List of "Professional Investors"

“Professional Investor” means:
(a) a bank that is licensed under the Banking Act (Cap. 19);

(b) a merchant bank that is approved as a financial institution under section 28 of the Monetary Authority of Singapore Act (Cap. 186);

(c) a finance company that is licensed under the Finance Companies Act (Cap. 108);

(d) a company or society registered under the Insurance Act (Cap. 142) as an insurer;

(e) the Singapore Government;

(f) a statutory body established under any Act in Singapore;

(g) the Government of Singapore Investment Corporation Pte Ltd;

(h) a pension fund;

(i) a collective investment scheme, as defined under section 2(1) of the Securities and Futures Act (Cap. 289) (“SFA”);

(j) a holder of a capital markets services licence under the SFA;

(k) a person who is exempted from the requirement to hold a capital markets services licence to carry on business in dealing in capital markets products that are futures contracts or over-the-counter derivatives contracts under the Second Schedule to the Securities and Futures (Licensing and Conduct of Business) Regulations (“LCB Regulations”);

(l) a person who is exempted from the requirement to hold a capital markets services licence to carry on business in fund management in the Second Schedule to the SF (LCB) Regulations, and who has assets under its management of not less than S$15 million;

(m) a headquarters company or Finance and Treasury Centre which carries on a class of business involving fund management but only to the extent that the business in fund management has been approved as a qualifying service in relation to that headquarters company or Finance and Treasury Centre under section 43E(2)(a) or 43G(2)(a) of the Income Tax Act (Cap. 134), as the case may be;

(n) a company in the Global Trader Programme of Enterprise Singapore;

(o) a financial adviser licensed under the Financial Advisers Act (Cap. 110) who uses BondEvalue’s services solely for the purposes of trading for its own account; or
(p) a hedge fund that has assets under management of not less than S$15 million.