Securities Commission Malaysia (SC)

• Empowered by the Capital Markets & Services Act 2007 (CMSA) to regulate the PRS industry
• Provide a regulatory environment
• Development of PRS industry

Private Pension Administrator Malaysia (PPA)

• Protect members’ interest
• Provide a life-time central account management, facilitating transactions and promoting efficient administration
• Acts as a one-stop resource centre
• Educate the public and promoting awareness on PRS
• Provide central administration and developing the industry

PRS Providers

• Exercise the PRS Providers’ powers for a proper purpose and in good faith, in the best interest of the members as a whole
• Exercise the degree of care and diligence
• Keep complete and accurate records of all information
• Not make investments in which it could have a financial interest or derive a benefit without approval of the Scheme Trustee
• Provide interim reports, annual reports and account statements

Scheme Trustee

• Ensure compliance of PRS Officers and Delegates
• Provide accurate valuation and pricing
• Ensure accuracy of all transactions to avoid unnecessary costs or risk to the fund
• Adequate accounting for all accounts

PRS Distributors and Consultants

• PRS Distributors are licensed for dealing in PRS or registered persons under the Capital Markets and Services Act (CMSA) 2007
• PRS Consultants are representatives of PRS Distributors and need to be registered with FIMM
• Institutional PRS advisers are licensed bankers to distribute PRS schemes from more than one PRS providers
• Corporate PRS advisers are financial planning firms that represent and distribute products from more than one PRS Provider and can act on behalf of the contributors
• PRS Consultants must obtain minimum knowledge of the PRS industry and act with integrity and a high level of professionalism