Joint Account Opening

Client Type:

Please take note that all interested applicants have to be Malaysian resident & own Malaysian bank account.

(a)

Minimum age requirement

Main Applicant	Joint Applicant
At least 18 years old	No minimum age limit

(b)

Document

i. Kindly prepare soft copy of the relevant document ready.

Applicant Age	Malaysian	Non-Malaysian
Below 12 years old	MyKid	Passport
At least 12 years old*	MyKad/MyPolis/MyTentera	Passport

ii. Joint Applicant who is at least 18 years old is required to provide one supporting document. The eligible documents have to contain your name as per NRIC.

Document
Driving license
Bank statement**
Utility Bill**
EPF statement***

**Dated not more than 3 months old from the account opening application date.

iii. If you wish to perform verification without a payment, please prepare one supporting document. The eligible documents have to contain your name as per NRIC.

Document
Driving license
Bank statement**
Utility Bill**
EPF statement***

**Dated not more than 3 months old from the account opening application date.

iv. If you wish to perform bank transfer instead of FPX for verification, please prepare a proof of payment and/ or bank statement.

Main Applicant's Personal Details

Salutation Salutation is required

Full Name as per NRIC/Passport Full name is required

Nationality Nationality is required

ID Type i ID Type is required

ID Number ID Number is required

Date of Birth Date of Birth is required

Country of Birth Country of birth is required

City of Birth City of birth is required

Gender Gender is required

Bumiputera Status Bumiputera status is required

Race Race is required

Marital Status Marital status is required

Mother's Maiden Name Mother's maiden name is required

Agent Code

Referral Code

Main Applicant's Contact Details

Email Address Valid email is required

Mobile Number Security code would be sent to this number Mobile No is required

Home Phone Number

Security code is required

Residential Address

Residential Address is required

Postal Code Postcode is required

City City is required

State State is required

Country

Is your correspondence address similar to residential address?

Yes

Main Applicant's Employment Details

Occupation Occupation is required

Current Position Current position is required

Nature of Business Nature of Business is required

Description for Nature of Business Description for nature of business is required

Company Name Company name is required

Company Address

Company Address is required

Postcode Postcode is required

City City is required

State State is required

Country

Office Phone Number Office phone number is required

Fax Number

Main Applicant's Financial Background

Present Annual Income Annual Income is required

Estimated Net Worth Estimated Net Worth is required

Source of Fund Source of Fund is required

Number of estimated transaction in a year Number of estimated transactions in a year is required

Estimated transactions amount in a year Estimated transactions amount in a year is required

Purpose of Investment
Purpose of Investment is required Other Purpose of Investment is required

Joint Applicant's Personal Details

Salutation Salutation is required

Full Name as per NRIC/Passport Full name is required

Nationality Nationality is required

ID Type i ID Type is required

ID Number ID Number is required

Date of Birth Date of Birth is required

Country of Birth Country of birth is required

City of Birth City of birth is required

Gender Gender is required

Bumiputera Status Bumiputera status is required

Race Race is required

Marital Status Marital status is required

Mother's Maiden Name Mother's maiden name is required

Who is the Main Applicant to you? Relationship is required

Joint Applicant's Contact Details

Email Address Valid email is required

Mobile Numberi Security code would be sent to this number
Mobile No is required

Home Phone Number

Security code is required

Residential Address

Residential Address is required

Postal Code Postcode is required

City City is required

State State is required

Country

Is your correspondence address similar to residential address?

Yes

Joint Applicant's Employment Details

Occupation Occupation is required

Current Position Current position is required

Nature of Business Nature of Business is required

Description for Nature of Business Description for nature of business is required

Company Name Company name is required

Company Address

Company Address is required

Postcode Postcode is required

City City is required

State State is required

Country

Office Phone Number Office phone number is required

Fax Number

Joint Applicant's Financial Background

Present Annual Income Annual Income is required

Estimated Net Worth Estimated Net Worth is required

Source of Fund Source of Fund is required

Number of estimated transactions in a year Number of estimated transactions in a year is required

Estimated transactions amount in a year Estimated transactions amount in a year is required

Purpose of Investment
Purpose of Investment is required Other Purpose of Investment is required

Foreign Account Tax Compliance Act (FATCA)

Part A: Preliminary Identification

Please complete this section and tick 'Yes' or 'No' respectively.

