If the customer does not open the account in person, a Trading Member should take suitable steps to verify the customer's identity. The Trading Member may employ one or more of the following means to establish the customer's identity:
(a) Accept account opening forms that are certified by:
(i) a Justice of Peace, a commissioner for oaths, a notary public, or an advocate and solicitor;
(ii) members of other securities exchanges that have established information sharing agreements with SGX-ST; or
(iii) branches of banks in which the customer holds a banking account.
A Trading Member should verify the certification, for example through direct telephone contact with persons performing the certification.
(b) Establish telephone contact with the customer on an independently verified home or business number;
(c) With the customer's consent, contact the personnel department of the customer's employer on a listed business number to confirm his employment; or
(d) Obtain from the customer statements from a bank, the Central Provident Fund Board, income tax authority or such equivalent authority.
Added on 3 June 20193 June 2019.