Corporate UTS Advisers (CUTA)

Discussion and pointing to chart on electronic device

“Corporate UTS Adviser” or “CUTA” means a licensed financial planner registered with FIMM and authorised to market and distributed unit trust schemes of another party.

Registration of CUTA

Eligibility for registration of CUTA

Pursuant to FIMM’s Consolidated Rules, the eligibility requirements for registration as an IUTA is a corporation which is:-

 (1) Is a holder of Capital Market Services License (“CMSL”) to carry out the regulated activity of:

        (a) Financial planning; and

        (b) Dealing in securities or dealing in securities restricted to unit trust schemes; and

(2) Possess a professional indemnity insurance contract that  indemnifies the corporation,its officers and its UTS  Consultants against claims,with a minimum coverage of Ringgit Malaysia Two Hundred Thousand (RM 200,000) at all times.

Submission for Registration as CUTA

For submission of documentation for the application of registration as CUTA, please click here

Guidelines & Regulations and Fees

Title
1) FIMM Consolidated Rules
Download
2) Code of Ethics and Rules of Professional Conduct (Unit Trust Funds)
Download
3) Registration Manual
Download
4) FIMM Apprenticeship Program – Implementation Guide
Download

CUTA Fee Structure

CUTA Application Fee

An application for registration must be accompanied by a non-refundable Application Fees of RM 2,120 ( inclusive GST of 6%) and Annual Fees of RM 530 ( inclusive of GST of 6%)

Cuta Annual Fee

  • CUTA annual fee is payable in January of each year
  • CUTA annual fee is total of:
CUTA (not related to Financial Institution) CUTA (related to Financial Institution)
CUTA Annual Fee RM530 RM21,200
UTS Consultant Factor (per consultant) RM53 RM53
UTS Card Fee (per consultant) RM3.18 RM3.18

Note: “All fees quoted above are inclusive of GST of 6%”

List of CUTA