SINGAPORE, Dec 19 (Reuters) - Buying a mutual fund in Singapore may not be a cakewalk anymore.
Under new investor-protection rules that take effect Jan 1, investors in the tightly controlled city-state must possess certain educational qualifications related to finance or have relevant work or trading experience to buy funds directly.
Those who fail to meet the Monetary Authority of Singapore's (MAS) requirements must take a series of on-line tutorials on the Singapore Exchange website, and answer the questions correctly in order to qualify to buy the funds, in what could be a first for investors anywhere in the world. Full story
