Security of Funds

Safeguarding Your Money

UOB Kay Hian is regulated by the Monetary Authority of Singapore (MAS). We are subject to the Singapore clients’ monies protection rules prescribed under the Securities and Futures Act and the Securities and Futures (Licensing and Conduct of Business) Regulations.

We are required to set up accounts with banks in Singapore to hold clients’ monies. These accounts are designated as 'Trust Accounts' to distinguish them from other accounts held by UOB Kay Hian. Monies deposited in a trust account are held on trust by UOB Kay Hian for and on behalf of our clients.

We deposit monies received from clients in the trust accounts no later than the business day following the day on which the monies are received, or the day on which UOB Kay Hian is notified of the receipt of such monies, whichever is later.

Clients' monies held in trust accounts are segregated from UOB Kay Hian’s own monies. This ensures that in the event of default by UOB Kay Hian, clients' monies will be returned to the clients rather than being treated as a recoverable asset by UOB Kay Hian’s general creditors.

All monies held on behalf of clients are held in accounts with a diverse range of top-tier banks licensed in Singapore and therefore subject to MAS? supervision.