RHB Securities Singapore Pte. Ltd. Individual Trading Account Application Form

Transcription

1 RHB Securities Singapore Pte. Ltd. Individual Trading Account Application Form

2 Account Application Checklist Thank you for choosing RHB Securities Singapore Pte Ltd ( RHB Sec ) for your trading needs. As a first step to serving you, please complete the necessary forms and furnish the supporting document(s) mentioned below. If you require assistance, please visit us or contact your Trading Representative (TR). Important Information To start trading with us, you need to have a trading account and a CDP Securities account with The Central Depository (Pte) Limited (CDP). CDP acts as the custodian for the shares you bought on Singapore Exchange (SGX). Linkage between your Cash Trading Account maintained with RHB Sec and the CDP Account is necessary for the settlement of trades. Forms & Supporting Document(s) Required Types of Form Mandatory Optional RHB Sec Individual Trading Account Application Form 3 CDP Apply for Individual Securities Account (Only applicable for clients without CDP account) CDP Apply for Linkage/Revocation Form Please visit RHB Sec or CDP to open a CDP account if you do not have one. Risk Warning Statement (RWS) For Trading in Overseas-Listed Investment Products W8-Ben For Trading in U.S. Markets GIRO Application (DBS/POSB/UOB/OCBC) Customer Account Review (CAR) For Trading in Listed Specified Investment Products Supporting Document(s) NRIC / 11B For Singaporeans/Singapore PRs Malaysia IC For Malaysians/Singapore PRs Passport (At least 6 months validity) For Foreigners Supporting Document* If your Identification Document (ID) does not reflect your mailing/residential address *Note: Supporting document can be an original or electronic statement (E.g. Telco bill, utility bill or bank statement). The document should reflect your name and residential address and it should be dated within 3 months from the date of application. If your mailing address is different from your residential address, please provide us with another supporting document reflecting your name and mailing address. On the supporting document provided, indicate the reason for maintaining different addresses. If you are applying from overseas, please arrange to have your ID and application forms certified by any one of these officers: Notary Public Advocates and Solicitors Singapore Embassy Justice of Peace Commissioner of Oath Please provide the name, contact number and company website of the certifying officer. We will notify you by post once your application is approved. RHB Securities Singapore Pte Ltd 10 Collyer Quay #09-08 Ocean Financial Centre Singapore sg.clientservices.backroom@rhbgroup.com

3 FOR OFFICIAL USE ONLY TR NAME / CODE CLIENT CODE(S) Cash: Margin: RHB Securities Singapore Pte. Ltd. Reg. No E (Member of Singapore Exchange Securities Trading Limited) 10 Collyer Quay #09-08 Ocean Financial Centre Singapore Tel: Fax: INDIVIDUAL TRADING ACCOUNT APPLICATION FORM All fields are mandatory unless stated otherwise. Tick where applicable * Delete where not applicable 1. TYPES OF ACCOUNT(S) Cash Trading Account Margin Financing Account Online trading access will be available for all selected types of trading accounts. (Risk Warning Statement required for trading in overseas-listed investment products and form W-8Ben required for trading in the U.S. markets) 2. PARTICULARS Mr Mdm Ms Dr Name (as in NRIC / Passport) NRIC / Malaysia IC / Passport No. Nationality Singapore PR (for foreigner) Yes Date of Birth (mm/dd/yyyy) Place of Birth Gender No Mailing Address Singapore Others Male Female Country Postal Code Residential Address (if different from mailing address) Country Postal Code Residential Status Marital Status Own/Joint Rented Parent Mortgaged Others Single Married Others Home No. Mobile No. Office No. (+ ) (+ ) (+ ) Address 3. EMPLOYMENT DETAILS Employment Status Employed Self-Employed Unemployed a. For Employed / Self-Employed Name of Company / Employer Occupation Address of Company / Employer Country Postal Code Nature of Business Length of Service b. For Unemployed Retiree Housewife Student, name of school Others Page 1 of 6

