Institutional UTS Advisers (IUTA)

“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 funds	25%
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.

Registration of IUTA

Eligibility for registration of IUTA

Submission for Registration as IUTA

IUTA Fee Structure

List of IUTA