PWM Asia is a business division of MSBAL, a licensed bank authorized and regulated by the Hong Kong Monetary Authority whose headquarters are at Level 31, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong. MSBAL (central entity number: BDM672) is also registered with the Securities and Futures Commission of Hong Kong to carry on business in Type 1 (dealing in securities), Type 2 (dealing in futures contracts), Type 4 (advising on securities) and Type 9 (asset management) regulated activities. MSBAL, Singapore branch is a wholesale bank licensed by the Monetary Authority of Singapore under the Banking Act 1970 of Singapore and exempt from holding a capital markets services licence in respect of carrying on business in a regulated activity under the Securities and Futures Act 2001 of Singapore and from holding a financial adviser’s licence in respect of the provision of financial advisory services under the Financial Advisers Act 2001 of Singapore. Please be aware that MSBAL is not authorized or licensed in any other jurisdiction for the provision of the products and services available through this application. (2) This PWM Asia mobile application is not intended for distribution, download or use by any person based in a jurisdiction where the distribution, download or use of this application is prohibited by the applicable regulations of such jurisdiction; certain products and services provided through this application may also be limited pursuant to the applicable regulations of such jurisdiction. (3) Access to research materials from Morgan Stanley is subject to eligibility assessment and approval.