Regulatory Alerts2024-10-01
Summary of Amendments to Revised Guidelines on Unit Trust Funds
The Securities Commission Malaysia issued revised Guidelines on Unit Trust Funds on 1 October 2024 to consolidate requirements previously found in repealed Online Transactions and Marketing Guidelines. The amendments broaden disclosure obligations regarding unit split exercises and insert new guidance to ensure unit holders receive sufficient information on the impact of such splits on their investments. Additionally, the revision clarifies the appropriateness of fund names and incorporates existing reporting standards into the regulatory framework.
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