More financial institutions can be guarantors for guaranteed funds
SC issues guidance note to unit trust guidelines

More financial institutions will be able to act as guarantors for guaranteed funds with the release today of Guidance Note 1 of the Securities Commission’s (SC) Guidelines on Unit Trust Funds.

The introduction of Guidance Note 1 is aimed at promoting the growth of the unit trust industry by allowing a larger pool of Malaysian incorporated licensed banks and licensed merchant banks to act as guarantors for guaranteed funds.

Guidance Note 1 is available on the SC website here.

28 APRIL 2004