20. Are there any regulatory requirements I must be aware of before registering as an ADDX investor?

Yes. We recommend you take a look at the requirements to register as an ADDX investor mentioned below:

ADDX Pte. Ltd.  is the operator of the ADDX platform. The platform is only open to users that are accredited or institutional investors, as defined below. Only accredited or institutional investors have access to trade on ADDX’s organised market. Where users provide or intend to provide any other person in Singapore with access to trade indirectly on the ADDX platform, the user shall only provide a person with such access to the ADDX platform if that person is an accredited investor or institutional investor, as defined below.

Accredited investors are:

1. An individual—

(a)   whose net personal assets exceed in value S$2 million (or its equivalent in a foreign currency);

(b)   whose financial assets (net of any related liabilities) exceed in value S$1 million (or its equivalent in a foreign currency) where “financial asset” means —

(i) a deposit as defined in section 4B of the Banking Act (Cap. 19);

(ii) an investment product as defined in section 2(1) of the Financial Advisers Act (Cap. 110); or

(iii) any other asset as may be prescribed by regulations made under section 341 of the Securities and Futures Act (Cap. 289) (“SFA”); or

(c) whose income in the preceding 12 months is not less than S$300,000 (or its equivalent in a foreign currency).

2. A corporation with net assets exceeding S$10 million in value (or its equivalent in a foreign currency) as determined by the most recent audited balance-sheet or certified balance-sheet within the preceding 12 months.
3. Any trustee of a trust all the beneficiaries of which are accredited investors.
4. Any trustee of a trust all the settlors of which:
   
   

(i)    are accredited investors;

(ii)   have reserved to themselves all powers of investment and asset management functions under the trust; and

(iii)  have reserved to themselves the power to revoke the trust.

5. Any trustee of a trust the subject matter of which exceeds S$10 million (or its equivalent in a foreign currency) in value.
6. An entity (other than a corporation) with net assets exceeding S$10 million (or its equivalent in a foreign currency) in value.
7. A partnership (other than a limited liability partnership) in which every partner is an accredited investor.
8. A corporation the entire share capital of which is owned by one or more persons, all of whom are accredited investors.
9. A person who holds a joint account with an accredited investor, in respect of dealings through that joint account.

Institutional investors are:

1.   a bank that is licensed under the Banking Act (Chapter 19) of Singapore;

2.  a merchant bank that is approved as financial institution under Section 28 of the Monetary Authority of Singapore (Chapter 186) of Singapore;
3.  a finance company that is licensed under the Finance Companies Act (Chapter 108) of Singapore;
4.  a company or society registered under the Insurance Act (Chapter 142) as an insurer;
5.  the Singapore Government or a central government in a country other than Singapore;
6.  a statutory body established under Act in Singapore;
7.  the Government of Singapore Investment Corporation Pte Ltd;
8.  an entity that is wholly and beneficially owned, whether directly or indirectly, by a central government of a country other than Singapore whose principal activity is;

  (i)    to manage its own funds;

  (ii)   to manage the funds of the central government of that country (which may include the reserves of that central government and any pension or provident fund of that country); or

  (iii)  to manage the funds (which may include the reserves of that central government and any pension or provident fund of that country) of another entity that is wholly and beneficially owned, whether directly or indirectly, by the central government of that country; or

9.  any entity that is wholly and beneficially owned, whether directly or indirectly, by the central government of a country other than Singapore and whose funds are managed by an entity in sub-paragraph (h) above;
10.  a pension fund, whether constituted in Singapore or elsewhere;
11.  a collective investment scheme, whether constituted in Singapore or elsewhere;
12.  a holder of a capital markets services licence under the SFA;
13.  a person who is exempted from the requirement to hold a capital market services licence to carry on business in fund management under paragraph 5(1)(i) of the Second Schedule to the Securities and Futures (Licensing and Conduct of Business) Regulations (Rg 10), and who has assets under its management of not less than S$15 million;
14.  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 qualifying service in relation to that headquarters company of Finance and Treasury Centre under Section 43E(2)(a) or Section 43G(2)(a) of the Income Tax Act (Chapter 134) of Singapore;
15.  an entity or a trust formed or incorporated in a jurisdiction other than Singapore, which is regulated for the carrying on of any financial activity in that jurisdiction by a public authority of that jurisdiction that exercises a function that corresponds to a regulatory function of the Monetary Authority of Singapore under the SFA, the Banking Act (Chapter 19) of Singapore, the Finance Companies Act (Chapter 108) of Singapore, the Monetary Authority of Singapore Act (Chapter 186) of Singapore and the Insurance Act (Chapter 142) of Singapore.