4 INDIVIDUAL TRADING ACCOUNT APPLICATION FORM 4. FINANCIAL INFORMATION Net Worth (S$) Annual Income (we may require you to submit your latest IR8A form) Less than S$50,000 S$50,000-S$100,000 S$100,001-S$150,000 S$150,001-S$200,000 Above S$200,000 Source of Funds (may tick more than 1) Salary Business Income Rental Income Director Fee(s) Savings Others Source of Wealth (may tick more than 1) Salary Business Income Rental Income Director Fee(s) Savings Inheritance Others 5. ACCOUNT RELATIONSHIP DETAILS a. Do you have an existing trading account with us? Yes No If yes, please provide account no. b. Does any of the company you own 20% or more have an account with us?(see below for definition of related accounts) Yes No If yes, please provide account no. c. Are you related to any of our employees (including Director), dealer or remisier?(see below for definition of related accounts) Yes No If yes, please provide name of Related Person Relationship d. Have you been circularised as a delinquent client before? Yes No If yes, please provide name of member company that put you on circulation Date Reported by e. Are you an undischarged bankrupt? Yes No If yes, please provide details Definition of Related Accounts Related accounts will be interpreted as connected persons accounts and has the same meaning ascribed to it in Section 2(1) of the Securities and Futures Act. A connected person, in relation to: (a) An individual, means (i) the individual s spouse, son, adopted son, step-son, daughter, adopted daughter, step-daughter, father, step-father, mother, step-mother, brother, step-brother, sister or step-sister; and (ii) a firm, a limited liability partnership or a corporation in which the individual or any of the persons mentioned in sub-paragraph (i) has control of not less than 20% of the voting power in the firm, limited liability partnership or corporation, whether such control is exercised individually or jointly; or (b) A firm, a limited liability partnership or a corporation, means another firm, limited liability partnership or corporation in which the first-mentioned firm, limited partnership or corporation has control of not less than 20% of the voting power in that other firm, limited liability partnership or corporation. 6. POLITICALLY EXPOSED PERSON ( PEP ) STATUS a. Do you hold, or currently seeking a position or are being considered for a prominent public position? Yes No If yes, please provide details of the position (title, department, country) b. Does any of your immediate family members hold, or currently seeking a position or are being considered for a prominent public position? Yes No If yes, please provide details of the position (title, department, country) Definition of PEP PEP means (a) a natural person who is or has been entrusted with prominent public functions whether in Singapore or a foreign country; (b) immediate family members of such a person; or (c) close associates of such a person. prominent public functions includes the roles held by a head of state, a head of government, government ministers, senior civil servants, senior judicial or military officials, senior executives of state-owned corporations, and senior political party officials. 7. TAX RESIDENCY DECLARATION / SELF-CERTIFICATION a. Foreign Account Tax Compliance Act (FATCA) - Indicia Questionnaire and Declaration Do you possess any of the following U.S. indicia? Please select accordingly: (i) U.S. citizen / resident? (U.S. passport / green card holder, U.S. taxpayer, etc.) Yes No (ii) U.S. place of birth? Yes No (iii) U.S. address (residence / mailing / P.O. Box)? Yes No (iv) U.S. telephone number? Yes No (v) Standing Instructions to pay amounts from this account to an account maintained in the U.S.? Yes No Page 2 of 6

5 Declaration I hereby confirm that I understand the FATCA requirements. I declare that I am (please tick one) Non-U.S. Individual with no U.S. indicia Non-U.S. Individual with U.S. Indicia (provide Form W-8Ben) U.S. Individual (provide Form W-9) Note: If you were born in the U.S. but are no longer a U.S. Tax Resident, please provide supporting document(s), e.g. Certificate of loss of nationality of the U.S., Form I-407-Record of Abandonment of Lawful Permanent Resident Status. b. Please indicate the country / list of countries in which you are a tax resident and state your Tax Identification Number(s) (TIN). Singapore, please specify your Singapore TIN Other Countries, please provide the tax residency information in below table: INDIVIDUAL TRADING ACCOUNT APPLICATION FORM (For e.g. NRIC/FIN) Country of Tax Residence TIN Please indicate the Reason if no TIN is available A. The jurisdiction where I am a resident does not issue TINs B. I am unable to obtain a TIN, please specify the reason C. No TIN is required (Authorities of the jurisdiction of residence do not require a TIN to be disclosed) A. The jurisdiction where I am a resident does not issue TINs B. I am unable to obtain a TIN, please specify the reason C. No TIN is required (Authorities of the jurisdiction of residence do not require a TIN to be disclosed) A. The jurisdiction where I am a resident does not issue TINs B. I am unable to obtain a TIN, please specify the reason C. No TIN is required (Authorities of the jurisdiction of residence do not require a TIN to be disclosed) Complete additional declaration form if you are a tax resident of more than 3 foreign countries/jurisdictions. Note: Please provide tax supporting document(s) to support all countries of tax residence declared. E.g. Passport, national ID card, employment pass, driving license, tax return. Please specify the reason(s) in below table if your country of mailing / residential address and/or contact number is/are different from the country(ies) of tax residence that you have declared above: (complete where applicable) Mailing / Residential Address This is one of my many addresses. This is an address of a trusted acquaintance (e.g. family member/ relative/ friend/ professional advisor/ personal assistant). This is a temporary address (e.g. due to work, studies, relocating). I am a foreign worker and this is my permanent home address. Others, please specify Contact Number (Without Singapore Contact Number) I am on assignment / studying overseas. This is my relative s or friend s telephone number. I am relocating and I do not have a Singapore number yet. Others, please specify Warning note on offences for non-compliance It is an offence under section 105M of the Singapore Income Tax Act if any person, in making a self-certification, makes a statement that is false or misleading in a material particular, if that person knows or have reason to believe that such information is false or misleading. Such offence is punishable with a fine not exceeding of S$10,000 or imprisonment for a term not exceeding 2 years or to both. Page 3 of 6

