Who qualifies as an institutional investor?
Written by Roohi Taragi
Updated over a week ago

As described under Section 4A of the Securities and Futures Act, an institutional investor is:

  • i. a bank that is licensed under the Banking Act (Cap. 19);

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

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

  • iv. a company or co-operative society that is licensed under the Insurance Act (Cap. 142) to carry on insurance business in Singapore;

  • v. a company licensed under the Trust Companies Act 2005 (Act 11 of 2005);

  • vi. the Government;

  • vii. a statutory body established under any Act;

  • viii. a pension fund or collective investment scheme;

  • ix. the holder of a capital markets services license for:

    a. dealing in securities;
    b. fund management;
    c. providing custodial services for securities;
    d. real estate investment trust management;
    e. securities financing, or;
    f. trading in futures contracts

  • x. a person (other than an individual) who carries on the business of dealing in bonds with accredited investors or expert investors;

  • xi. the trustee of such trust as the Authority may prescribe, when acting in that capacity, or;

  • xii. such other person as the Authority may prescribe

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