Platform in Malaysia
Guaranteed Return
Invest in exchange for an interest in a particular scheme
For an Suruhanjaya Syarikat Malaysia (SSM) approved interest scheme in Malaysia, only a public company is allowed to offer such scheme. And, on top of that, a valid prospectus must be made available to prospective investors/participants, spelling out clearly the details of the scheme offered.
In order to protect investors, a trust deed that is registered with SSM is a must have document. It binds the promoter of the scheme to its obligations towards the interest holders. So, a trustee (usually a corporate trustee) was appointed for every interest scheme to safeguard the money of participants.
The nature of schemes allowed under the Interest Schemes Act 2016 by SSM are:
- Investment schemes
- Recreational membership schemes
- Time-sharing schemes or
- A combination of such schemes
Driven by the opportunity to get easy credit or funding from the public under the guise of innovative and clever business schemes, some irresponsible business operators actively offer interest to the public to achieve a bigger pool of financial contribution in unregulated environment. If left unchecked, there could be far reaching public implications. The Interest Schemes Act 2016 was introduced to address such potential problems by providing strong regulatory control and investor protection safeguards.
Please contact us so that we can channel you to the right investment agent to guide you step-by-step to invest an approved interest scheme.
There is a checklist for companies to offer interest schemes, please contact us so that we can channel you to the right lawyer and trust company.