Unit Trust Management Companies Companies in Malaysia

Unit trust management companies (UTMCs) in Malaysia are responsible for the management and administration of unit trust schemes. There are currently 41 UTMCs licensed by the Securities Commission Malaysia (SC).

UTMCs play a vital role in the development of the unit trust industry in Malaysia. They are responsible for the management and administration of unit trust schemes, as well as providing advice and education to investors.

UTMCs are required to comply with the Guidelines on Unit Trust Schemes issued by the SC. These guidelines cover various aspects of unit trust schemes, such as their structure, operation, and disclosure requirements.

UTMCs are required to appoint a trustee for each unit trust scheme that they manage. The trustee is responsible for safeguarding the interests of investors and ensuring that the scheme is operated in accordance with its trust deed.

UTMCs are required to disclose material information about the unit trust schemes that they manage, such as the scheme’s investment objectives, fees and charges, and risk factors. They are also required to provide regular updates on the performance of the schemes.

UTMCs are required to maintain adequate financial and operational resources to ensure that they can discharge their responsibilities in a professional and efficient manner.