FAQs (For Consultants)

FAQs (For Consultants)

Criteria to Become a Unit Trust Consultant/Private Retirement Scheme Consultant

Yes, you can register as a Unit Trust Consultant (UTS Consultant) or as a Private Retirement Scheme Consultant (PRS Consultant). The minimum requirement is three (3) credits in SPM or equivalent.

No. You can register as a UTS/PRS Consultant once you have been released from your bankruptcy status.

Computerised Unit Trust Examination (CUTE) & Computerised Private Retirement Scheme Examination (CPRE)

In order to take the CUTE/CPRE Examinations, you must be registered with a Distributor.

You will know whether you have passed or failed the examination immediately after the end of the exam session. For your records, we recommend that you request for a printout of your result from the examination centre.

No. Once your examination session/date is confirmed, no changes can be made. The examination fee will NOT be refunded. If you missed your examination session and wish to sit for the next session, you will have to register for the next examination session and pay the required fee.

You can check with your Distributor on the details of your exam session.

There are three options: Bahasa Malaysia, English, and Chinese.

Continuing Professional Development (CPD)

FIMM CPD Tracker System is an online system which facilitates the registration and approval of FIMM CPD programs. It also allows FIMM members and distributors to upload/update CPD Points collected by Consultants.

Yes, the CPE points awarded by the Securities Industry Development Corporation (SIDC) can be converted into CPD points. The conversion rate is as follows:

5 CPE points = 4 CPD points
10 CPE points = 8 CPD points

You will need to notify the training provider of any missing training information in the CPD Tracker System. Should the issue persist, you may lodge a report to FIMM CPD Secretariat at cpdsecretariat@fimm.com.my.

Yes, but only if you are a NEW Consultant. If you are changing from one Distributor to another, your CPD points requirement will not be pro-rated.

Your CPD points will be calculated on a pro-rata basis as follows:

[Number of month(s) joined / 12 months] x 16 CPD points

Yes, but only if the training provider is a FIMM approved CPD Training Provider.

General Registration Matters

You will need to follow up with your Distributor to ensure that your resignation status is updated accordingly.

You should choose a Distributor whose UTS/PRS products you want to distribute. Approach your chosen Distributor and they will help you with the re-registration process.

Yes, your registration can be transferred to another Distributor. To do so, you will need to resign from your current Distributor and then re-register with a new Distributor.

There may be some pre-requisite CPD requirement when transferring to another Distributor. Please refer to the table below:

 

  From Resignation Date Pre-requisite CPD Requirement
1 Within the calendar year. n/a
2 Cross calendar year but within three (3) years validity:

–       CPD requirement is fulfilled in the previous calendar year.

n/a

 

3 Cross calendar year but within three (3) years validity:

–       CPD requirement is not fulfilled in the previous calendar year

Must acquire 16 CPD points or retake and pass CUTE/CPRE Examination
4 Beyond three (3) years Must retake and pass CUTE/CPRE Examination

No, the SD Form submitted to FIMM must not be more than 12 months from the date of attestation by the Commissioner for Oaths. SD Forms are only required to be submitted once every two years upon renewal of registration.

You can update your address and change any of your personal details through your Distributor.

FIMM Digital Magazine (FIMM e-Zine)

Yes, FIMM e-Zine is free for everyone, especially for Unit Trust Schemes and
Private Retirement Schemes Consultants (“Consultants”) who want to obtain CPD
points.

Four (4) CPD points are available to Consultants who read FIMM e-Zine and
answer all five (5) questions in the questionnaire correctly.

Consultants must answer all five (5) questions correctly to be eligible to obtain the
four (4) CPD points for reading FIMM e-Zine.

Consultants can access the five (5) questions by clicking on the “claim your CPD
points” icon at the contents page and the last page of FIMM e-Zine.

Consultant must answer all five (5) questions correctly to be eligible for the four (4)
CPD points.

Yes, Consultants can answer all the questions again and re-submit the
questionnaire form.

If a Consultant got one answer wrong, he/she will not receive any CPD points. Still,
if a Consultant had indeed read FIMM e-Zine, he/she should be able to answer the
questions correctly

FIMM e-Zine is not only about FIMMAC 2019. There are other topics covered with
the aim of providing more information, knowledge and skill to all readers. If the
Consultant did indeed read FIMM e-Zine, he/she should be able to answer all five
(5) questions correctly.

The feedback questions are not a requirement to obtain the four (4) CPD points,
but they are required to be answered in order to submit the questionnaire form.

No, Consultants will not be notified. Nonetheless, Consultants can check their CPD
points at FIMM’s website in the “Is My Consultant Authorised?” page. FIMM will
update this record on weekly basis.

No, FIMM will not notify. However, Consultants can check their CPD points at
FIMM’s website in the “Is My Consultant Authorised?” page.

Consultant can check their CPD points at FIMM’s website in the “Is My Consultant
Authorised?” page.

FIMM will update the CPD records on weekly basis. Consultants can check their
CPD points at FIMM’s website in the “Is My Consultant Authorised?” page.

Yes, the Consultant still receive the four (4) CPD points as long as his/her NRIC
number is correct. However, the Consultant will still be required to key in his/her
correct information (including FIMM number) in the questionnaire form for our
records.

No. Consultants are required to key in the correct NRIC number in order to get the
CPD points. If the wrong NRIC number is keyed in, FIMM’s CPD Tracker System
will reject the incorrect NRIC number and the Consultant will not be able to obtain
the four (4) CPD points. This is the same practice as the other programs submitted
through FIMM’s CPD Tracker System.

Yes, Consultants can use the old FIMM number if they haven’t received their new
FIMM authorisation card as long as NRIC number is correct. However, the
Consultant must ensure the information is correct to avoid any issues.

Yes. The principal may request, via email, to the Professional Development
Services Department (PDS) to get the list of their Consultants who have obtained
the four (4) CPD points for reading FIMM e-Zine.

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