How to Maintain Account Benefits After Your Individual Accredited Investor Status Expires?

The Individual Accredited Investor account is valid for one year and requires the customer to submit a renewal application. If your account has expired, you may either renew your accredited investor status or downgrade to an Individual Retail Investor account.

 

*Note: Downgrading to an Individual Retail Investor will affect your withdrawal limit. The daily withdrawal limit for Individual Retail Investors varies depending on your risk level.

 

The renewal or downgrade process is as follows:

1. Go to the Identity Verification page and click "Update Now".

2. Select "Accredited Investor Renewal" or "Downgrade to Retail User".

2.1 If you choose "Accredited Investor Renewal", you need to select "Declaration of Accredited Investor Status" and "Proof Document Type" and upload the relevant proof of assets documents.

*Note:

An accredited investor is a high-net-worth individual who meets any of the following criteria:

Personal Income - Income in the preceding twelve (12) months is not less than S$300,000 (or its equivalent in a foreign currency)	1.A copy of your payslip 2.A copy of your employment contract stating your position and income
Net Personal Assets - I'm an individual whose net personal assets exceed S$2 million (or its equivalent in a foreign currency) of which the net value of the investor's primary place of residence can only contribute up to S$1 million	1.Your latest bank account statement or CPF 2.Your latest statement of holdings from CDP or brokerage firm(s) 3.A copy of the title deed of your primary residence
Net Financial Assets - I am an individual whose net financial assets (net of any related liabilities) exceed S$1 million (or its equivalent in a foreign currency)	1.A deposit as defined in section 4B of the Banking Act (Cap.19) 2.An investment product as defined in section 2(1) of the Financial Advisers Act (Cap. 110) 3.Any other asset prescribed as a "Financial Asset" for purposes of establishing accredited investor status by MAS

Upon receiving all required information and documents, HashKey OTC will review the submission and provide feedback to the applicant via email. Depending on the sufficiency of the information provided, HashKey OTC may request additional supporting information.

 

2.2 If you choose to "Downgrade to Retail User", you must complete the "Client Investment Risk Assessment Questionnaire" and the "Digital Asset Knowledge Assessment" to downgrade to an individual retail investor.