Fund management license in Malayasia!!

Different aspects surrounding the application and registration for a fund management license are as follows:

1. Processing Time: License issuing authorities take nearly 4 months to review and approve license issue to a fund manager. If the application is found to be free of errors, it might be expedited. However, if there are critical failures within the application, the license issuing authority reserve their right to cancel the application process, and a new claim to the license must be issued.
   
2. High quality applications have the following features:
   

• A clear and detailed description of the applicant’s business plans.
• A clear description of risks involved and their solutions, compliance of the organisation with certain guidelines, and proper auditing procedures in line with their business model.
  
• A descriptive explanation of the company of their role in Malaysia, and services being offered to other companies (if any).
  
• Proof of company’s ability to match minimum base capital and financial requirements.
  
• Licensing authorities will also take into consideration, whether any regulatory action has been taken in the past against the organization. 

If you are looking for a fund management license in Malaysia, you may have to fulfil certain criterions, like a few mentioned above. Obtaining a license is complex, and if you require guidance to obtain a license, you may contact consultants which specialize in fund management licensing.

The application and procurement of a fund management license can be daunting as there are many different aspects that one must take care of. However, with the right guidance a complex task can be simplified.

The various services on offer by fund management specialists are as follows:

1. Organizations aid with the selection of jurisdiction for the fund, in this case, Malaysia.
   
2. Advice related to financial regulations followed within a jurisdiction. Malaysia has a strict no tolerance to unlicensed trading, and businesses might fall into legal trouble if found operating without a license.
   
3. Advice on a typical investment fund structure.
4. Admission Criteria: These includes some basic steps towards obtaining a license and are as follows:
   

• Submission of registration form to licensing authority, after which it will be reviewed. If registration is successful, it will publish registered FMC name in the online directory. Fund managers cannot operate before the FMC name is published in the directory.
  
• There are other restrictions governing an FMC registry and these are mostly related to the internal administration of the company. For e.g. Minimum or maximum number of clients, and directors the company should have, to name a few. 

Once you have fulfilled all these conditions your FMC is all set to operate within the jurisdiction specified. These are only a few of the requirements you must fulfil to get your company up and running.

If you are looking for further information, feel free to contact customer support, which is available with a solution to your query, and operates 24/7.

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