Fund management nod for ETSW

KUALA LUMPUR: Equitiestracker Holdings Bhd’s wholly owned subsidiary, ET Smart Wealth Sdn Bhd (ETSW), has received approval from the Securities Commission for its application for a capital markets services licence for the regulated activity of fund management.

In a filing with Bursa Malaysia, Equitiestracker said the approval was subject to several conditions.

These include the appointment of a licensed director, two licensed representatives, one compliance officer and increasing its paid-up capital and shareholders’ funds to a minimum of RM2mil within six months.

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