Philanthropy support disclaimers
We do not and will not conduct any fundraising appeal on behalf of any persons, nor do we provide any legal or tax advice. Before committing to receiving any service or purchasing any investment product, you should obtain independent financial, legal, accounting, tax or other advice from your own financial or other professional advisors. You should also consider your investment goals, investment experience, financial situation and particular needs.
Marketing Materials Disclaimer and Disclosures
This material is prepared by Bank of Singapore Limited (Co Reg. No.: 197700866R) (the “Bank”) for information purposes only. It is intended only for the recipient, and may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Bank’s prior written consent.
This material is not intended for distribution, publication or use by any person in any jurisdiction outside Singapore, Hong Kong or such other jurisdiction as the Bank may determine in its absolute discretion, where such distribution, publication or use would be contrary to applicable law or would subject the Bank or its related corporations, connected persons, associated persons or affiliates (collectively “Affiliates”) to any licensing, registration or other requirements in such jurisdiction.
This material and other related documents or materials have not been reviewed by, registered with or lodged as a prospectus, information memorandum or profile statement with the Monetary Authority of Singapore, the Hong Kong Securities and Futures Commission or any other regulator in any jurisdiction.
This material by itself, is not and should not be construed as an offer or a solicitation to deal in any investment product or to enter into any legal relations.
This material does not, by its own, constitute advice (whether financial, legal, accounting, tax or otherwise) on or a recommendation with respect to any investment product, and should not be treated as advice or a recommendation or for any other purpose. This material has been prepared for and is intended for general circulation. This material does not take into account the specific investment objectives, investment experience, financial situation or particular needs of any particular person. You should independently evaluate the contents of this material, and consider the suitability of any service or product mentioned in this material taking into account your own specific investment objectives, investment experience, financial situation and particular needs. If in doubt about the contents of this material or the suitability of any service or product mentioned in this material, you should obtain independent financial, legal, accounting, tax or other advice from your own financial or other professional advisers, taking into account your specific investment objectives, investment experience, financial situation and particular needs, before making a commitment to obtain any service or purchase any investment product.
The Bank and its Affiliates and their respective officers, employees, agents and representatives do not make any express or implied representations, warranties or guarantees as to the accuracy, timeliness, completeness or reliability of the information, data or any other contents of this material. Past performance is not a guarantee or indication of future results. Any forecasts or projections contained in this material is not necessarily indicative of future or likely performance.
The Bank forms part of the OCBC Group (being for this purpose Oversea-Chinese Banking Corporation Limited and its subsidiaries, related and affiliated companies). The Bank, OCBC Group, their respective directors and employees (collectively “Related Persons”) may or might have in the future interests in the product(s) or the issuer(s) mentioned in this material. Such interests include effecting transactions in such product(s), and providing broking, investment banking and other financial services to such issuer(s). The Bank, OCBC Group and its Related Persons may also be related to, or receive commissions, fees or other remuneration from, providers of such product(s).
This material has not been prepared by research analysts, and the information in this material is not intended, by itself, to constitute independent, impartial or objective research or a recommendation from the Bank and should not be treated as such. Unless otherwise indicated, any reference to a research report or recommendation is not intended to represent the whole report and is not in itself considered a research report or recommendation.
Structured deposits, dual currency investments and other investment products are not insured by the Singapore Deposit Insurance Corporation or not protected by the Deposit Protection Scheme in Hong Kong.
This advertisement has not been reviewed by the Monetary Authority of Singapore, the Hong Kong Securities and Futures Commission or any other regulator in any jurisdiction.
The Bank is not licensed as an insurer or insurance broker and its employees and representatives are not registered as insurance agents. The Bank is not licensed to, and will not, provide any advice or recommendation on, or arrange or sell any insurance policy. Upon your request, the Bank may refer you to insurers or insurance brokers for the purchase of insurance policies. When referring you to any such insurer or insurance broker, the Bank will not give advice or provide recommendations on any insurance policy, or arrange any insurance policy for you. The Bank may receive commissions or fees in respect of the insurance policies purchased by you. Any insurance policy referred to in this document is issued by a third-party insurer.
If this material pertains to an offer, it may only be offered (i) in Hong Kong, to qualified Private Banking Customers and Professional Investors (as defined under the Securities and Futures Ordinance); (ii) in Singapore to Accredited Investors (as defined under the Securities and Futures Act 2001, as amended or modified); and (iii) in the Dubai International Financial Center, to Professional Clients (as defined under the Dubai Financial Services Authority rules). No other persons may act on the contents of the material.
Other Disclosures
Singapore
Where this material relates to securities or securities-based derivatives contracts, this clause applies:
This material has not been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, this material and any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of the securities or securities-based derivatives contracts may not be circulated or distributed, nor may the securities or securities-based derivatives contracts be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than (i) to an institutional investor (as defined in the Securities and Futures Act 2001 of Singapore, as amended or modified (the “SFA”)) pursuant to Section 274 of the SFA, (ii) to a relevant person (as defined in Section 275(2) of the SFA) pursuant to Section 275(1) of the SFA, or any person pursuant to Section 275(1A) of the SFA, and in accordance with the conditions specified in Section 275 of the SFA and, where applicable, the conditions specified in Regulation 3 of the Securities and Futures (Classes of Investors) Regulations 2018, or (iii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.
