Dear Mr Tan,
I have come across in your blog various comments as to whether minibonds and other similar products such as High Note, Jubilee Note, were approved by the regulator.
However, MAS stand is that they only registered these products and did not approve them. This brings me to the next question:
Have the FIs involved in the distribution done any product risk assessment before approving the product for selling to the investors? If the answer is no, it is considered serious as such an FI is selling the product without knowing its risk level.
If the answer is yes, then what is the conclusion (whether low risk or high risk) by the respective FI and is the conclusion properly disclose to the investors at the point of selling?
Do you think the investors should raise the above issue with their respective FI?
I think that the investors should ask the distributor to arrange an open forum to discuss these matters to be discussed.
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