6 INDIVIDUAL TRADING ACCOUNT APPLICATION FORM 8. CUSTODIAN DETAILS CDP Securities Account No. CPF Investment Account No. SRS Investment Account No. 9. PAYMENT FACILITY(available for cash trading account) (please tick one option only ) By Electronic Payment for Shares (EPS) Automatically credit funds to my bank account. Make payments using ATMs, internet banking and cheques. Bank account number DBS / POSB OCBC UOB DBS / POSB OCBC UOB Participating banks DBS / POSB OCBC UOB Citibank We hereby request and authorise you (i) from time to time pay all sales proceeds due to us arising from the transactions effected through the trading account to the bank account above and; (ii) to link the Bank Account above in order for me to make payment from time to time for purchase or contra losses due to you arising from transactions effected through the trading account from the bank account above. By Interbank GIRO (Please obtain a copy of the Interbank GIRO form from us or your TR) 10. TRUST ACCOUNT STANDING INSTRUCTION (available for cash trading account) Would you like us to a. credit the sales proceeds of shares, contra profits, dividends and any payments of your account into your trust account, and b. make payments out of your trust account for purchases of new investments, contra losses, custody, registration, bank and all necessary charges. The above standing instruction shall remain in force unless otherwise instructed by you. Yes No This instruction is applicable to: all settlement currencies 1 Others 11. CONSENT TO MARKETING COMMUNICATIONS Would you like us to contact you by the following modes of communication about our marketing activities, advertising, promotions, services and investment events, which may be of interest to you? Mode Voice Calls Yes No SMS/MMS/VOIP/Instant messaging (e.g. Viber, Whatsapp, Line etc.) Yes No Fax Yes No 12. DIRECTORSHIP DECLARATION Are you a director 2 of any company? Yes No (If yes, please provide the full name of the company(ies) below) List of Company(ies) (Please provide another sheet if the above is not sufficient) 1. Trust account currencies include SGD, MYR, USD, HKD & AUD. Standing instruction for SGD is not available for account with GIRO facility. 2. director refers to registered Board of Directors. Page 4 of 6

7 INDIVIDUAL TRADING ACCOUNT APPLICATION FORM 13. DECLARATION 1. I declare that I: (i) am at least 21 years old and of sound mind; (ii) confirm that the information given in this application is true and correct; (iii) have not wilfully withheld any material fact(s); (iv) will inform RHB Securities Singapore Pte. Ltd. ( RHB Sec ) whenever there is a change in any of my particulars given in this application; and (v) 2. I hereby: (i) hereby authorised RHB Sec to verify any information provided by me from any sources that RHB Sec may in its sole discretion deem appropriate. request RHB Sec to open and maintain Securities Trading Account(s) ( Account(s) ) in my name; and (ii) accept that RHB Sec reserves the right to reject my application without providing any reasons whatsoever. 3. I confirm that I have received, read, understood and agree to abide by the RHB Sec Terms and Conditions governing this/these Account(s) and the Guide and Cautionary Notes (as such terms and conditions may be amended from time to time). (A copy of the latest RHB Sec Terms and Conditions is available at or upon request). 4. I hereby confirm that I have read the Risk Disclosure Statement found on page 34 to 40 of the RHB Sec Terms and Conditions and fully understand and accept its terms. I accept the risks so notified and/or implied, and understand the need to take independent advice. I agree that the Risk Disclosure Statement is not intended as a substitute for my actually becoming reliably and adequately informed as regards any specific transaction comtemplated, and that I shall accordingly be solely responsible for any transaction which I ultimately choose to enter into. 5. I hereby: (i) understand and agree that for application of margin financing account, a Depository Agent Securities Sub-Account will be opened in my name and linked to margin financing account that I applied in order to facilitate the settlement of securities trading done or transfer effected through the margin financing account; (ii) understand that your company reserve the right at your absolute discretion to determine the Margin Financing Limit and the collaterals required if this application for margin financing account is approved. 6. I agree to abide by the rules and regulations of the Singapore Exchange Securities Trading Limited ( SGX-ST ) or any regulatory body or such other terms which may be amended from time to time governing the transaction(s) of the security(ies) on the SGX-ST or other exchanges. 7. If there is any update to the account information/fatca status/tax residency status, I hereby agree to notify RHB Sec within 30 days of such change and furnish RHB Sec with the relevant documentary evidence, suitably updated self-certification and declaration within 30 days (for FATCA status) or 90 days (for CRS tax residency status) of such change and also undertake to provide any other additional information as may be required by RHB Sec and/or applicable law. I consent to and authorize RHB Sec to perform any of the following, if applicable: (i) Withhold any applicable payments in the account; (ii) Report or disclose all relevant information relating to or arising from the account; and (iii) Terminate (with prior notice) my contractual relationship(s) with you. 8. I agree to the collection, use and disclosure of the information provided herein and any other information provided to or obtained by RHB Sec from time to time for the purposes set out in the RHB Sec Terms and Conditions governing the Account(s). 9. I confirm that I am the sole beneficial owner of this/these Account(s) and will not be acting as agent for any other person or entity. I confirm that all monies which will be paid to RHB Sec is from legitimate source(s). 10. Anti-Money Laundering (Declaration Relating to Tax and Other Serious Offences): (i) I remain fully responsible for my own tax affairs and ensure that both I and my account(s) maintained with RHB Sec are in compliance with the tax laws of the relevant jurisdiction within which I reside, domicile in or tax residents of; (ii) To the best of my knowledge, information and belief, I have neither wilfully committed nor been convicted of any serious tax crimes; (iii) I acknowledge and agree that I remain fully responsible for taking advice from a tax expert in the jurisdiction of my tax residence or any other similarly qualified adviser or person, and acknowledge that RHB Sec shall neither be responsible for nor provide any tax advice to me; and (iv) I agree to provide copies of the relevant documents where necessary to RHB Sec of any change in my personal information or circumstances including, without limitation, any material adverse change in my financial condition or any change in the ultimate beneficial ownership of my account(s), citizenship(s), residence, address of record and any additional information which affects my tax position(s). Page 5 of 6

