“Unit Trust Scheme Consultant” or “UTS Consultant” means an individual who is duly registered with the Federation of Investment Managers Malaysia to market and distribute UTS .
Registration of UTS Consultant
Eligibility for registration of UTS Consultant
Any person who meets the following requirements is eligible to register as a Unit Trust Scheme Consultant (UTS Consultant):
- Must be 21 years old or above;
- Must obtain credits in any three (3) subjects in SPM or equivalent or academic qualification (s) higher than SPM;
- Must be fit and proper;
- The person must sign a statutory declaration attesting to the above attributes and must not be in breach of the signed statutory declaration at all times.
- Upon satisfying the requirements, the person must pass the Computerised Unit Trust Examination (CUTE) before being authorised to market and distribute UTS. A person who does not satisfy the basic requirements will not be registered to sit for the CUTE.
Submission for Registration as UTS Consultant
Application to be a registered Unit Trust Scheme Consultant (UTS Consultant),must be made through the respective UTMCs, IUTAs or CUTAs. Please note that the documentation listed below may not be exhaustive as each UTMC, IUTA or CUTA may have additional mandatory documentation.
Registration for the CUTE and as a UTS Consultant
For an applicant who has not taken or passed the CUTE, the registration process encompasses both the registration to sit for the CUTE and the registration to be a UTS Consultant. Upon passing the CUTE, FIMM will then process the applicant’s registration to be a UTS Consultant.
For submission of documention for the application of registration as UTS consultant, Please click here
Sighting of the documentary evidence of minimum education, ie SPM certificate or its equivalent is the sole responsibility of the UTMCs, IUTAs and CUTAs. Please refer to the respective UTMCs, IUTAs or CUTAs for the CUTE locations and timetable.
Submission to FIMM must be done with complete documentation.
Registration of Former UTS Consultant and Variation of Registration of UTS Consultant.
- Registered UTS Consultant must resign from their current company before they are allowed to register with a new company.
Registration of Former UTS Consultant or Variation of Registration of UTS Consultant may be required to fulfil additional requirements prior to being allowed to rejoin the unit trust industry if they have been inactive for more than 1 year from the date of non-renewal, resignation or termination, whichever is earlier.
- For submission of the documentation for Registration of former UTS Consultant or Variation of Registration of UTS consultant please click here.
The company which is registering the former UTS Consultant may request for other documents such as the FIMM certificate for verification purposes.
Submissions to FIMM must be done with complete documentation
Rules And Regulations For UTS Consultant
Registration as a Unit Trust Scheme Consultant (UTS Consultant) requires compliance with all clauses under the Minimum Standards for Registration of UTS Consultant, as stipulated in the “Guidelines on Marketing and Distribution of Unit Trust Funds” issued by the Securities Commission, including the requirement to pass the CUTE prior to registration.
Code Of Ethics And Standards of Professional Conduct For The Unit Trust
The registered UTS Consultant must comply with all the provisions of the Code Of Ethics And Standards Of Professional Conduct For The Unit Trust Industry at all times.
APPLICATION FOR REGISTRATION AS A UTS Consultant
|TYPE OF FEES||AMOUNT (RM)|
|CUTE Fee (First time and resit)||170.00|
|Registration Of Former UTS consultant Fee**||73.00|
|Exemption Fee (in respect of individual exempted from having to sit for the CUTE)||73.00|
|Replacement or correction of FIMM Authorisation Card||6.00|
|Replacement or correction of certificate issued by FIMM relating to CUTE||6.00|
** Not Applicable to consultants who have paid the annual fee at the point of renewal.