		Main Applicant		Joint Applicant
		Yes	No	Yes	No
1	Are you a U.S. citizen or resident? (U.S. Passport/green card holder, U.S. taxpayer, etc.)
2	Is U.S. your place of birth?
3	Do you hold a current U.S. residence address/mailing address and U.S. post office box?
4	Do you have a current U.S. telephone number?
5	Standing instructions to pay amounts from Phillip Capital Mnaagement account to an account maintained in the U.S.?

Part B: U.S Person Declaration

Please select one of the following declaration statements:

	Main Applicant	Joint Applicant
I am a U.S. person / U.S. Legal Entity(s) *Please provide Form W-9*
I am a Non-U.S. person with no U.S. Indicia
I am a Non-U.S. person / Non-U.S. Legal Entity(s) with one or more U.S.Indicia. *Please provide Form W-8BEN/Provide Form W-8BEN-E*
* US Indicia means US citizenship, US residency (green card holder), US taxpayer identification number, US place of birth, US residential or mailing address, US telephone number, standing instructions to transfer funds to an account maintained in the US and a currently effective power of attorney or signatory authority granted to a person with a US address.

Common Reporting Standard (CRS)

Tax Residency Declaration

Please select the applicable tax residency declaration.

	Main Applicant	Joint Applicant
I declare that I am a tax resident in Malaysia only
I declare that I am a foreign tax resident (other than Malaysia). Please list all the countries in which you are foreign tax resident

Foreign Tax Residency Details for Main Applicant

Country of Tax Residency	Tax Identification No

Foreign Tax Residency Details for Joint Applicant

Country of Tax Residency	Tax Identification No

Politically Exposed Person (“PEP”)

“PEP” means (a) a natural person who is or has been entrusted with prominent functions in a country (b) immediate family members of such person; or (c) close associates of such person. “Prominent public functions” includes the roles held by a head of state, a head of government, government ministers, senior civil servants, senior judicial or military officials, senior executives of state owned corporation, or senior party officials.

	Main Applicant	Joint Applicant
Are you involved in any political movement or connected to any politically exposed person?	Yes NO	Yes NO

Please provide details as follows, (1) if you or your immediate family member(s) has/have been entrusted with prominent public functions or (2) is/are close associate(s) of such person:

Main Applicant :

Name	Relationship to Applicant	Occupation	Country

Please provide details as follows, (1) if you or your immediate family member(s) has/have been entrusted with prominent public functions or (2) is/are close associate(s) of such person:

Joint Applicant :

Name	Relationship to Applicant	Occupation	Country

Uploading Supporting Documents

Kindly upload the necessary document(s) here. For a smooth account opening process, kindly ensure that those documents are visually clear.

(Valid attachment format : JPEG, DOC, DOCX, PDF, TIF, GIF, JPG)

	Front ID / Passport	Back ID	Supplementary
Main Applicant
Joint Applicant

REDEMPTION INSTRUCTIONS

Kindly provide your Malaysian banking account information accurately for redemption proceeds. The payment will only be made payable to the records specified below:

Kindly upload the first page of bank account passbook or bank account statement which clearly displays bank name, bank account holder’s name and banking account number.

(Valid attachment format : JPEG, DOC, DOCX, PDF, TIF, GIF, JPG)

Bank Name	Bank Acc Currency	Bank Acc Number	Main Bank Acc Holder Name	Joint Bank Acc Holder Name(if any)	Bank Statement Image

Note: Online account openings for individual applicants and joint applicants only have the Bank Account Currency Option of MYR – Malaysian Ringgit.

Fees Schedule

SECTION

FEES

PARTICULARS

Service Fee

3.00% for every capital injection.