8 INDIVIDUAL TRADING ACCOUNT APPLICATION FORM (v) I agree to hold harmless, release and indemnify RHB Sec and its related companies or affiliates, shareholders, officers, owners, directors, employees, successors, heirs and assignees from any and all liability arising from RHB Sec s reliance on this declaration made by me. Signature of Applicant Date / / DD MM YY For Official Use A. Trading Representative (TR) Acknowledgement I hereby agree to have this/these account(s) opened under my code. I have verified that the information given are correct and shall be responsible for proper conduct of this/these account(s) and shall ensure its full compliance with the terms stated. Signature of TR Date: Name: (TR Code: ) Cash Trading Account - Recommended Limit by TR (S$) GL Limit E-Trading Limit Buy Limit: Buy Limit: Sell Limit: Sell Limit: Margin Financing Account - Recommended Limit by TR (S$) GL Limit E-Trading Limit Buy Limit: Buy Limit: Sell Limit: Sell Limit: B. Approval (signature, name and date are required) B1. Client Services Verified By: * Face to Face / SV / PV Approved By: B2. Credit Cash Trading Account - Approved Limit (S$) GL Limit E-Trading Limit Buy Limit: Buy Limit: Sell Limit: Sell Limit: Account Created By: Intranet & E-Trading Updated By: Data Entry Checked By: Intranet & E-Trading Checked By: Margin Financing Account - Approved Limit (S$) GL Limit E-Trading Limit Buy Limit: Buy Limit: Sell Limit: Sell Limit: Approved By: E-Trading Limit Updated By: E-Trading Limit Checked By: GL & E-Trading Limit Updated by: User ID Sent Remarks Pin Sent GL & E-Trading Limit Checked By: Remarks: Page 6 of 6

