Singapore’s central bank will ease some rules governing the sale of complex investment products to retail investors, as regulators seek to balance investor protection with growing demand for self-directed investing platforms and digital financial services.
The Monetary Authority of Singapore (MAS) said it will proceed with plans to remove the mandatory financial advice requirement for most retail investors purchasing complex products, while retaining stricter safeguards for customers deemed to require additional protection.
The changes follow a public consultation launched in 2025 on proposed enhancements to Product Highlights Sheets (PHS) and reforms to the distribution framework for complex products.
Under the revised framework, retail investors will receive enhanced disclosure documents designed to highlight key product features and risks more clearly.
Financial institutions will also be required to issue pre-transaction alerts reminding customers to assess whether a product suits their financial circumstances or to seek professional advice before investing.