Where securities or securities-based derivatives contracts are subscribed or purchased under Section 275 of the SFA by a relevant person which is:
(a) a corporation (which is not an accredited investor (as defined in the SFA)) the sole business of which is to hold investments and the entire share capital of which is owned by one or more individuals, each of whom is an accredited investor; or
(b) a trust (where the trustee is not an accredited investor) whose sole purpose is to hold investments and each beneficiary of the trust is an individual who is an accredited investor,
securities (as defined in Section 2(1) of the SFA) or securities-based derivatives contracts (as defined in Section 2(1) of the SFA) of that corporation or the beneficiaries’ rights and interest (howsoever described) in that trust shall not be transferred within six months after that corporation or that trust has acquired the securities or securities-based derivatives contract pursuant to an offer made under Section 275 of the SFA except:
(1) to an institutional investor or to a relevant person, or to any person arising from an offer referred to in Section 275(1A) or Section 276(4)(c)(ii) of the SFA;
(2) where no consideration is or will be given for the transfer;
(3) where the transfer is by operation of law;
(4) as specified in Section 276(7) of the SFA; or
(5) as specified in Regulation 37A of the Securities and Futures (Offers of Investments) (Securities and Securities-based Derivatives Contracts) Regulations 2018 of Singapore.
Where this material relates to units of the collective investment scheme authorised or recognised under the SFA, this clause applies:
The collective investment scheme is authorised under Section 286 of the Securities and Futures Act 2001 of Singapore, as amended or modified (the “SFA”) or recognised under Section 287 of the SFA. Past performance and any forecasts are not necessarily indicative of the future or likely performance of the fund(s). The value of units and the income from them may fall as well as rise. The fund(s) is/are subject to investment risks. Investors should read the Prospectus and Product Highlights Sheet (where applicable), obtainable from your relationship manager, the fund manager or its distributors, before investing.
Where units of the collective investment scheme are or will be listed on an exchange, and all or most investors may only deal in the units through the exchange, investors cannot redeem the units with the manager for the scheme or investors may only redeem units with the manager for the scheme under certain specified conditions. The listing of the units does not guarantee a liquid market for the units.
Where this material relates to units of the collective investment scheme registered under restricted scheme, this clause applies:
The offer or invitation of the units of the collective investment scheme, which is the subject of this material, does not relate to a collective investment scheme which is authorised under Section 286 of the Securities and Futures Act 2001 of Singapore, as amended or modified (the “SFA”) or recognised under Section 287 of the SFA. The collective investment scheme is not authorised or recognised by the Monetary Authority of Singapore (the “MAS”) and the units are not allowed to be offered to the retail public. This material and any other document or material issued in connection with the offer or sale is not a prospectus as defined in the SFA and, accordingly, statutory liability under the SFA in relation to the content of prospectuses does not apply, and you should consider carefully whether the investment is suitable for you.
This material has not been registered as a prospectus with the MAS. Accordingly, this material, and any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of the units may not be circulated or distributed, nor may the units be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than (i) to an institutional investor (as defined in the SFA) pursuant to Section 304 of the SFA, (ii) to a relevant person (as defined in Section 305(5) of the SFA) pursuant to Section 305(1), or any person pursuant to Section 305(2), and in accordance with the conditions specified in Section 305, of the SFA, and where applicable, the conditions specified in Regulation 3 of the Securities and Futures (Classes of Investors) Regulations 2018, or (iii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.
Where units are subscribed or purchased under Section 305 of the SFA by a relevant person which is:
(a) a corporation (which is not an accredited investor (as defined in the SFA)) the sole business of which is to hold investments and the entire share capital of which is owned by one or more individuals, each of whom is an accredited investor; or
(b) a trust (where the trustee is not an accredited investor) whose sole purpose is to hold investments and each beneficiary of the trust is an individual who is an accredited investor,
securities (as defined in Section 2(1) of the SFA) of that corporation or the beneficiaries’ rights and interest (howsoever described) in that trust shall not be transferred within six months after that corporation or that trust has acquired the units pursuant to an offer made under Section 305 of the SFA except:
(1) to an institutional investor or to a relevant person, or to any person arising from an offer referred to in Section 275(1A) or Section 305A(3)(c)(ii) of the SFA;
(2) where no consideration is or will be given for the transfer;
(3) where the transfer is by operation of law;
(4) as specified in Section 305A(5) of the SFA; or
(5) as specified in Regulation 36A of the Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations 2005 of Singapore.
Where this material relates to structured deposits, this clause applies:
The product is a structured deposit. Unlike traditional deposits, structured deposits have an investment element and returns may vary. You may wish to seek independent advice from a financial adviser before making a commitment to purchase this product. In the event that you choose not to seek independent advice from a financial adviser, you should carefully consider whether this product is suitable for you.
Where this material relates to dual currency investments, this clause applies:
The product is a dual currency investment. A dual currency investment product (“DCI”) is a derivative product or structured product with derivatives embedded in it. A DCI involves a currency option which confers on the deposit-taking institution the right to repay the principal sum at maturity in either the base or alternate currency. Part or all of the interest earned on this investment represents the premium on this option.
By purchasing this DCI, you are giving the issuer of this product the right to repay you at a future date in an alternate currency that is different from the currency in which your initial investment was made, regardless of whether you wish to be repaid in this currency at that time. DCIs are subject to foreign exchange fluctuations which may affect the return of your investment. Exchange controls may also be applicable to the currencies your investment is linked to. You may incur a loss on your principal sum in comparison with the base amount initially invested. You may wish to seek advice from a financial adviser before making a commitment to purchase this product. In the event that you choose not to seek advice from a financial adviser, you should carefully consider whether this product is suitable for you.
