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Covers collective investment schemes in Malaysia, including investment-linked funds, industry size, ecosystem participants, and CIS milestones. Explains UTS and PRS fundamentals, mechanics, Shariah-compliant features, fund categories, benefits and disadvantages, and investor risk awareness. Provides an overview of the regulatory framework, marketing and distribution practices, required disclosures, and ethics principles, plus extensive practice questions.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/fimm-combined-examination-fce-study-guide/393723/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/fimm-combined-examination-fce-study-guide/393723.png","ImageObject",300,407,{"name":92,"@type":93},"Noah","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-10","2026-09-26",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",23,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What topics are covered in the guide about collective investment schemes in Malaysia?","Question",{"text":113,"@type":114},"It covers introductions to CIS, classification, investment-linked funds, industry size, CIS ecosystem participants, and milestones in CIS development, followed by practice questions.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"How does the guide explain UTS and PRS, including their risks and Shariah-compliant aspects?",{"text":118,"@type":114},"It explains UTS and PRS as investments, the mechanics of investing through schemes, similarities and differences, Shariah-compliant schemes, and fund types. It also addresses benefits and disadvantages and discusses investors’ awareness and perceptions of risks.",{"name":120,"@type":111,"acceptedAnswer":121},"What does the guide include about regulations, marketing/distribution, and ethics?",{"text":122,"@type":114},"It provides an overview of the regulatory framework and roles of regulators and FIMM, including relevant legislation and requirements. It also covers marketing and distribution processes, disclosures, purchases and repurchases, and ends with the code of ethics, compliance concepts, and core principles.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},393723,1791120320,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":140,"language":141,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":142,"faqs":143,"seo_title":144,"seo_description":67,"update_tm":145,"read_time":146,"preview_page_count":4},8796095462418,"https://ap-avatar.wpscdn.com/avatar/80000253c1241d02b47?x-image-process=image/resize,m_fixed,w_180,h_180&k=1778826106357471780","FIMM Combined Examination (FCE) Study Guide  \nPublisher:  \nFederation of Investment Managers Malaysia  \n(Company No. 199301017839 (272577-P))  \n19-06-1, 6th Floor, Wisma Wisma Capital A, 19, Lorong Dungun, Damansara Heights, 50490 Kuala Lumpur  \nTel : 03-2093 2600  \nFax : 03-2093 2700  \n[Email : info@fimm.com.my](Email : info@fimm.com.my)  \n[Website : www.fimm.com.my](Website : www.fimm.com.my)  \nCopyright © 2025 by Federation of Investment Managers Malaysia  \nISBN : []  \nPerpustakaan Negara Malaysia Cataloguing-in-Publication Data  \nAll Rights Reserved  \nNo part of this publication may be produced or utilised in any form or by any means electronic, mechanical, or electro-mechanical including photocopying, recording or by any information storage or retrieval systems now known or hereafter invented, without the prior expressed written permission of the author and publisher. Application for permission for use of copyright material including permission to reproduce extracts in other published works shall be made to the author. Full acknowledgement of the author must be given.  \nDisclaimer  \nWe reserve the right to make changes and updates without prior notice. Whilst every effort has been made to ensure that this publication is accurate, the publisher and author do not accept any responsibility whatsoever for any error of fact, omission, interpretation or opinion that may be present, however it may have occurred. This publication is intended as a general guide only and should not be treated as a substitute for specific advice on any of the items covered.  \nCONTENTS  \nPREFACE vii  \nCHAPTER 1 – UNDERSTANDING COLLECTIVE INVESTMENT SCHEMES IN  \nMALAYSIA  \nLearning Objectives & ICF Competency Level 1-1  \nIntroduction on CIS 1-2  \nClassification of CIS 1-3  \nInvestment-Linked Funds are Not UTS 1-6  \nSize of the Malaysian Fund Management Industry 1-7  \nParticipants of the CIS Ecosystem 1-8  \nHistory of CIS: Milestones and Development Catalyst for UTS and PRS 1-12  \nPractice Questions 1-14  \nCHAPTER 2 – INTRODUCTION TO UTS AND PRS  \nLearning Objectives & ICF Competency Level 2-1  \nUTS and PRS as an Investment 2-2  \nThe Mechanics of Investing in UTS and PRS (Scheme) 2-2  \nSimilarities and Differences Between UTS and PRS 2-4  \nShariah-Compliant Schemes 2-4  \nTypes of Funds / Fund Categories 2-5  \nMethods of Investing 2-11  \nBenefits of Investing in the Schemes 2-12  \nDisadvantages of the Schemes 2-18  \nInvestors’ Awareness of Risks 2-19  \nUnderstanding Risks and Perception of Risks 2-20  \nRisks of Investing in the Schemes 2-21  \nRisks associated with Shariah-Compliant Schemes 2-23  \nThe role of Shariah Advisory Council of the SC 2-24  \nPractice Questions 2-25  \nCHAPTER 3 – REGULATORY FRAMEWORK  \nLearning Objectives & ICF Competency Level 3-1  \nOverview of the Regulatory Framework 3-2  \nRole of the Securities Commission Malaysia over the 3-3  \nUTS and PRS Industry  \nRole of Other Regulators 3-4  \nRole of Federation of Investment Managers Malaysia 3-5  \nLegislations, Regulations and Relevant Guidelines 3-5  \nIssued by SC  \nRegulations Issued by FIMM 3-7  \nAdditional Applicable Guideline for IUTA and IPRA 3-8  \nRegulation of the Scheme Providers 3-9  \nOversight Functions 3-12  \nDeed of Schemes 3-15  \nProspectus of UTS and Disclosure Documents of PRS 3-16  \nGeneral requirements for a Scheme’s Product Highlights Sheet 3-18  \nGuidance on Drafting Prospectuses, Disclosure Documents and PHS 3-19  \nRequirements Relating to Advertising 3-20  \nPortfolio Constraints 3-20  \nGeneral Characteristics of UTS and PRS Investments 3-21  \nRegulation of Scheme Trustee 3-24  \nRegulation of Marketing and Distribution of UTS and PRS 3-28  \nCategories of Scheme Distributors and Consultants 3-29  \nDistribution and Collection Points 3-29  \nAgency Structure 3-29  \nThe Need to Regulate Consultants 3-32  \nEligibility Requirement for Registration as Consultants 3-33  \nDuration of Registration of Consultants 3-34  \nVariation to Registration of Consultants 3-35  \nDeregistr","cbCain2WNKtR29lQ","https://ap.wps.com/l/cbCain2WNKtR29lQ","pdf",6840061,284,"English","# Preface\n# Chapter 1 - Understanding Collective Investment Schemes in Malaysia\n## Learning Objectives & ICF Competency Level 1-1\n## Practice Questions\n# Chapter 2 - Introduction to UTS and PRS\n## Learning Objectives & ICF Competency Level 2-1\n## Practice Questions\n# Chapter 3 - Regulatory Framework\n## Learning Objectives & ICF Competency Level 3-1\n## Practice Questions\n# Chapter 4 - Marketing and Distribution\n## Learning Objectives & ICF Competency Level 4-1\n## Practice Questions\n# Chapter 5 - Code of Ethics\n## Learning Objectives & ICF Competency Level 5-1\n## Practice Questions","[{\"question\":\"What topics are covered in the guide about collective investment schemes in Malaysia?\",\"answer\":\"It covers introductions to CIS, classification, investment-linked funds, industry size, CIS ecosystem participants, and milestones in CIS development, followed by practice questions.\"},{\"question\":\"How does the guide explain UTS and PRS, including their risks and Shariah-compliant aspects?\",\"answer\":\"It explains UTS and PRS as investments, the mechanics of investing through schemes, similarities and differences, Shariah-compliant schemes, and fund types. It also addresses benefits and disadvantages and discusses investors’ awareness and perceptions of risks.\"},{\"question\":\"What does the guide include about regulations, marketing/distribution, and ethics?\",\"answer\":\"It provides an overview of the regulatory framework and roles of regulators and FIMM, including relevant legislation and requirements. It also covers marketing and distribution processes, disclosures, purchases and repurchases, and ends with the code of ethics, compliance concepts, and core principles.\"}]","FIMM Combined Examination (FCE) Study Guide | PDF",1790392118,716]