9 Customer Copy GUIDE AND CAUTIONARY NOTES Many thanks for your interest in opening or maintaining an account with RHB Securities Singapore Pte. Ltd. ( RHB Sec ). RHB Sec provides this Guide and Cautionary Notes in the interest of transparency and fair dealing with you. It is designed to assist you in: (i) understanding the types of services RHB Sec offer; and their respective limits; and (ii) with that understanding, deciding on whether to use, and if so, which of RHB Sec s service or services to use. While there are common terms governing all of RHB Sec s services as you will note from a study of RHB Sec s general terms and conditions for conduct of RHB Sec s businesses- the terms specific to each service will vary. Who is RHB Sec And What Services Can RHB Sec Provide? RHB Sec is a Singapore established company and the holder of a capital markets services license ( CMS license ) under the Securities and Futures Act of Singapore ( SFA ). Because of RHB Sec s CMS license, RHB Sec is also entitled to be, and are, registered as an exempt financial adviser ( EFA ) under the Financial Advisers Act of Singapore ( FAA ) for the carrying out of financial advisory services as defined under the FAA or its regulations. What Services Are Available To You From RHB Sec? RHB Sec provides basically three levels of service (i) execution only; (ii) dealing with execution-related advice ( ERA ); and (iii) dealing with advice under a formal advisory agreement ( Paid Advice ). ERA is specifically defined by RHB Sec s regulators as advice or recommendation that RHB Sec provides no additional payment apart from any fee that RHB Sec may earn from your actually dealing (i.e. buying/selling) in investment products with or through RHB Sec. RHB Sec refers to such advice or recommendation as free advice or recommendation. EXCLUDED INVESTMENT PRODUCTS Type of Services For dealings in what are called Excluded Investment Products ( EIP ) the only levels of service available from RHB Sec are (i) execution only; and (ii) dealing with Paid Advice. Neither RHB Sec nor any of RHB Sec s representatives will or will be providing dealing with ERA. Except if you are receiving advice which you are paying for under the terms of an express advisory agreement with RHB Sec i.e. Paid Advice, RHB Sec is not willing and will not provide you with anything in relation to EIPs that you may regard or rely on as being advice or recommendation intended for you to rely or act on. RHB Sec or RHB Sec s representatives may still from time to time comment or give opinions and suggestions or otherwise make statements in relation to EIPs. HOWEVER, as you will also note from a study of RHB Sec s disclaimers in relation to EIPs, you MUST assume and accept ALL such statements as being no more than RHB Sec s respective expressions of opinions honestly held; or statements of fact honestly believed not to be inaccurate or misleading. This is particularly so for responses off the cuff to any questions you may ask orally or via electronic communications to RHB Sec or RHB Sec s representatives. No reliance on such supposed statements, even if given in language indicating them to be recommendations or advice, should or can be made by you to make any trading or investment decision without you first independently satisfying yourself of the correctness and suitability of such supposed statements, recommendations or advice. What are EIPs? EIPs are limited to securities (and options on such securities) that are listed for trading on an approved securities exchange in Singapore and not specifically specified by such securities exchange to be a Specified Investment Product ( SIP ). EIPs are less complex products which are already established in the market and are generally well understood by retail investors. As such RHB Sec will provide you RHB Sec s services on a purely execution only dealing services in relation to EIPs. For RHB Sec s services in relation to EIPs, except for Paid Advice, RHB Sec therefore assumes and materially relies on you being agreeable and willing to generally accept sole responsibility for determining the merits or suitability of any and all transactions that you may enter into with respect to any and all EIPs. If you are not agreeable and willing, you should and must not apply for an account for dealing in EIPs with RHB Sec. If you have such an account you must take steps to close that account. The only exception to RHB Sec s execution only services for EIP is dealing with Paid Advice. For this you must have entered into a formal agreement with RHB Sec defining both the circumstances when RHB Sec will provide or be deemed to be providing you advice or recommendations in relation to EIPs; and RHB Sec s charges for the giving of such advice or recommendation(s). SPECIFIED INVESTMENT PRODUCTS Level of Service For dealings in what are called SIPs, all three levels of services are (depending on your circumstances and the circumstances of your particular transacting in SIPs) available options but only if you are not any of the following: (i) An accredited or expert or corporate investor as defined below; (ii) Resident outside of Singapore and not a Singapore citizen or a permanent resident of Singapore; or wholly or partly dependent on a Singapore citizen or a permanent resident of Singapore. If you fall within (i) and/or (ii), then RHB Sec s services are (as with EIPs generally) limited to execution only services, and/or dealing with Paid Advice only. If you do not fall within either (i) or (ii) and you are a natural person, then you will be regarded as a Retail Singapore Investor. Please see below under the heading of Retail Singapore Investor for the services that RHB Sec will offer you. Page 1 of 3

