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During a speech at The Edge-Lipper Awards 2011 yesterday, Chairman of Securities Commission (SC) Malaysia highlighted that Federation of Investment Managers Malaysia (FIMM) as a Self-Regulatory Organization (SRO). "I am pleased to note that the Minister of Finance approved the SC's recommendation to recognize FIMM as an SRO, through a notice that was gazetted on 20 January 2011. I have full confidence that FIMM will be able to discharge its role as an SRO effectively in self-regulating its members for the benefit of the industry as well as investors" said SC's chairman. Tan Sri Zarinah Anwar, Chairman of Securities Commission Malaysia What is the role of SRO? Through SROs, industry players can expand beyond the confines of their own interests and align their interests with that of the public. This will result in the values of ethical behavior and integrity being ingrained into corporate and market cultures. According to Investopedia, SRO meaning that a non-government...

Effective 1 September 2010, there are 223 unit trust funds approved under the EPF Members Investment Scheme (EPF-MIS). The list of EPF approved funds is updated upon conducting the fund evaluation exercise based on EPF-MIS fund evaluation methodology (FEM). Under the FEM, funds must meet the set standard criteria, including:- At least 3-years track records Have investment mandate of not exceeding 30% in overseas assets Consistency in return performance among peers/ with benchmark How frequent will it be reviewed? By using an international research house rating data as input in the assessment and evaluation of funds, the exercise will be conducted once a year.  Suspended Funds? Funds that underperformed their peers will be suspended, until they are qualified to be reinstated. Suspended funds are not allowed to received new investment under the EPF-MIS, yet investments made by investors prior to the suspension are nevertheless allowed to remain in the funds. Suspended Funds are lo...