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Date : 19
November 2007
To
: All Unit Trust Consultants
From : Lee Kean
Gie
General Manager, Agency Operations Department
_________________________________________________________________________________________________________________________________________
AOD/Sales/lpj/2007/11 - 13
MODE OF ACCEPTANCE OF INVESTMENT
FROM UNITHOLDERS
We have reviewed the current
practice by UTCs on the acceptance of investment from your
customers and would like to inform that, with immediate
effect, all UTCs are to refrain from accepting investment,
including PAI, in the form of cash from your
investors.
Non acceptance of cash will
also eliminate the risk of UTCs carrying cash on behalf of
fundholders.
Investment can be accepted in
any of the following mode :
1)
Cheque
-
The cheques are to be made payable to Public Mutual
Berhad,
followed by the first holder’s
NRIC number for PII or Fund Account
number for PAI.
-
Example :
For PII
Public Mutual Berhad (IC : 600303-03-5333)
For PAI
Public Mutual Berhad (A/C : 01234567-8)
2) Bank
Draft
-
The mode of issuance is similar to cheques.
3) Funds
Transfer within PBB account
- The
investor is allowed to transfer funds from his/her
Savings or
Current account maintained with PBB into the
intended fund.
-
The TT advice or transfer slip or bank-in slip must be
attached
with the investment application form
All UTCs are required to adhere strictly to
the above.
The above will take immediate
effect.
Regards,
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