10 To elaborate: What are SIPs? Customer Copy GUIDE AND CAUTIONARY NOTES SIPs are (for the purposes of RHB Sec dealing services available to you as a CMS license holder) capital markets products that are not EIPs. SIPs are then further divided into three general types (i) those listed solely on a securities or futures exchange outside of Singapore; (ii) those listed on a securities or futures exchange in Singapore; and (iii) those that are not listed on any securities or futures exchange. A general guide on SIPs is available through the following link: ACCREDITED AND EXPERT INVESTOR AND NON-RESIDENT EXEMPTION NOTICE Please be reminded as noted above that RHB Sec is expressly exempted from assuming and will not assume (short of an express and formal agreement otherwise) any suitability obligation under the FAA or any obligation to provide product information under the FAA to any person who is either an accredited investor or an expert investor for the purposes of the FAA or who is not a Singapore Citizen or Singapore Permanent Resident, and not wholly or partly dependent upon a Singapore Citizen or Singapore Permanent Resident. For convenience of reference, RHB Sec sets out below the relevant definition of accredited investor and expert investor respectively: (a) accredited investor means (i) an individual (A) whose net personal assets exceed in value $2 million (or its equivalent in a foreign currency) or such other amount as the Monetary Authority of Singapore ( MAS ) may prescribe in place of the first amount; or (B) whose income in the preceding 12 months is not less than $300,000 (or its equivalent in a foreign currency) or such other amount as the MAS may prescribe in place of the first amount; (ii) a corporation with net assets exceeding $10 million in value (or its equivalent in a foreign currency) or such other amount as the MAS may prescribe, in place of the first amount, as determined by (A) the most recent audited balance-sheet of the corporation; or (B) where the corporation is not required to prepare audited accounts regularly, a balance-sheet of the corporation certified by the corporation as giving a true and fair view of the state of affairs of the corporation as of the date of the balance-sheet, which date shall be within the preceding 12 months; (iii) the trustee of such trust as the MAS may prescribe, when acting in that capacity; or (iv) such other person as the MAS may prescribe, who are at present (by virtue of the Securities And Futures (Prescribed Specific Classes of Investors) Regulations 2005): (A) the trustee of a trust of which all property and rights of any kind whatsoever held on trust for the beneficiaries of the trust exceed $10 million in value (or its equivalent in a foreign currency); (B) an entity (other than a corporation) with net assets exceeding $10 million in value (or its equivalent in a foreign currency); (C) a partnership (other than a limited liability partnership within the meaning of the Limited Liability Partnerships Act 2005 (Act 5 of 2005)) in which each partner is an accredited investor; (D) a corporation, the sole business of which is to hold investments and the entire share capital of which is owned by one or more persons, each of whom is an accredited investor. (b) expert investor means (i) a person whose business involves the acquisition and disposal, or the holding, of capital markets products, whether as principal or agent; (ii) the trustee of such trust as the Authority may prescribe, when acting in that capacity; or (iii) such other person as the Authority may prescribe. RETAIL SINGAPORE INVESTORS Depending on whether a Retail Singapore Investor wishes to deal in listed or unlisted SIPs, he will first need to pass respectively a Customer Account Review ( CAR ) and/or a Customer Knowledge Assessment ( CKA ) before he may be permitted to begin or continue trading in the relevant SIP. Therefore, unless RHB Sec has expressly agreed otherwise in your case, you must have passed either the CAR and/or CKA with RHB Sec before you can begin or continue trading in the relevant SIP. In such a case you would also have been provided with a Client Investment Profile questionnaire ( CIP ) together with RHB Sec s request that you properly complete that CIP and return the properly completed CIP to RHB Sec. CIP RESPONSE Once you have passed the CAR and/or CKA as applicable, you are actually regarded as competent to understand the nature and risks of the SIP products you will be dealing or continue to deal in. As such, you are also assumed by RHB Sec to be able to make your own decisions and judgements as to the merits or suitability for you to do any trade or investment in such SIP products. You may wish to complete and return the CIP to RHB Sec. Where you do not complete and/or return the CIP to RHB Sec, as notified in the CIP provided to you, you must note, agree and accept as conditions to you being allowed to trade or continue to trade in the relevant SIPs that: A. RHB Sec is in no position to ensure that any free advice or recommendation that may be provided to you by RHB Sec is specifically suitable for you bearing in mind your specific financial position, attitude and capacity to take financial risks and financial objective trading in the SIPs that you will be trading in; and B. Any and all free advice or recommendation you receive from RHB Sec will not be based on, or take into consideration, your specific investment objectives, financial situation or needs; and C. You must assess for yourself whether any of RHB Sec s free advice or recommendation as may be provided to you is specifically of merit and appropriate or suitable to your individual investment objectives, financial situation or particular needs. In particular, the mere fact that RHB Sec s advice or recommendation is to buy or sell or hold any SIP does not necessarily mean, and must not be taken to mean, that the recommendation is suitable for you and you should therefore either make your own assessment (if you are able) or (if you cannot properly or reasonably make your own assessment) consult with your own financial adviser before acting on any such free advice or recommendation. You should do this before you make any decision on the basis of any free advice or recommendation RHB Sec may provide to you. Page 2 of 3

11 Customer Copy GUIDE AND CAUTIONARY NOTES Where you complete and return the CIP to RHB Sec, then: 1. RHB Sec will ensure that such free advice or recommendation that may be provided to you by RHB Sec from time to time will be reasonably consistent with the information you provide in the CIP with regards to your suitability; but it remains your choice to choose whether you wish to follow or not. Where you choose not to follow the advice or recommendation RHB Sec will assume that you have made your own informed determination not to follow the advice or recommendation and instead are accepting sole responsibility for determining the merits or suitability of any and all transactions that you may enter into contrary to the advice or recommendation given to you; and 2. As noted in the CIP questionnaire, the answers provided will also be the basis upon which any Paid Advice you may have engaged RHB Sec to provide will proceed if such Paid Advice is required urgently. If Paid Advice is not urgently required, RHB Sec will first confirm the continued validity of the answers provided before giving Paid Advice. Paid Advice will however be given only if you actually enter into and it will be subject to the terms of the advisory services agreement you formally conclude with RHB Sec. GENERALLY CIRCULATING MATERIALS AND RESOURCES WARNING Please also note that regardless of whether you properly complete and return the CIP to RHB Sec, you may be provided or given access to resources or materials that are intended to be for general circulation. The materials intended for general circulation will have an express notice accompanying the materials to that effect. Such resources and materials are provided with the sole aim of enabling you to manage and control your own investments and this also means that you need to be able and willing to accept sole responsibility for ensuring the merits and suitability of any and all investments that you may make with or through RHB Sec before making any investment or effecting any transaction with or through RHB Sec. None of the advice or recommendation appearing in such generally-circulated materials and resources should be taken by you as intended for you to rely on specifically. They are provided expressly subject to the exemption notice and disclaimer against such effect accompanying the materials. Page 3 of 3

