Regulatory Alerts2020-08-14
Added · Updated
Directive on Qualification Framework for Unit Trust Industry
Licensed unit trusts managing companies must ensure that employees dealing with clients or marketing unit trust products comply with the revised Capital Market Qualification Framework effective 1 September 2020. Individuals must obtain the Certificate in Unit Trusts by completing specific series, and those with six months of experience must pass a VIVA VOCE examination to become Certified Unit Trusts Advisors. All Certified Unit Trusts Advisors are required to fulfill annual continuous professional development obligations, with the qualification becoming mandatory for all relevant employees by 1 January 2022.
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