products

Sets out requirements to conduct additional customer reviews or assessments for customers investing in specified investment products

This notice applies to:

  • Capital markets services (CMS) licensees.
  • Banks, merchant banks and finance companies conducting regulated activities under the SFA.
  • Representatives of these financial institutions.
  • The corporation or manager for collective investment schemes.

It sets out requirements for:

  • Conducting a Customer Account Review before opening an account for a customer to transact in listed specified investment products.
  • Conducting a Customer Knowledge Assessment before transacting in unlisted specified investment products for a customer.
  • Documentation and record keeping.

Amendment Notes

01 Jan 2012
Notice SFA04 -N12 (Amendment) 2011 takes effect.