From 1st July 2010, you will not be able to invest the first $40,000 in your Special Account. You will have to set aside $40,000 in your Special Account before the remaining savings in their SA can be used for investments.
But you will NOT be required to liquidate your existing CPFIS investments purchased before 1st July 2010, even if the balances in your SA accounts fall below $40,000 respectively.
There is no change to the requirement for members to set aside $20,000 in the Ordinary Account before you can invest your Ordinary Account monies.