Thursday, July 24, 2014

The Explanation on Malaysia Unit Trust Wholesale Funds

Any person engaged in dealing, marketing and distribution activities for unit trust funds (including issuance of advertisements and  promotional materials) or online transactions/activities for unit trust funds, should observe and ensure compliance with relevant securities laws and the  guidelines. For furhter details, please refer to the www.sc.com.my

“unit trust scheme” means any arrangement made for the purpose, or having the effect, of providing facilities for the participation of persons as beneficiaries under a trust in profits or income arising from the acquisition, holding, management or disposal of–
(a) securities;
(b) futures contracts; or
(c) any other property;

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