Hong Kong
This document has not been delivered for registration to the Registrar of Companies in Hong Kong and its contents have not been reviewed by any regulatory authority in Hong Kong. Accordingly: (i) the shares/notes may not be offered or sold in Hong Kong by means of any document other than to persons who are "Professional Investors" within the meaning of the Securities and Futures Ordinance (Cap. 571) of Hong Kong and the Securities and Futures (Professional Investor) Rules made thereunder or in other circumstances which do not result in the document being a "prospectus" within the meaning of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) of Hong Kong or which do not constitute an offer to the public within the meaning of the Companies (Winding Up and Miscellaneous Provisions) Ordinance; and (ii) no person may issue any invitation, advertisement or other document relating to the shares/notes whether in Hong Kong or elsewhere, which is directed at, or the contents of which are likely to be accessed or read by, the public in Hong Kong (except if permitted to do so under the securities laws of Hong Kong) other than with respect to the shares/notes which are or are intended to be disposed of only to persons outside Hong Kong or only to "Professional Investors" within the meaning of the Securities and Futures Ordinance and the Securities and Futures (Professional Investor) Rules made thereunder.
The product may involve derivatives. Do not invest in it unless you fully understand and are willing to assume the risks associated with it. If you have any doubt, you should seek independent professional financial, tax and/or legal advice as you deem necessary.
Where this material relates to a Complex Product, this clause applies:
Warning Statement and Information about Complex Product
(Applicable to accounts managed by Hong Kong Relationship Manager)
Where this material relates to a Complex Product – Funds and ETFs, this clause applies additionally:
Where this material relates to a Complex Product (Options and its variants, Swap and its variants, Accumulator and its variants, Reverse Accumulator and its variants, Forwards), this clause applies additionally:
Where this material relates to a Loss Absorption Product, this clause applies:
Warning Statement and Information about Loss Absorption Products
(Applicable to accounts managed by Hong Kong Relationship Manager)
Before you invest in any Loss Absorption Product (as defined by the Hong Kong Monetary Authority), please read and ensure that you understand the features of a Loss Absorption Product, which may generally have the following features:
Where this material relates to a certificate of deposit, this clause applies:
It is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
Where this material relates to a structured deposit, this clause applies:
It is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
Where this material relates to a structured product, this clause applies:
This is a structured product which involves derivatives. Do not invest in it unless you fully understand and are willing to assume the risks associated with it. If you are in any doubt about the risks involved in the product, you may clarify with the intermediary or seek independent professional advice.
Dubai International Financial Center
Where this material relates to structured products and bonds, this clause applies:
The Distributor represents and agrees that it has not offered and will not offer the product to any person in the Dubai International Financial Centre unless such offer is an “Exempt Offer” in accordance with the Market Rules of the Dubai Financial Services Authority (the “DFSA”).
The DFSA has no responsibility for reviewing or verifying any documents in connection with Exempt Offers.
The DFSA has not approved the Information Memorandum or taken steps to verify the information set out in it, and has no responsibility for it.
The product to which this document relates may be illiquid and/or subject to restrictions in respect of their resale. Prospective purchasers of the products offered should conduct their own due diligence on the products.
Please make sure that you understand the contents of the relevant offering documents (including but not limited to the Information Memorandum or Offering Circular) and the terms set out in this document. If you do not understand the contents of the relevant offering documents and the terms set out in this document, you should consult an authorised financial adviser as you deem necessary, before you decide whether or not to invest.
Where this material relates to a fund, this clause applies:
This Fund is not subject to any form of regulation or approval by the Dubai Financial Services Authority (“DFSA”). The DFSA has no responsibility for reviewing or verifying any Prospectus or other documents in connection with this Fund. Accordingly, the DFSA has not approved the Prospectus or any other associated documents nor taken any steps to verify the information set out in the Prospectus, and has no responsibility for it. The Units to which this Fund relates may be illiquid and/or subject to restrictions on their resale. Prospective purchasers should conduct their own due diligence on the Units. If you do not understand the contents of this document, you should consult an authorized financial adviser. Please note that this offer is intended for only Professional Clients and is not directed at Retail Clients.
These are also available for inspection, during normal business hours, at the following location:
Bank of Singapore
Office 30-34 Level 28
Central Park Tower
DIFC, Dubai
U.A.E
Research Publications Disclaimer and Disclosures
This material is prepared by Bank of Singapore Limited (Co Reg. No.: 197700866R) (the “Bank”) and is distributed in Singapore by the Bank.
This material does not provide individually tailored investment advice. This material has been prepared for and is intended for general circulation. The contents of this material does not take into account the specific investment objectives, investment experience, financial situation, or particular needs of any particular person. You should independently evaluate the contents of this material, and consider the suitability of any product discussed in this material, taking into account your own specific investment objectives, investment experience, financial situation and particular needs. If in doubt about the contents of this material or the suitability of any product discussed in this material, you should obtain independent financial advice from your own financial or other professional advisers, taking into account your specific investment objectives, investment experience, financial situation and particular needs, before making a commitment to purchase any product.
This material is not and should not be construed, by itself, as an offer or a solicitation to deal in any product or to enter into any legal relations. You should contact your own licensed representative directly if you are interested in buying or selling any product discussed in this material.
This material is not intended for distribution, publication or use by any person in any jurisdiction outside Singapore, Hong Kong or such other jurisdiction as the Bank may determine in its absolute discretion, where such distribution, publication or use would be contrary to applicable law or would subject the Bank or its related corporations, connected persons, associated persons or affiliates (collectively “Affiliates”) to any licensing, registration or other requirements in such jurisdiction.
