The Securities Commission in Malaysia has introduced a new regulation called Single Pricing Regime (SPR) which goes into effect today. What this means is that from today onwards, there will only be one price - the Net Asset Value (NAV) per unit - quoted for selling and redeeming unit trusts.
This regulation has been expected in the unit trust industry for some time.
While it poses an additional challenge to and increases the level of competitiveness for the fund management companies and their consultants, it should be a move welcomed by investors because there is now greater transparency of the charges paid by the investors.
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