HOW TO BE A MEMBER AND/OR DISTRIBUTOR
“Member” means a corporation which applies for and is granted Membership of the Federation as provided in Article 6 of the Federation’s Articles of Association.
Eligibility for registration as a Member
Any corporation which is:
- a Unit Trust Manager; or
- a Fund Manager; or
- at the date of application actively engaged in the Investment Management Industry,
may apply for Membership of the Federation.
Please refer to Submission of Application for Registration of UTMC/Admission of Membership for application submission requirements.
Fee
A non-refundable application fee of RM5,000 and annual fee of RM10,000 (a total of RM15,000) must be paid upon the application submission to FIMM.
All cheques should be made payable to:
Federation of Investment Managers Malaysia
“Distributor” means a corporation registered and authorised by FIMM to market and distribute Schemes.
Eligibility for registration as a PRS Provider
A corporation which is:
- approved as a PRS Provider under the CMSA; and
- a holder of a CMSL to carry out the regulated activity of dealing in private retirement schemes
may apply to be registered with the Federation to market and distribute private retirement scheme.
Please refer to Submission of Registrationas PRS Provider for application submission requirements.
Eligibility for registration as an IUTA/IPRA
A corporation which is:
For IUTA
- a holder of a CMSL to carry out the regulated activity of dealing in securities or dealing in securities restricted to unit trust schemes; or
- a financial institution specified as “registered persons” in the Third Column under Item (1)(g) Part 1 of Schedule 4 of the CMSA
For IPRA
- a holder of a CMSL to carry out the regulated activity of dealing in PRS; or
- a financial institution specified as “registered persons” in the Third Column under Item 6 Part 1 of Schedule 4 of the CMSA
may apply to be registered with the Federation to market and distribute unit trust and/or private retirement schemes.
Please refer to Submission of Application for Registration as IUTA/CUTA or Submission of Application for Registration as IPRA/CPRA for application submission requirements.
Eligibility for registration as a CUTA/CPRA
A corporation which:
For CUTA
- is a holder of a CMSL to carry out the regulated activity of:
- financial planning; and
- dealing in securities or dealing in securities restricted to unit trust schemes; and
- 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 (RM200,000) at all times.
For CPRA
- holds a CMSL to carry out the regulated activity of financial planning and dealing in PRS; and
- possess a professional indemnity insurance contract that indemnifies the corporation, its officers and its PRS Consultants against claims, with a minimum coverage of Ringgit Malaysia Two Hundred Thousand (RM200,000) at all times; and/or
- is Insurance and Takaful Brokers which holds a CMSL to carry out the regulated activity of dealing in PRS.
may apply to be registered with the Federation to market and distribute unit trust and/or private retirement schemes.
Please refer to Submission of Application for Registration as IUTA/CUTA or Submission of Application for Registration as IPRA/CPRA for application submission requirements.
Fee
A non-refundable application fee and annual fee must be paid upon the application submission to FIMM:
Note: Kindly refer to the Registration Manual or contact FIMM’s Registration Department for waiver information.
All cheques should be made payable to:
Federation of Investment Managers Malaysia