The Bank and its Affiliates may have issued other reports, analyses, or other documents expressing views different from the contents of this material, and may provide other advice or make investment decisions that are contrary to the views expressed in this material, and all views expressed in all reports, analyses and documents are subject to change without notice. The Bank and its Affiliates reserve the right to act upon or use the contents of this material at any time, including before its publication.
The author of this material may have discussed the information or views contained in this material with others within or outside the Bank, and the author or such other Bank employees may have already acted on the basis of such information or views (including communicating such information or views to other customers of the Bank).
The Bank, its employees (including those with whom the author may have consulted in the preparation of this material))and discretionary accounts managed by the Bank may have long or short positions (including positions that may be different from or opposing to the views in this material or may be otherwise interested in any of the product(s) (including derivatives thereof) discussed in material, may have acquired such positions at prices and market conditions that are no longer available, may from time to time deal in such product(s) and may have interests different from or adverse to your interests.
Analyst Declaration
The analyst(s) who prepared this material certifies that the opinions contained herein accurately and exclusively reflect his or her views about the securities of the company(ies) and that he or she has taken reasonable care to maintain independence and objectivity in respect of the opinions herein.
The analyst(s) who prepared this material and his/her associates do not have financial interests in the company(ies). Financial interests refer to investments in securities, warrants and/or other derivatives. The analyst(s) receives compensation based on the overall revenues of Bank of Singapore Limited, and no part of his or her compensation was, is, or will be directly or indirectly related to the inclusion of specific recommendations or views in this material. The reporting line of the analyst(s) is separate from and independent of the business solicitation or marketing departments of Bank of Singapore Limited.
The analyst(s) and his/her associates confirm that they do not serve as directors or officers of the company(ies) and the company(ies)or other third parties have not provided or agreed to provide any compensation or other benefits to the analyst(s) in connection with this material.
An “associate” is defined as (i) the spouse, parent or step-parent, or any minor child (natural or adopted) or minor step-child, or any sibling or step-sibling of the analyst; (ii) the trustee of a trust of which the analyst, his spouse, parent or step-parent, minor child (natural or adopted) or minor step-child, or sibling or step-sibling is a beneficiary or discretionary object; or (iii) another person accustomed or obliged to act in accordance with the directions or instructions of the analyst.
Conflict of Interest Declaration
The Bank is a licensed bank regulated by the Monetary Authority of Singapore in Singapore. Bank of Singapore Limited, Hong Kong Branch (incorporated in Singapore with limited liability), is an Authorized Institution as defined in the Banking Ordinance of Hong Kong (Cap 155), regulated by the Hong Kong Monetary Authority in Hong Kong and a Registered Institution as defined in the Securities and Futures Ordinance of Hong Kong (Cap.571) regulated by the Securities and Futures Commission in Hong Kong. The Bank, its employees and discretionary accounts managed by its Singapore Office/Hong Kong Office may have long or short positions or may be otherwise interested in any of the investment products (including derivatives thereof) referred to in this document and may from time to time dispose of any such investment products. The Bank forms part of the OCBC Group (being for this purpose Oversea-Chinese Banking Corporation Limited (“OCBC Bank”) and its subsidiaries, related and affiliated companies). OCBC Group, their respective directors and/or employees (collectively “Related Persons”) may have interests in the investment products or the issuers mentioned herein. Such interests include effecting transactions in such investment products, and providing broking, investment banking and other financial services to such issuers. OCBC Group and its Related Persons may also be related to, and receive fees from, providers of such investment products. There may be conflicts of interest between OCBC Bank, the Bank, OCBC Investment Research Private Limited, OCBC Securities Private Limited or other members of the OCBC Group and any of the persons or entities mentioned in this report of which the Bank and its analyst(s) are not aware due to OCBC Bank’s Chinese Wall arrangement.
The Bank adheres to a group policy (as revised and updated from time to time) that provides how entities in the OCBC Group manage or eliminate any actual or potential conflicts of interest which may impact the impartiality of research reports issued by any research analyst in the OCBC Group.
If this material pertains to an offer, it may only be offered (i) in Hong Kong, to qualified Private Banking Customers and Professional Investors (as defined under the Securities and Futures Ordinance); (ii) in Singapore, to Accredited Investors (as defined under the Securities and Futures Act 2001); and (iii) in the Dubai International Financial Center, to Professional Clients (as defined under the Dubai Financial Services Authority rules). No other persons may act on the contents of the material.
Other Disclosures
Singapore
Where this material relates to structured deposits, this clause applies:
The product is a structured deposit. Structured deposits are not insured by the Singapore Deposit Insurance Corporation. Unlike traditional deposits, structured deposits have an investment element and returns may vary. You may wish to seek independent advice from a financial adviser before making a commitment to purchase this product. In the event that you choose not to seek independent advice from a financial adviser, you should carefully consider whether this product is suitable for you.
Where this material relates to dual currency investments, this clause applies:
The product is a dual currency investment. A dual currency investment product (“DCI”) is a derivative product or structured product with derivatives embedded in it. A DCI involves a currency option which confers on the deposit-taking institution the right to repay the principal sum at maturity in either the base or alternate currency. Part or all of the interest earned on this investment represents the premium on this option.
By purchasing this DCI, you are giving the issuer of this product the right to repay you at a future date in an alternate currency that is different from the currency in which your initial investment was made, regardless of whether you wish to be repaid in this currency at that time. DCIs are subject to foreign exchange fluctuations which may affect the return of your investment. Exchange controls may also be applicable to the currencies your investment is linked to. You may incur a loss on your principal sum in comparison with the base amount initially invested. You may wish to seek advice from a financial adviser before making a commitment to purchase this product. In the event that you choose not to seek advice from a financial adviser, you should carefully consider whether this product is suitable for you.
