“Institutional UTS Adviser” or “IUTA” means a corporation registered with FIMM and authorised to market and distribute unit trust schemes of another party.
Registration of IUTA
Eligibility for registration of IUTA
Pursuant to FIMM’s Consolidated Rules,the eligibility requirements for registration as IUTA is a corporation which is:-
(1) A holder of a Capital Market Services License (“CMSL”) to carry out the regulated activity of dealing in securities or dealing in securities restricted to unit trust schemes ; or
(2) A financial institution specified as “registered persons” in Third Column under item (1)(g) part 1 of Schedule 4 of the Capital Market Services Act (“CMSA”).
Submission for Registration as IUTA
For submission of documentation for the application of registration as IUTA, please click here
IUTA Fee Structure
IUTA Application Fee
An application for registration must be accompanied by a non-refundable Application Fees of RM 1,325 (inculsive of GST 6%) and Annual Fees of RM 10,600 (inclusive of GST 6%)
IUTA Annual Fee
- For IUTA which are Members: IUTA fee is not applicable
- For IUTA which are not Members: IUTA Fee is correlated to the sales made by IUTA during the preceding year based on a prescribed scale
- Minimum Annual IUTA Fee: RM10,600 ( inclusive of GST 6%)
- The IUTA annual fee is payable in January of each year
- IUTA Annual Fee is the total of:
- UTS Consultant Factor: RM53 (inclusive of GST 6%) per UTS consultant
- UTS Consultant Card Fee: RM3.18 (inclusive of GST 6%) per UTS Consultant, and
- IUTA Sales factor (below)
TOTAL ANNUAL SALES ANNUAL FEE (RM) A. sales < 250 mil 10,000 RM 250 mil ≤ A. sales < RM 500 mil 20,000 RM 500 mil ≤ A. sales < RM 1,000 mil 40,000 RM 1,000 mil ≤ A. sales < RM 2,000 mil 60,000 RM 2,000 mil and above 80,000 All fees quoted above are subject to GST of 6%
- The above Sales factor is subject to the following:
FUND CATEGORY PARTICULARS SALES FACTOR Normal load funds Include normal-load funds that are charging maximum front-end and/or back-end charges of 3% and above, such as equity funds and mixed asset funds 100% Low load funds Include low-load funds that are charging maximum front-end and/or back-end charges of less than 3%
such as fixed-income or bond funds and capital guaranteed/protected funds25% No-load funds Include no-load funds such as money market funds and other funds that are not imposing any front-end and/or back-end charges 0% - The number of category as well as the threshold (sales levy) for respective category are subject to annual revision by the Board of Directors.
List of IUTA
- Affin Bank Berhad
- Amanahraya Investment Management Sdn Bhd
- AmBank Islamic Berhad
- Affin Hwang Asset Management Berhad
- Al Rajhi Banking & Investment Corporation (Malaysia) Berhad
- Alliance Bank (Malaysia) Berhad
- Alliance Islamic bank Berhad
- Amanah Saham Nasional Berhad
- AmBank Berhad
- AmInvestment Bank Berhad
- AmFunds Management Berhad
- AIIMAN Asset management Sdn Bhd
- Apex Investment Services Berhad
- Areca Capital Sdn Bhd
- Bank Islam Malaysia Berhad
- Bank Kerjasama Rakyat Malaysia Berhad
- Bank Muamalat Malaysia Berhad
- Bank of China Malaysia Berhad
- Bank Simpanan Nasional
- CIMB Bank Berhad
- CIMB Investment Bank Berhad
- CIMB Islamic Bank Berhad
- Citibank Berhad
- KAF Investment Funds Berhad
- Kenanga Investors Bhd
- Hong Leong Bank Berhad
- Hong Leong Islamic Bank Berhad
- HSBC Bank (Malaysia) Berhad
- HSBC Amanah Malaysia Berhad
- iFAST Capital Sdn Bhd
- Industrial and Commercial Bank of China (Malaysia) Berhad
- Kenanga Investment Bank Berhad
- Kuwait Finance House (M) Berhad
- Malayan Banking Berhad
- Maybank Islamic Berhad
- MBSB Bank Berhad
- OCBC Al-Amin Berhad
- OCBC Bank (Malaysia) Berhad
- Pacific Mutual Fund Berhad
- Phillip Mutual Berhad
- PMB Investment Berhad
- Principal Asset Management Berhad
- Public Bank Berhad
- RHB Bank Berhad
- RHB Investment Bank Berhad
- RHB Asset Management Sdn Bhd
- RHB Islamic Bank Berhad
- Standard Chartered Bank (Malaysia) Berhad
- Standard Chartered Saadiq Berhad
- TA Investment Management Berhad
- United Overseas Bank (Malaysia) Berhad
- UOB Asset Management (Malaysia) Berhad
- UOB Kay Hian Securities (M) Sdn Bhd