Points to note for New Correspondence / Residential Address:
- For securities accounts, customers are only required to update the correspondence address of the linked current account.
- P O Box is not allowed for the correspondence address of any investment account.
- P O Box is not allowed for the correspondence address of any credit card or loan account.
- In compliance with the securities dealing restrictions in the USA, the Bank will not accept any address in the USA as the correspondence address of securities accounts and investment fund accounts.
- For change of residential address to an address in the EEA / UK: New regulation on key information documents (KIDS) for packaged retail and insurance-based investment products (Regulation (EU) No. 1286/2014, commonly referred to as the PRIIPs Regulation, came into effect on 1 January 2018. The PRIIPs Regulation impacts DBS Bank (Hong Kong) Limited (“DBS”) ability to continue to offer to retail investors, who are residents (regardless of nationality (country/region)) in the EEA / UK, structured notes and other products that fall within the scope of the PRIIPs Regulation. DBS treats all our clients whose beneficial owners are residents in the EEA / UK as retail investors by default. (Note: For trust accounts, DBS treats all EEA / UK resident settlors as retail investors). Securities account and/or investment fund account, if any, will therefore be blocked from performing all purchase transactions. For more information on the PRIIPs Regulation, please visit the DBS website at https://www.dbs.com.hk. Please contact your Relationship Manager for enquiries.