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Financial advisory
RES5Financial Advisory Services✓Why do plain deposits and money-market instruments need no Customer Knowledge Assessment, unlike complex Specified Investment Products?
Plain deposits and money-market instruments are simple, short-term and low-risk, so a retail investor is expected to understand them without the extra safeguards, such as a Customer Knowledge Assessment, that apply to complex SIPs. In law, a plain deposit is not a capital markets product, so no CKA or CAR applies, and a Singapore Government T-bill is an Excluded Investment Product.
Inverting the logic, or assuming that needing no CKA means no regulation at all.
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