Hong Kong
This document has not been delivered for registration to the Registrar of Companies in Hong Kong and its contents have not been reviewed by any regulatory authority in Hong Kong. Accordingly: (i) the shares/notes may not be offered or sold in Hong Kong by means of any document other than to persons who are "Professional Investors" within the meaning of the Securities and Futures Ordinance (Cap. 571) of Hong Kong and the Securities and Futures (Professional Investor) Rules made thereunder or in other circumstances which do not result in the document being a "prospectus" within the meaning of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) of Hong Kong or which do not constitute an offer to the public within the meaning of the Companies (Winding Up and Miscellaneous Provisions) Ordinance; and (ii) no person may issue any invitation, advertisement or other document relating to the shares/notes whether in Hong Kong or elsewhere, which is directed at, or the contents of which are likely to be accessed or read by, the public in Hong Kong (except if permitted to do so under the securities laws of Hong Kong) other than with respect to the shares/notes which are or are intended to be disposed of only to persons outside Hong Kong or only to "Professional Investors" within the meaning of the Securities and Futures Ordinance and the Securities and Futures (Professional Investor) Rules made thereunder.
The product may involve derivatives. Do not invest in it unless you fully understand and are willing to assume the risks associated with it. If you have any doubt, you should seek independent professional financial, tax and/or legal advice as you deem necessary.
Where this material relates to a Complex Product, this clause applies:
Warning Statement and Information about Complex Product
(Applicable to accounts managed by Hong Kong Relationship Manager)
Where this material relates to a Complex Product – funds and ETFs, this clause applies additionally:
Where this material relates to a Complex Product (Options and its variants, Swap and its variants, Accumulator and its variants, Reverse Accumulator and its variants, Forwards), this clause applies additionally:
Where this material relates to a Loss Absorption Product, this clause applies:
Warning Statement and Information about Loss Absorption Products
(Applicable to accounts managed by Hong Kong Relationship Manager)
Before you invest in any Loss Absorption Product (as defined by the Hong Kong Monetary Authority), please read and ensure that you understand the features of a Loss Absorption Product, which may generally have the following features:
Where this material relates to a certificate of deposit, this clause applies:
It is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
Where this material relates to a structured deposit, this clause applies:
It is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
Where this material relates to a structured product, this clause applies:
This is a structured product which involves derivatives. Do not invest in it unless you fully understand and are willing to assume the risks associated with it. If you are in any doubt about the risks involved in the product, you may clarify with the intermediary or seek independent professional advice.
Dubai International Financial Center
Where this material relates to structured products and bonds, this clause applies:
The Distributor represents and agrees that it has not offered and will not offer the product to any person in the Dubai International Financial Centre unless such offer is an “Exempt Offer” in accordance with the Market Rules of the Dubai Financial Services Authority (the “DFSA”).
The DFSA has no responsibility for reviewing or verifying any documents in connection with Exempt Offers.
The DFSA has not approved the Information Memorandum or taken steps to verify the information set out in it, and has no responsibility for it.
The product to which this document relates may be illiquid and/or subject to restrictions in respect of their resale. Prospective purchasers of the products offered should conduct their own due diligence on the products.
Please make sure that you understand the contents of the relevant offering documents (including but not limited to the Information Memorandum or Offering Circular) and the terms set out in this document. If you do not understand the contents of the relevant offering documents and the terms set out in this document, you should consult an authorised financial adviser as you deem necessary, before you decide whether or not to invest.
Where this material relates to a fund, this clause applies:
This Fund is not subject to any form of regulation or approval by the Dubai Financial Services Authority (“DFSA”). The DFSA has no responsibility for reviewing or verifying any Prospectus or other documents in connection with this Fund. Accordingly, the DFSA has not approved the Prospectus or any other associated documents nor taken any steps to verify the information set out in the Prospectus, and has no responsibility for it. The Units to which this Fund relates may be illiquid and/or subject to restrictions on their resale. Prospective purchasers should conduct their own due diligence on the Units. If you do not understand the contents of this document you should consult an authorized financial adviser. Please note that this offer is intended for only Professional Clients and is not directed at Retail Clients.
These are also available for inspection, during normal business hours, at the following location:
Bank of Singapore
Office 30-34 Level 28
Central Park Tower
DIFC, Dubai
U.A.E
Cross Border Disclaimer and Disclosures
Australia: Bank of Singapore Limited (i) is exempt from the requirement to hold an Australian financial services (AFS) licence under the Corporations Act 2001 (Cth) in respect of all financial products or financial services it provides in accordance with ASIC Class Order 03/1102 (as continued in force by ASIC Corporations (Repeal and Transitional) Instrument 2016/396) to any person in Australia who is a wholesale client, and (ii) is regulated by the Monetary Authority of Singapore under Singaporean laws which differ from Australian laws.
Bahrain: Bank of Singapore Limited (the “Bank”) does not hold any licence, registration or approval to carry on any regulated business in Bahrain (including but not limited to any businesses regulated by the Central Bank of Bahrain), nor does it hold itself out as carrying on or purport to carry on any such business in Bahrain. Any services provided by the Bank to residents of Bahrain are provided solely on an offshore basis from outside of Bahrain, either as a result of “reverse enquiry” on the part of Bahrain residents or where the Bank has been retained outside of Bahrain to provide such services. As an integral part of the provision of such services from outside of Bahrain, the Bank may from time to time make available to such resident’s documents and information making reference to financial products (for example, in connection with the provision of fund management or investment advisory services outside of Bahrain). Nothing in such documents or information is intended to be construed as or constitute the making available of, or an offer or invitation to subscribe for or purchase any such financial product.