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13 RISK WARNING STATEMENT FOR OVERSEAS-LISTED INVESTMENT PRODUCTS OVERSEAS-LISTED INVESTMENT PRODUCTS RISK WARNING An Overseas-Listed Investment Product* is subject to the laws and regulations of the jurisdiction it is listed in. Before you trade in an Overseas- Listed Investment Product or authorise someone else to trade for you, you should be aware of: The level of investor protection and safeguards that you are afforded in the relevant foreign jurisdiction as the Overseas-Listed Investment Products would operate under a different regulatory regime. The differences between the legal systems in the foreign jurisdiction and Singapore that may affect your ability to recover your funds. The tax implications, currency risks, and additional transaction costs that you may have to incur. The counterparty and correspondent broker risks that you are exposed to. The political, economic and social developments that influence the overseas markets you are investing in. These and other risks may affect the value of your investment. You should not invest in the product if you do not understand or are not comfortable with such risks. *An Overseas-Listed Investment Product in this statement refers to a capital markets product that is listed for quotation or quoted only on overseas securities exchange(s) or overseas futures exchange(s) (collectively referred to as overseas exchanges ). 1. This statement is provided to you in accordance with paragraph 29D of the Notice on the Sale of Investment Products [SFA04-N12]. 2. This statement does not disclose all the risks and other significant aspects of trading in an Overseas-Listed Investment Product. You should undertake such transactions only if you understand and are comfortable with the extent of your exposure to the risks. 3. You should carefully consider whether such trading is suitable for you in light of your experience, objectives, risk appetite, financial resources and other relevant circumstances. In considering whether to trade or to authorise someone else to trade for you, you should be aware of the following: DIFFERENCES IN REGULATORY REGIMES (a) Overseas markets may be subject to different regulations, and may operate differently from approved exchanges in Singapore. For example, there may be different rules providing for the safekeeping of securities and monies held by custodian banks or depositories. This may affect the level of safeguards in place to ensure proper segregation and safekeeping of your investment products or monies held overseas. There is also the risk of your investment products or monies not being protected if the custodian has credit problems or fails. Overseas markets may also have different periods for clearing and settling transactions. These may affect the information available to you regarding transaction prices and the time you have to settle your trade on such overseas markets. (b) Overseas markets may be subject to rules which may offer different investor protection as compared to Singapore. Before you start to trade, you should be fully aware of the types of redress available to you in Singapore and other relevant jurisdictions, if any. (c) Overseas-Listed Investment Products may not be subject to the same disclosure standards that apply to investment products listed for quotation or quoted on an approved exchange in Singapore. Where disclosure is made, differences in accounting, auditing and financial reporting standards may also affect the quality and comparability of information provided. It may also be more difficult to locate up-to-date information, and the information published may only be available in a foreign language. DIFFERENCES IN LEGAL SYSTEMS (d) In some countries, legal concepts which are practiced in mature legal systems may not be in place or may have yet to be tested in courts. This would make it more difficult to predict with a degree of certainty the outcome of judicial proceedings or even the quantum of damages which may be awarded following a successful claim. (e) The Monetary Authority of Singapore will be unable to compel the enforcement of the rules of the regulatory authorities or markets in other jurisdictions where your transactions will be effected. (f) The laws of some jurisdictions may prohibit or restrict the repatriation of funds from such jurisdictions including capital, divestment proceeds, profits, dividends and interest arising from investment in such countries. Therefore, there is no guarantee that the funds you have invested and the funds arising from your investment will be capable of being remitted. (g) Some jurisdictions may also restrict the amount or type of investment products that foreign investors may trade. This can affect the liquidity and prices of the overseas-listed investment products that you invest in. DIFFERENT COSTS INVOLVED (h) There may be tax implications of investing in an overseas-listed investment product. For example, sale proceeds or the receipt of any dividends and other income may be subject to tax levies, duties or charges in the foreign country, in Singapore, or in both countries. (i) (j) Your investment return on foreign currency-denominated investment products will be affected by exchange rate fluctuations where there is a need to convert from the currency of denomination of the investment products to another currency, or may be affected by exchange controls. You may have to pay additional costs such as fees and broker s commissions for transactions in overseas exchanges. In some jurisdictions, you may also have to pay a premium to trade certain listed investment products. Therefore, before you begin to trade, you should obtain a clear explanation of all commissions, fees and other charges for which you will be liable. These charges will affect your net profit (if any) or increase your loss. Page 1 of 2