Annual Management Fee (including Taxation)

Phillip Managed Account (Cash):

Market Value	Annual Management Fee
First RM500,000	1.50%
RM500,000 to RM2 million	1.25%
Above RM2 million	0.75%

Custodian Charges

Transaction Fees (Sales and Purchases of Listed Securities): 0.12% on each transaction amount

Custodian Fee: 0.03% p.a *

*based on market value of the Assets as at each calendar month, payable to the Custodian on a monthly basis.

Other Fee

Performance Fee:

The Client shall pay to the Manager a Performance Fee at the rate of 10% of the Excess Return provided that the fund return is more than 4% per annum as determined on a prorated basis at the end of each quarter of a calendar year.

Excess Return is defined as the amount of the market value of the fund at the end of the quarter in excess of the previous highest quarter market value at the end of March, June, September and December in a calendar year. The Performance Fee is computed quarterly and shall be deducted from the fund at the beginning of the following quarter.

Sales and Service Tax (SST) and/or any other applicable tax as imposed by the Government of Malaysia

SST and/or any other applicable tax as imposed by the Government of Malaysia(where applicable) is payable to Ketua Pengarah Kastam or the relevant tax authority and will be deducted directly from your account with us with a standard rate.

SECTION

FEES

PARTICULARS

Service Fee

3.00% for every capital injection.

Annual Wrap Fee

Market Value	Annual Management Fee
First RM500,000	1.50%
RM50,001 to RM500,000	1.25%
RM500,001 to RM5,000,000	1.00%
Above RM5 million	0.75%

Custodian Charges

Custodian Fee: 0.03% pa.*

*Based on market value of the Assets as at each calendar month, payable to the Custodian on a monthly basis.

Other Fee

Performance Fee: The Client shall pay to the Manager a Performance Fee at the rate of 10% of the Excess Return provided that the fund return is more than 4% per annum as determined on a prorated basis at the end of each quarter of a calendar year.

Declaration of Trust Protection

Setup Fee: RM80.00

Distribution Fee: Upon the demise of the client, Rockwills Trustee will charge administration fees as per below until the trust fund is fully distributed:

Value of Trust (RM)	Rates (per annum)
First RM1 million	0.75% (subject to a minimum of RM1,000)
Next RM1 million to RM10 million	0.50%
Above RM10 million	0.25%

Sales and Service Tax (SST) and/or any other applicable tax as imposed by the Government of Malaysia

Declaration & Acceptance

Please read the terms and conditions displayed below until the end. Kindly tick the checkbox to confirm your acceptance, declaration and understanding of the terms and conditions.

NOTICE CONCERNING YOUR PERSONAL DATA

PRIVACY AND PERSONAL DATA POLICY

We, Phillip Capital Management Sdn Bhd (Co. No, 199501004372) (“PCM” or “We/we” or “us”) are committed to protecting the privacy of the investors, in line with the Personal Data Protection Act 2010 (“Act”) in conducting our investment management business. “Personal Data” is information that identifies and relates to you or other individuals (such as your joint account holder). In this form, we describe to you how we handle your Personal Data that we collect through this Investment Management Agreement (the “IMA”), the accompanying Schedule I – Particulars of Client & Declaration of Trust Protection and through other means (for example, from your written instructions, telephone calls, emails and other communications or correspondences with us, as well as from our financial planning representatives, business partners, or other third parties involved in our business dealings with you).

“YOU” IN THIS NOTICE REFERS TO YOU AS PRINCIPAL HOLDER AND/OR YOUR JOINT ACCOUNT HOLDER, IF APPLICABLE.

1.The Personal Data collected about you may include and the list may not be exhaustive:
• General identification and contact information
• Identification numbers issued by government bodies or agencies
• Financial information and account details
• Other sensitive information
• Telephone recordings
• Information enabling us provide products and services
• Marketing preferences and customer feedback

2. Obligatory to supply your Personal Data:

It is obligatory for you to supply your Personal Data to us to enable us to use it as described in Section 3 below. Your failure to provide your Personal Data may cause us to be unable to provide you any of the services described herein.

