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Accredited Investors are:

Individuals

i. Net personal assets exceed S$2,000,000 (or its equivalent in a foreign currency) in value, of which no more than S$1,000,000 (or its equivalent in a foreign currency) in value is contributed by the net estimated fair market value of his/her primary residence.

ii. Financial assets (net of any related liabilities) exceed S$1,000,000 in value (or its equivalent in a foreign currency).

iii. Income in the preceding twelve (12) months is not less than S$300,000 (or its equivalent in a foreign currency).

Corporates

i. Net assets exceed S$10,000,000 (or its equivalent in a foreign currency) as determined by 

(a) its most recent audited balance-sheet or 

(b) where the Applicant is not required to prepare audited accounts regularly, its balance-sheet certified by the Applicant as giving a true and fair view of its state of affairs as of the date of the balance-sheet (which date is within the twelve (12) months preceding the date of submitting the Application Form).

ii. Entire share capital is owned by one or more persons, all of whom are accredited investors as defined in section 4A of the Securities and Futures Act

 Expert Investors are:

i. persons whose business involves the acquisition and disposal, or the holding, of capital markets products, whether as principal or agent;

ii. the trustee of such trust as the MAS may prescribe, when acting in that capacity; or

iii. such other person as the MAS may prescribe 

 .Institutional Investors are:

i. the Government of Singapore;

ii. a statutory board as may be prescribed by regulations made under Section 341 of the Securities and Futures Act;

iii. an entity that is wholly and beneficially owned, whether directly or indirectly, by a central government of a country and whose principal activity is —

(A) to manage its own funds;  

(B) 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

(C) 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;

iv. any entity —

(A) that is wholly and beneficially owned, whether directly or indirectly, by the central government of a country; and

(B) whose funds are managed by an entity that is wholly and beneficially owned, whether directly or indirectly, by a central government of a country and whose principal activity is —

1. to manage its own funds;
2. 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
3. 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;

v. a central bank in a jurisdiction other than Singapore;

vi. a central government in a country other than Singapore;

vii. an agency (of a central government in a country other than Singapore) that is incorporated or established in a country other than Singapore;

viii. a multilateral agency, international organisation or supranational agency as may be prescribed by regulations made under Section 341;

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

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

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

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

xiii. a company licensed under the Trust Companies Act (Cap. 336);

xiv. a holder of a capital markets services licence;

xvi. an approved exchange;

xvii. a recognised market operator;

xviii. an approved clearing house;

xix. a recognised clearing house;

xx. a licensed trade repository;

xxi. a licensed foreign trade repository;

xxii. an approved holding company;

xxiii. a Depository as defined in Section 81SF of the Securities and Futures Act;

xxiv. 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 this Act, the Banking Act (Cap. 19), the Finance Companies Act (Cap. 108), the Monetary Authority of Singapore Act (Cap. 186), the Insurance Act (Cap. 142), the Trust Companies Act (Cap. 336) or such other Act as may be prescribed by regulations made under Section 341 of the Securities and Futures Act;

xxv. a pension fund, or collective investment scheme, whether constituted in Singapore or elsewhere;

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

xxvii. the trustee of such trust as the Monetary Authority of Singapore may prescribe, when acting in that capacity; or

xxviii. such other person as the Monetary Authority of Singapore may prescribe.  

As a regulated financial institution, Dicree Pte. Ltd. (“Dicree”; “we”; “us”) is required under Singapore law to inform you of certain things before you confirm whether you wish to opt in to being treated by us as an accredited investor (“AI”) as defined in section 4A(1)(a) of the Securities and Futures Act (the “SFA”) and regulation 2 of the Securities and Futures (Prescribed Specific Classes of Investors) Regulations 2018 (the “SFCIR”).

Please therefore note that:

i. based on the information you have provided to us, we have assessed you to be an “accredited investor” as defined in the SFA or the SFCIR as applicable;

ii. you may, but are not obliged to, consent to being treated by us as an AI in relation to all your dealings with Dicree;

iii. if you consent to the treatment outlined in paragraph 1(b) above, you may withdraw this consent at any time.

Please note that should you consent to being treated as an AI by us, you will have fewer regulatory protections than retail investors will have under Singapore law.This is because under Singapore law, AIs are deemed to be sufficiently knowledgeable or experienced in managing their financial affairs (whether directly or through professional advice); better able to access resources to protect their own investment interests, and therefore suitably well-placed to understand and manage investment risks.The Singapore legal regime therefore accords fewer regulatory protections and statutory remedies to AIs than to retail investors.

Should you consent to being treated as an AI by us, we:

i. will be allowed to assume that you have an adequate level of understanding of financial products for purposes of participating in investment opportunities available on our platform;

ii. will not be obliged to determine your precise level of understanding of, or suitability for, such products under any circumstances;

iii. and will be allowed to assume that you have sought independent professional (including legal, financial, and tax) advice prior to purchasing any financial instrument or participating in any investment opportunity through us.

  AIs are assumed to be better informed, and better able to access resources to protect their own interests, and therefore require less regulatory protection. Investors who agree to be treated as AIs therefore forgo the benefit of certain regulatory safeguards.

 Your consent to being treated as an accredited investorIn proceeding with this process, you confirm that you have read the above in full and:
i. are aware of and understand the consequences of consenting to being treated as an AI by Dicree;
ii. consent to being treated as an AI by Dicree;
iii. know that you may at any time inform Dicree that you no longer consent to being treated as an AI by Dicree;
iv. and are aware of and understand the consequences of withdrawing your consent to being treated as an AI by Dicree.‍
You further represent and warrant that the information, documents, and confirmations you provide to us in relation to your AI status and your consent to being treated by us as an AI are complete, true, and accurate.
If there is any change in circumstances that may affect (i) any of the declarations or representations made to us or (ii) your ability to meet the requirements of an AI under Singapore law, you undertake to inform Dicree within five (5) business days of each such change in circumstances.
If any such change cannot be suitably remedied, you acknowledge and accept that Dicree has full discretion to decide to refrain from treating you as an AI.   

 You may withdraw your consent to being treated as an AI by Dicree at any time during your relationship with us. We will cease to treat you as an AI within five (5) business days of receiving notice of your withdrawn consent. Please note that such withdrawal of consent may mean that we will need to treat you as a retail investor. If that is the case, the amount of information we can share with you, including information on investment opportunities on our platform, will be limited. Your activities on our platform will also be limited. You will not, for example, be able to see full details of fundraising companies or participate in any investment opportunity.

This restriction is because we are licensed to deal only with persons who qualify as AIs or institutional investors under Singapore law.If you withdraw your consent, you will be unable to access the full set of resources and information on our platform unless you (i) opt in once more to being treated as an AI or (ii) inform us that you wish to qualify as an institutional investor (as defined in section 4A(1)(c) of the SFA or regulation 4 of the SFCIR) instead.