Our regulator the Monetary Authority of Singapore has released new measures and enhanced requirements aimed at safeguarding the interest of investors. These measures apply to unit trusts as well as other financial instruments and will go into full effect starting next year. Under the new measures, a customer knowledge assessment is needs to be conducted by all distributors in order to assess on whether the consumer has the relevant knowledge or experience to understand the risk and features of the product they are buying. If he fails this assessment, then MAS will not allow “execution only” service to be provided. This impacts online distributors like Fundsupermart is a major way due to our business model, which is essentially “self execution only”. Online unit trust distributors like Fundsupermart essentially function like online stock brokerages, except that we apply to unit trusts instead of stocks. The customer goes online, does the research ......