Important updates to our Investment Products Terms (“IPT”)

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Important updates to our Investment Products Terms (“IPT”)

We are making changes to the IPT to:

(i) comply with the new MAS Fair Dealing Guidelines, particularly the guidelines relating to the right of review clauses;

(ii) update cross references to our Customer Terms;

(iii) update clause 3.3 of Part E: Safe Custody Services Terms; and

(iv) update clause 21 of Appendix A (Risk Disclosure Statement Relating to Securities)

Clause 3.3 of Part E: Safe Custody Services Terms
“Any distribution of entitlements to any benefits or entitlements arising as a result of any corporate action in relation to any Securities will be allocated pro rata provided that (i) fractions of entitlements that arise as a result of this process will be rounded down to the nearest whole unit or share and (ii) the accumulated amount of any undistributed entitlements arising as a result of this process will be sold and the proceeds allocated on a pro rata basis. You agree to waive all claims and demands (if any) against us in respect of any shortfall in the unit or share that may arise from the rounding down of such unit or share.”

Clause 21 of Appendix A (Risk Disclosure Statement Relations to Securities)
“You should note and accept that our relationship with you in relation to your Securities and Securities-related transactions is purely as broker/dealer or as counterparty to you. In either case, while you are entitled to expect us or our employees or representatives to answer your queries, the obligation in so answering is only to be honest. Such answers should not be assumed to be backed by any prior reasonable due diligence or research or specifically suitable for reliance by you without you first independently confirming that the answer is intended as specific advice to and is suitable for or to your specific financial needs and objectives or you verifying the same with your independent advisers on our specific suitability for your specific financial needs and objectives.”

The revised IPT will be effective from 21 April 2025 and is available here for your reference.

Should you need any clarification, please visit our Standard Chartered Singapore website and click on ‘Contact Us’ at the bottom of the page.

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Important updates to our Investment Products Terms (“IPT”)