No information or report on this website should be construed or regarded as an offer or a solicitation to buy, sell or otherwise deal with any investment product and is not intended for distribution to, or use, any person in any jurisdiction, including the United States, where such investment product is not authorised or registered for distribution in, or which the dissemination of information on the investment product is prohibited or restricted by law
In so far the website www.bankofsingapore.com can be accessed from anywhere in the world, it is your responsibility to comply with the laws and regulations of the country in which you are resident and/or using the Service and you will bear any direct or indirect consequences resulting from non-compliance with such legal and regulatory requirements.
Brunei: This document has not been delivered to, licensed or permitted by the Brunei Darussalam Central Bank, the authority as designated under the Brunei Darussalam Securities Markets Order, 2013 and the Banking Order, 2006; nor has it been registered with the Registrar of Companies, Registrar of International Business Companies or the Brunei Darussalam Ministry of Finance. The products mentioned in this document are not registered, licensed or permitted by the Brunei Darussalam Central Bank or by any other government agency or under any law in Brunei Darussalam. Any offers, acceptances, sales and allotments of the products shall be made outside Brunei Darussalam.
Cayman Islands: The information contained herein is exclusively addressed to the recipient. The offering of certain products in this document has not been and will not be registered with the CIMA in the Cayman Islands. Any products in this document that are being offered or sold do not constitute a public offering or distribution of securities under the applicable laws and regulations of the Cayman Islands. This document is not intended for circulation or distribution in or into the Cayman Islands, other than a) to persons in the Cayman Islands to whom such circulation or distribution is permitted by, or is exempt from the requirements of the applicable laws and regulations of the Cayman Islands, or b) by persons who are duly licensed or authorized by the relevant Cayman Islands regulatory authority to distribute this document in the Cayman Islands and only as permitted under their license or authorization. This document is provided for information purposes only and contains general information which is not specific in any way to any particular investor and, the information contained herein does not constitute financial advice, nor is it intended to influence an investor’s decision to invest or induce any persons to buy, sell, subscribe for or underwrite any particular securities, or participate in any particular trading strategy. The distribution of the information contained herein by the recipient is prohibited.
Hong Kong SAR: Bank of Singapore Limited is an Authorized Institution as defined in the Banking Ordinance of Hong Kong (Cap 155), regulated by the Hong Kong Monetary Authority in Hong Kong and a Registered Institution as defined in the Securities and Futures Ordinance of Hong Kong (Cap. 571), regulated by the Securities and Futures Commission in Hong Kong.
This document is prepared by Bank of Singapore Limited (the “Bank”) for information purposes only, intended for the internal or personal use of the intended recipients only, and is not intended for anyone other than the recipient. It has not been reviewed by any regulatory authority in Hong Kong. It is not, by itself, an offer or a solicitation to deal in any investment product or enter into any legal relations, nor does it, by itself, constitute advice or recommendation with respect to investment products. It does not have regard to the specific investment objectives, investment experience, financial situation and the particular needs of any particular person. This document may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Bank’s prior written consent. This document is not intended for distribution to, publication or use by any person in any jurisdiction outside Singapore, Hong Kong, or such other jurisdiction as the Bank may determine in its absolute discretion, where such distribution, publication or use would be contrary to applicable law or would subject the Bank and its related corporations, connected persons, associated persons and/or affiliates (collectively, “Affiliates”) to any registration, licensing or other requirements within such jurisdiction.
Indonesia:
Public offering of securities
The offering of the investment product in reliance of this document is not registered under the Indonesian Capital Market Law and its implementing regulations, and is not intended to constitute a public offering of securities under the Indonesian Capital Market Law and its implementing regulations. According, this investment product may not be offered or sold, directly or indirectly, within Indonesia or to Indonesian citizens (wherever they are domiciled or located), entities or residents, in any manner which constitutes a public offering of securities under the Indonesian Capital Market Law and its implementing regulations.
Offering of debt securities
In compliance with the Indonesian Capital Market Law and Regulation of the Indonesian Financial Service Authority No. 30/POJK.04/2019, the investment product in this document may not be distributed in Indonesian or to any Indonesian citizens (wherever they are domiciled or located), entities or residents. The investment product in this document has not been and will not be registered or filed with to the Indonesian Financial Service Authority.
Japan: This communication and the information contained herein is not directed to, nor intended for distribution or use by, any person or entity in Japan where the distribution or use of this communication would be contrary to Japanese law or regulation.
Labuan: Bank of Singapore Limited does not hold any licence, registration or approval to carry on any regulated business in Labuan (including but not limited to any businesses regulated under the Capital Markets and Services Act 2007 and the Labuan Financial Services and Securities Act 2010 of Malaysia), nor does it hold itself out as carrying on or purport to carry on any such business in Labuan. Any services provided by Bank of Singapore Limited to residents of Labuan are provided solely on an offshore basis from outside Labuan, either as a result of “reverse enquiry” on the part of the Labuan residents or where Bank of Singapore Limited has been retained outside Labuan to provide such services. As an integral part of the provision of such services from outside Labuan, Bank of Singapore Limited may from time to time make available to such residents documents and information making reference to capital markets products (for example, in connection with the provision of fund management or investment advisory services outside of Labuan). Nothing in such documents or information is intended to be construed as or constitute the making available of, or an offer or invitation to subscribe for or purchase any such capital markets product.
