CORPORATE TRUSTEESHIP

Interest Scheme is governed under the Interest Schemes Act 2016 and it involves the promotion of a particular scheme to the public who shall be the investors by contributing financially in exchange for an interest in the scheme. Investors do not have day-to-day control over the operations of the scheme. The operator of an interest scheme is required to comply with the provisions of the Interest Schemes Act 2016 regulated by the Companies Commission of Malaysia.

 

Generally, the role of the Trustee is to protect the interest of the public who invests in any approved interest scheme.

 

The interest schemes included under the Act are:

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• Investment scheme

• Recreational membership scheme

• Time-sharing scheme

• A combination of such schemes