3. The purposes for which your Personal Data is being or collected and further processed:

We collect and process your Personal Data for the following purposes:

1) To solicit contributions of funds into your investment account with us.
2) To enter into business transaction with you and obtain your prior approval before recommending any investment policies or investment recommendations to you.
3) To deliver the necessary notices, statements of accounts, investment management services and/or investment management products in accordance with our agreement with you.
4) To communicate and interact with you as part of our client-business relationship.
5) To send you important information regarding changes to our policies, other terms and conditions and other administrative information.
6) To assess your eligibility for suitable investment plans, and process your funds and other payments.
7) To prevent, detect and investigate crime, including fraud and money laundering, and analyze and manage other commercial risks.
8) To allow you to participate in contests, prize draws and similar promotions, and to administer these activities. Some of these activities have additional terms and conditions, which could contain additional information about how we use and disclose your Personal Data, which you must read carefully.
9) To comply with internal policies and procedures such as for auditing; finance and accounting; IT systems; data and website hosting; business continuity; and records, document and print management.
10) To resolve complaints, and handle requests for data access or correction.
11) To comply with legal process; and respond to requests from public regulatory and governmental authorities.
12) To establish and defend the legal rights privacy, safety or property of our company and/or related companies, and pursue available remedies or limit our damages.
13) To be used to assess your eligibility and other important considerations when you open other type of accounts for other products and services offered by companies within PhillipCapital Malaysia Group.
14) Enable the Custodian to perform the custodial functions to enable attribution of your assets belonging to you.
15) Enable the Custodian to notify you promptly and make proper arrangements to safe keep your assets prior to termination of any custodial arrangements.
16) Enable the Custodian to deliver your transactions statements, at least on a quarterly basis, directly to you.
17) Enable us to perform annual evaluation of the appointed Custodian and its services to ensure that the Custodian has carried out its responsibilities with due care, skill and diligence.
18) To obtain credit information which belongs to you as the account holders (individual accounts) or as the authorised signatory for the account (corporate account) for the purpose of assessing and processing your investment account.

4. Your right to access your Personal Data and make correction requests, raise questions and concerns:

You shall be given access to your Personal Data held by us and you shall be able to correct that Personal Data where the Personal Data is inaccurate, incomplete, misleading or not up-to-date, except where compliance with a request to such access or correction is refused under the Act.

5. Changes to this Privacy and Personal Data Policy

We review this Privacy and Personal Data Policy regularly and reserve the right to make changes at any time to take account of changes in our business and legal requirements. We will place the full policy and updates on our website, “www.phillipinvest.com.my” and/or “www.fame.com.my”.

6. Any enquiries in respect of your Personal Data

If you have any questions about our use of your Personal Data you can e-mail to our Customer Service at cse.my@phillipcapital.com.my, or call our Customer Service Hotline at 03-2783 0200, or write to “Customer Service”, Phillip Capital Management Sdn Bhd at B-18-6, Block B Level 18 Unit 6, Megan Avenue 2, No. 12, Jalan Yap Kwan Seng, 50450 Kuala Lumpur.

BAHAGIAN 2: NOTIS MENGENAI DATA PERIBADI ANDA

DASAR PRIVASI DAN DATA PERIBADI

Kami, Phillip Capital Management Sdn Bhd (Co. No 199501004372) ("PCM" atau “kami") adalah komited untuk melindungi privasi pelabur, selaras dengan Akta Perlindungan Data Peribadi 2010 ("Akta") dalam menjalankan perniagaan pengurusan pelaburan kami. "Data Peribadi" merupakan maklumat yang mengenal pasti identiti dan maklumat yang berkaitan dengan anda serta individu lain yang berkaitan dengan anda (seperti pemegang akaun bersama anda). Borang ini menjelaskan bagaimana kami mengendalikan data peribadi anda yang telah dikumpulkan melalui perjanjian pengurusan pelaburan ("IMA"), disertakan Jadual I – butir-butir klien & akuan perlindungan amanah dan lain-lain (seperti arahan bertulis anda, panggilan telefon, e-mel dan lain-lain komunikasi atau surat-menyurat dengan kami, wakil-wakil perancang kewangan, rakan kongsi perniagaan, atau lain-lain pihak ketiga yang terlibat dalam urusan perniagaan dengan anda).