Malaysia: Bank of Singapore Limited does not hold any licence, registration or approval to carry on any regulated business in Malaysia (including but not limited to any businesses regulated under the Capital Markets & Services Act 2007 of Malaysia), nor does it hold itself out as carrying on or purport to carry on any such business in Malaysia. Any services provided by Bank of Singapore Limited to residents of Malaysia are provided solely on an offshore basis from outside Malaysia, either as a result of “reverse enquiry” on the part of the Malaysian residents or where Bank of Singapore Limited has been retained outside Malaysia to provide such services. As an integral part of the provision of such services from outside Malaysia, Bank of Singapore Limited may from time to time make available to such residents documents and information making reference to capital markets products (for example, in connection with the provision of fund management or investment advisory services outside of Malaysia). Nothing in such documents or information is intended to be construed as or constitute the making available of, or an offer or invitation to subscribe for or purchase any such capital markets product.
Myanmar: This document and information herein is made available by Bank of Singapore Limited, which is not licensed or registered under the Financial Institutions Law (Law No. 20/2016) or other Myanmar legislation to carry on, nor do they purport to carry on, any regulated activity in Myanmar.
The provision of any products and services by Bank of Singapore Limited shall be solely on an offshore basis. You shall ensure that you have and will continue to be fully compliant with all applicable laws in Myanmar when entering into discussion or contracts with Bank of Singapore Limited.
Oman: This document does not constitute a public offer of investment, securities or financial services in the Sultanate of Oman, as contemplated by the Commercial Companies Law of Oman (Royal Decree No. 18/2019), Banking Law of Oman (Royal Decree No. 114/2000) or the Securities Law of Oman (Royal Decree No. 46/2022) and the Executive Regulations of the Capital Market Law (Ministerial Decision No. 1/2009) or an offer to sell or the solicitation of any offer to buy non-Omani investment products, securities or financial services and products in the Sultanate of Oman. This document is strictly private and confidential. It is being provided to a limited number of sophisticated investors solely to enable them to decide whether or not to make an offer to invest in financial products mentioned in this document, outside of the Sultanate of Oman, upon the terms and subject to the restrictions set out herein and may not be reproduced or used for any other purpose or provided to any person other than the original recipient. Additionally, this document is not intended to lead to the making of any contract within the territory or under the laws of the Sultanate of Oman. The Financial Services Authority of Oman and the Central Bank of Oman take no responsibility for the accuracy of the statements and information contained in this document or for the performance of the financial products mentioned in this document nor shall they have any liability to any person for damage or loss resulting from reliance on any statement or information contained herein. Neither the Bank of Singapore Limited nor any of its associates or affiliates (together the “BOS Group”) have a registered business presence, or commercial representative office, or permanent establishment of any nature whatsoever in the Sultanate of Oman (“Onshore Business Presence”). Specifically, no member of the BOS Group is licensed or regulated by the Central Bank of Oman (“CBO”) to provide banking services in Oman, or by the Capital Market Authority (“CMA”) to provide financial services or insurance services, or any other services of a similar nature in the Sultanate of Oman and no member of the BOS Group provides any such regulated and licensable services through an Onshore Business Presence.
Saudi Arabia: The Bank has not received authorization or licensing from the Saudi Arabian Monetary Agency or any other governmental authority in the Kingdom of Saudi Arabia to carry on banking business within the Kingdom of Saudi Arabia and the Bank does not hold itself out as carrying on, and does not carry on banking business.
South Korea: The document does not constitute an offer, solicitation or investment advertisement to trade in the financial product referred to in the document.
Thailand: This document has not been, and will not be, registered or filed with the Office of the Securities and Exchange Commission of Thailand. Accordingly, this document and any other information in connection with the offer or sale, or invitation for subscription or purchase, of the products and services, may not be circulated or distributed, nor may the products and services be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to the public or any members of the public in Thailand, except to the extent permitted otherwise by applicable laws and regulations. Neither Bank of Singapore Limited nor any of its affiliates outside Thailand have any intention to solicit your investment or subscription in the products and services.
The Philippines: The information contained in this document is not intended to constitute a public offering of securities under the Securities Regulation Code of the Philippines.
Dubai International Financial Center (DIFC): Bank of Singapore Limited has a branch registered in the Dubai International Financial Centre ("DIFC") which is regulated by the Dubai Financial Services Authority (“DFSA”). Bank of Singapore Limited (DIFC Branch) is not a financial institution licensed in the United Arab Emirates outside of the DIFC and does not undertake banking or financial activities, nor is it licensed to do so, in the United Arab Emirates outside of the DIFC. This material is provided for information purposes only and it is general information not specific in any way to any particular investor, investor type, strategy, investment need or other financial circumstance. As such this information is not financial advice or a financial promotion, nor is it intended to influence an investor's decision to invest. It is not to be construed as an offer to buy or sell or solicitation of an offer to buy or sell any financial instruments or to participate in any particular trading strategy in any jurisdiction. The material is only intended for persons who fulfill the criteria to be classified as “deemed Professional Clients” as defined under the DFSA rules and should not be reviewed, received, provided to or relied upon by any other person.