14 RISK WARNING STATEMENT FOR OVERSEAS-LISTED INVESTMENT PRODUCTS Counterparty and correspondent broker risks (k) Transactions on overseas markets are generally effected by your Singapore broker through the use of foreign brokers who have trading and/or clearing rights on those markets. All transactions that are executed upon your instructions with such counterparties and correspondent brokers are dependent on their respective due performance of their obligations. The insolvency or default of such counterparties and correspondent brokers may lead to positions being liquidated or closed out without your consent and/or may result in difficulties in recovering your monies and assets held overseas. Political, Economic and Social Developments (l) Overseas markets are influenced by the political, economic and social developments in the foreign jurisdiction, which may be uncertain and may increase the risk of investing in Overseas-Listed Investment Products. ACKNOWLEDGEMENT OF RECEIPT OF THIS RISK WARNING STATEMENT I acknowledge that I have received a copy of the Risk Warning Statement and understand its contents. Signature of Applicant [SFA04-N12 (Amendment) 2012] Page 2 of 2

15 Form W-8BEN (Rev. July 2017) Department of the Treasury Internal Revenue Service Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals) For use by individuals. Entities must use Form W-8BEN-E. Go to for instructions and the latest information. Give this form to the withholding agent or payer. Do not send to the IRS. OMB No Do NOT use this form if: Instead, use Form: You are NOT an individual W-8BEN-E You are a U.S. citizen or other U.S. person, including a resident alien individual W-9 You are a beneficial owner claiming that income is effectively connected with the conduct of trade or business within the U.S. (other than personal services) W-8ECI You are a beneficial owner who is receiving compensation for personal services performed in the United States or W-4 You are a person acting as an intermediary W-8IMY Note: If you are resident in a FATCA partner jurisdiction (i.e., a Model 1 IGA jurisdiction with reciprocity), certain tax account information may be provided to your jurisdiction of residence. Part I Identification of Beneficial Owner (see instructions) 1 Name of individual who is the beneficial owner 2 Country of citizenship For Individual / Main Applicant 3 Permanent residence address (street, apt. or suite no., or rural route). Do not use a P.O. box or in-care-of address. City or town, state or province. Include postal code where appropriate. Country 4 Mailing address (if different from above) City or town, state or province. Include postal code where appropriate. Country 5 U.S. taxpayer identification number (SSN or ITIN), if required (see instructions) 6 Foreign tax identifying number (see instructions) 7 Reference number(s) (see instructions) 8 Date of birth (MM-DD-YYYY) (see instructions) Part II Claim of Tax Treaty Benefits (for chapter 3 purposes only) (see instructions) 9 I certify that the beneficial owner is a resident of within the meaning of the income tax treaty between the United States and that country. 10 Special rates and conditions (if applicable see instructions): The beneficial owner is claiming the provisions of Article and paragraph of the treaty identified on line 9 above to claim a % rate of withholding on (specify type of income):. Explain the additional conditions in the Article and paragraph the beneficial owner meets to be eligible for the rate of withholding: Part III Certification Under penalties of perjury, I declare that I have examined the information on this form and to the best of my knowledge and belief it is true, correct, and complete. I further certify under penalties of perjury that: I am the individual that is the beneficial owner (or am authorized to sign for the individual that is the beneficial owner) of all the income to which this form relates or am using this form to document myself for chapter 4 purposes, The person named on line 1 of this form is not a U.S. person, The income to which this form relates is: (a) not effectively connected with the conduct of a trade or business in the United States, (b) effectively connected but is not subject to tax under an applicable income tax treaty, or (c) the partner s share of a partnership's effectively connected income, The person named on line 1 of this form is a resident of the treaty country listed on line 9 of the form (if any) within the meaning of the income tax treaty between the United States and that country, and For broker transactions or barter exchanges, the beneficial owner is an exempt foreign person as defined in the instructions. Furthermore, I authorize this form to be provided to any withholding agent that has control, receipt, or custody of the income of which I am the beneficial owner or any withholding agent that can disburse or make payments of the income of which I am the beneficial owner. I agree that I will submit a new form within 30 days if any certification made on this form becomes incorrect. Sign Here Signature of beneficial owner (or individual authorized to sign for beneficial owner) Date (MM-DD-YYYY) Print name of signer Capacity in which acting (if form is not signed by beneficial owner) For Paperwork Reduction Act Notice, see separate instructions. Cat. No Z Form W-8BEN (Rev )

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20 RHB SECURITIES SINGAPORE PTE. LTD. Reg. No E (Member of Singapore Exchange Securities Trading Limited) 10 Collyer Quay #09-08 Ocean Financial Centre Singapore Tel: Fax: