Enclosed here with the latest guide from FIMM with regards to Investment In Unit Trust & PRS.

Dear All coustomers,

 Enclosed herewith the latest guide from FIMM with regards to Investment In Unit Trust & PRS.

 Content of the circular:

 We would like to bring to your attention to Clauses 2.4.5 and 3.3.5 of FIMM’s Code of Ethics and Rules of Professional Conduct, on the payment for investment in unit trust schemes (“UTS”) and private retirement schemes (“PRS”).

In order to strengthen the element of investor protection, all UTS / PRS Distributors are reminded to ensure the following are adhered to at all times:

1)    UTS / PRS Consultant should neither accept cash nor have it credited into their personal bank accounts from investors for purposes of investment in UTS/PRS. In addition, UTS / PRS Distributors should not accept cheques that are made in the name of investors for purposes of investment in UTS / PRS;

 
2)    Investors must be advised to ensure the cheques are made in the name of Kenanga Investors Berhad, and for the benefit of investors by including the following information on the reverse of the cheque;

 

a)    Investor’s name and identification card number or account number (if any) (for individual investors); OR

 b)    Name and company registration number or account number (if any) (for corporate investors); and

  

Should you requie further information kindly contact your adviser for assistance

 

Thank You.