United Arab Emirates (U.A.E): The information contained herein is exclusively addressed to the recipient. The offering of certain products in this document has not been and will not be registered with the Central Bank of the United Arab Emirates or the Securities & Commodities Authority in the United Arab Emirates. Any products in this document that are being offered or sold do not constitute a public offering or distribution of securities under the applicable laws and regulations of the United Arab Emirates. This document is not intended for circulation or distribution in or into the UAE, other than a) to persons in the UAE to whom such circulation or distribution is permitted by, or is exempt from the requirements of the applicable laws and regulations of the United Arab Emirates, or b) by persons who are duly licensed or authorized by the relevant UAE regulatory authority to distribute this document in the UAE and only as permitted under their license or authorization. This document is provided for information purposes only and contains general information which is not specific in any way to any particular investor and, the information contained herein does not constitute financial advice, nor is it intended to influence an investor’s decision to invest and it is not a recommendation for a recipient to buy or sell or hold any particular investment or participate in any particular trading strategy. The distribution of the information contained herein by the recipient is prohibited.
Luxembourg: The Bank has not received authorisation or licensing from the Commission de Surveillance du Secteur Financier (the “CSSF”) in Luxembourg or from any other European Economic Area (the “EEA”) supervisory authority to carry on any banking business within Luxembourg or the EEA and the Bank does not hold itself out as carrying on and does not carry on any banking business. Within the EEA, financial services are conducted by the Bank’s subsidiary, BOS Wealth Management Europe S.A. (BOSWME), which is authorised as an investment firm by the CSSF.
Only the materials that specifically mention that they meet the requirements for marketing materials of the Directive 2014/65/EU of 15 May 2014 on markets in financial instruments (MiFID II) or any relevant implementing measures in each relevant EEA member state, including other applicable legislation depending on the financial instrument referred to in the materials, may target persons in member states of the EEA (limited to Professional Clients as explained above).
These materials do not constitute “investment recommendations” or “information recommending or suggesting an investment strategy” for purposes of the Regulation (EU) No 596/ of 16 April 2014 on market abuse (MAR). Any reference in the materials to a particular tax treatment depends on the individual circumstances of each client and may be subject to change in the future.
The sole purpose of these materials is to provide general information. The transmission of this information does not constitute an offer or an invitation to subscribe or purchase financial instruments, nor a recommendation to purchase financial instruments or an offer or acceptance of an offer to conclude an agreement. The information contained in the materials, and all other information or documents transmitted in connection with these materials, do not form a basis for any contractual or other obligation, nor do they replace a consultation of (legal, financial or tax) advisors by the recipient.
Unless specifically set forth to the contrary herein, the information provided in these materials is not intended to constitute disclosure documents, performance information or public release required under the laws of Luxembourg or other EEA member states.
United Kingdom: In the United Kingdom, this document is being made available only to the person or the entity to whom it is directed being persons to whom it may lawfully be directed under applicable laws and regulations of the United Kingdom (such persons are hereinafter referred to as ‘relevant persons’). Accordingly, this document is communicated only to relevant persons. Persons who are not relevant persons must not act on or rely on this document or any of its contents. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons. Relevant persons in receipt of this document must not distribute, publish, reproduce, or disclose this document (in whole or in part) to any person who is not a relevant person.
United States of America: This product may not be sold or offered within the United States or to U.S. persons.
In Hong Kong, Bank of Singapore Limited is a branch of Bank of Singapore Limited incorporated in Singapore with limited liability.
Where this material is disseminated by Bank of Singapore (DIFC Branch), the following applies:
Bank of Singapore (DIFC Branch) has its office at 30-34, Level 28, Central Park Tower, Dubai International Financial Centre, PO Box 4296, Dubai – UAE.
Dubai International Financial Center (DIFC): Bank of Singapore Limited (DIFC Branch) is a branch of Bank of Singapore Limited which is registered in the Dubai International Financial Centre (“DIFC”) in the Emirate of Dubai, United Arab Emirates. Bank of Singapore Limited (DIFC Branch) is licensed by the Dubai Financial Services Authority (“DFSA”). This material is provided for information purposes only and contains general information which is not specific in any way to any particular investor, investor type, strategy, investment need or other financial circumstance. As such the information contained herein does not constitute financial advice, nor is it intended to influence an investor's decision to invest, and is not a recommendation for the recipient to buy sell or hold a particular investment or to participate in any particular trading strategy in any jurisdiction, and should not be relied or acted upon by the recipient without first obtaining professional investment advice. This material is only intended for persons who satisfy the criteria to be classified as “Professional Clients” as defined under the DFSA rules, and may not be provided or disclosed to any person other than the original recipient, and may not be reproduced or used for any other purpose
Onshore UAE: Bank of Singapore Limited (DIFC Branch) is a branch of Bank of Singapore Limited which is registered in the Dubai International Financial Centre (“DIFC”) in the Emirate of Dubai, United Arab Emirates. Bank of Singapore Limited (DIFC Branch) is licensed by the Dubai Financial Services Authority (“DFSA”). Bank of Singapore Limited (DIFC Branch) is not licensed by the Central Bank of the UAE or the Securities & Commodities Authority, and does not undertake banking or financial services from a place of business in the UAE outside the DIFC. This material is provided for information purposes only, and contains general information which is not specific in any way to any particular investor, investor type, strategy, investment need or other financial circumstance. As such the information contained herein does not constitute financial advice, nor is it intended to influence an investor's decision to invest, and is not a recommendation for the recipient to buy, sell or hold a particular investment or to participate in any particular trading strategy in any jurisdiction, and should not be relied or acted upon by the recipient without first obtaining professional investment advice. This material is only intended for persons who satisfy the criteria to be classified as “Professional Clients” and as “Professional Investors” as defined under DFSA rules and the rulebook of the Securities and Commodities Authority respectively, and may not be provided or disclosed to any person other than the original recipient, and may not be reproduced or used for any other purpose.
