“Unit Trust Scheme Consultant” or “UTS Consultant” means an individual who is duly registered with the Federation of Investment Managers Malaysia to market and distribute UTS .
Registration of UTS Consultant
Eligibility for registration of UTS Consultant
Any person who meets the following requirements is eligible to register as a Unit Trust Scheme Consultant (UTS Consultant):
- Must be 21 years old or above;
- Must obtain credits in any three (3) subjects in SPM or equivalent or academic qualitification (s) higher than SPM;
- Must be fit and proper;
- The person must sign a statutory declaration attesting to the above attributes and must not be in breach of the signed statutory declaration at all times.
- Upon satisfying the requirements, the person must pass the Computerised Unit Trust Examination (CUTE) before being authorised to market and distribute UTS. A person who does not satisfy the basic requirements will not be registered to sit for the CUTE.
Submission for Registration as UTS Consultant
Application to be a registered Unit Trust Scheme Consultant (UTS Consultant),must be made through the respective UTMCs, IUTAs or CUTAs. Please note that the documentation listed below may not be exhaustive as each UTMC, IUTA or CUTA may have additional mandatory documentation.
Registration for the CUTE and as a UTS Consultant
For an applicant who has not taken or passed the CUTE, the registration process encompasses both the registration to sit for the CUTE and the registration to be a UTS Consultant. Upon passing the CUTE, FIMM will then process the applicant’s registration to be a UTS Consultant.
For submission of documention for the application of registration as UTS consultant,Please click here
Sighting of the documentary evidence of minimum education, ie SPM certificate or its equivalent is the sole responsibility of the UTMCs, IUTAs and CUTAs. Please refer to the respective UTMCs, IUTAs or CUTAs for the CUTE locations and timetable.
Submission to FIMM must be done with complete documentation.
Registration of Former UTS Consultant and Variation of Registration of UTS Consultant.
- Registered UTS Consultant must resign from their current company before they are allowed to register with a new company.
Registration of Former UTS Consultant or Variation of Registration of UTS Consultant may be required to fulfil additional requirements prior to being allowed to rejoin the unit trust industry if they have been inactive for more than 1 year from the date of non-renewal, resignation or termination, whichever is earlier.
- For submission of the documentation for Registration of former UTS Consultant or Variation of Registration of UTS consultant please click here.
The company which is registering the former UTS Consultant may request for other documents such as the FIMM certificate for verification purposes.
Submissions to FIMM must be done with complete documentationGo to Top
Rules And Regulations For UTS Consultant
Registration as a Unit Trust Scheme Consultant (UTS Consultant) requires compliance with all clauses under the Minimum Standards for Registration of UTS Consultant, as stipulated in the “Guidelines on Marketing and Distribution of Unit Trust Funds” issued by the Securities Commission, including the requirement to pass the CUTE prior to registration.
Code Of Ethics And Standards of Professional Conduct For The Unit Trust
The registered UTS Consultant must comply with all the provisions of the Code Of Ethics And Standards Of Professional Conduct For The Unit Trust Industry at all times.Go to Top
APPLICATION FOR REGISTRATION AS A UTS Consultant
|Type Of Fees||Amount (RM)|
|CUTE Fee (First time and resit)||170.00|
|Registration Of Former UTS consultant Fee**||73.00|
|Exemption Fee (in respect of individual exempted from having to sit for the CUTE)||73.00|
|Replacement or correction of FIMM Authorisation Card||6.00|
|Replacement or correction of certificate issued by FIMM relating to CUTE||6.00|
** Not Applicable to consultants who have paid the annual fee at the point of renewal.Go to Top
|Alor Setar||View Details|
|Johor Bahru||View Details|
|Kota Bharu||View Details|
|Kota Kinabalu||View Details|
|Kuala Lumpur 1||View Details|
|Kuala Lumpur 2||View Details|
|Kuala Lumpur 3||View Details|
|Kuala Terengganu||View Details|
|Petaling Jaya 2||View Details|
|Petaling Jaya 3||View Details|
Study Guide Update
Introduction of CUTE
Entrusted by the Securities Commission, FIMM is the sole institution which organises the examination which qualifies individuals to market and distribute unit trusts. Unit trusts qualification examinations started in 1999 using the manual format and have since progressed to a computerised, web-based examination known as CUTE. Candidates must thus have a fair knowledge on the usage of a computer before attempting the examination. Candidates are required to answer 60 multiple choice questions within two hours. It is mandatory that candidates pass the CUTE before they market and distribute unit trusts.
The first CUTE session commenced 22 July 2004 with the manual examination being conducted concurrently until October 2004. Starting November 2004, CUTE was fully implemented.
The CUTE sessions are conducted regularly in the Klang Valley and major cities or towns in Peninsular Malaysia, Sabah and Sarawak. The CUTE schedule and locations can be viewed by clicking on this link.
Chapter 1 – Understanding Unit Trusts
Chapter 2 – Regulation of the Unit Trust Industry
Chapter 3 – Servicing Clients and Marketing Unit Trusts
Chapter 4 – Industry Code of Ethics and Standards of Professional Conduct
Chapter 5 – Personal Financial Planning
Chapter 6 – Operations of Syariah-based Unit Trust Schemes
Chapter 7 – Glossary
The study manual for CUTE can be obtained from the company with which the candidate registers for the examination.
CUTE is conducted in Bahasa Melayu, English and Chinese. Candidates are able to obtain the results of the examination immediately after each session. However, they are not allowed to market and distribute unit trusts until receipt of FIMM’s final confirmation on the examination results.Go to Top