Regulation 33

any designated investment product (within the meaning of section 34(7) of the Act) to any of the following: (i)an accredited investor; (ii)an ex-accredited investor who is an existing customer of the licensed financial adviser or exempt financial adviser (as the case may be) but only in respect of the provision of the financial advisory service by the licensed financial adviser, the exempt financial adviser, or any of its appointed or provisional representative (as the case may be) in the period from 8 October 2018 to 7 April 2019 (both dates inclusive); or

any designated investment product (within the meaning of section 34(7) of the Act), that is a capital markets product, to an expert investor.

an institutional investor;

a related corporation of the licensed financial adviser or exempt financial adviser, as the case may be;

a person who is connected to the licensed financial adviser or exempt financial adviser, as the case may be; or

an approved headquarters company or approved Finance and Treasury Centre which carries on business involving the provision of all or any type of financial advisory service, where such business has been approved as a qualifying service in relation to that headquarters company or Finance and Treasury Centre under section 43D(2)(a) or 43E(2)(a) of the Income Tax Act 1947, as the case may be.