"ANDA" DALAM NOTIS INI MERUJUK KEPADA ANDA SEBAGAI PEMEGANG AKAUN UTAMA DAN/ATAU PEMEGANG AKAUN BERSAMA ANDA, JIKA BERKENAAN.

1. Data peribadi yang dikumpul tentang anda mungkin termasuk dan tidak terhad kepada senarai di bawah:-

• Pengenalan am dan maklumat orang hubungan
• Nombor pengenalan yang dikeluarkan oleh badan-badan kerajaan atau agensi-agensi
• Butir-butir akaun dan maklumat kewangan
• Lain-lain maklumat sensitif
• Rakaman telefon
• Maklumat yang membolehkan kami memberikan produk dan perkhidmatan
• Keutamaan pemasaran dan maklum balas pelanggan

2. Kewajiban untuk membekalkan data peribadi anda:

Adalah wajib bagi anda untuk membekalkan data peribadi anda kepada kami untuk membolehkan kami menggunakannya seperti yang dinyatakan dalam Seksyen 3 di bawah. Kegagalan untuk menyediakan data peribadi anda boleh menyebabkan kami tidak dapat memberikan anda perkhidmatan yang diterangkan di sini.

3. Tujuan Data peribadi anda di dikumpul dan seterusnya diproses:

Kami mengutip dan memproses data peribadi anda untuk tujuan-tujuan berikut:
1) Meminta sumbangan dana ke akaun pelaburan anda dengan kami.
2) Untuk memasuki transaksi perniagaan dengan anda dan mendapatkan kelulusan terlebih dahulu sebelum mencadangkan mana-mana pelaburan dasar atau cadangan- cadangan pelaburan kepada anda.
3) Untuk menyampaikan notis, penyata akaun, perkhidmatan pengurusan pelaburan dan/atau produk-produk pengurusan pelaburan mengikut perjanjian kami dengan anda.
4) Untuk berkomunikasi dan berinteraksi dengan anda sebagai sebahagian daripada hubungan pelanggan-perniagaan kita.
5) Untuk menghantar maklumat yang penting mengenai perubahan kepada dasar-dasar syarikat, lain-lain terma dan syarat dan lain-lain maklumat pentadbiran.
6) Untuk menilai kelayakan anda bagi pelan pelaburan yang sesuai, dan memproses dana anda dan pembayaran lain.
7) Untuk menghalang, mengesan dan menyiasat jenayah, termasuk penipuan dan pengubahan wang haram, menganalisis dan menguruskan risiko-risiko komersil lain.
8) Untuk membolehkan anda untuk mengambil bahagian dalam pertandingan, hadiah menarik dan promosi yang sama, dan mentadbir aktiviti-aktiviti tersebut. Antara aktiviti-aktiviti mempunyai terma dan syarat-syarat, yang boleh mengandungi maklumat tambahan tentang bagaimana kita menggunakan dan mendedahkan maklumat peribadi anda, yang anda perlu membaca dengan teliti.
9) Untuk mematuhi polisi dalaman dan prosedur tersebut bagi pengauditan; kewangan dan perakaunan; sistem IT; data dan laman web hosting; kesinambungan perniagaan; dan rekod-rekod, dokumen dan pengurusan cetak.
10) Untuk menyelesaikan aduan dan mengendalikan permintaan bagi akses data atau pembetulan.
11) Untuk mematuhi proses undang-undang; dan membalas permintaan dari pihak-pihak yang berkuasa awam undang-undang dan kerajaan.
12) Untuk mewujudkan dan mempertahankan hak-hak undang-undang privasi, keselamatan atau harta kami syarikat dan/atau syarikat-syarikat yang berkaitan, dan mengambil ubat-ubat yang disediakan atau menghadkan kerosakan kami.
13) Akan digunakan untuk menilai kelayakan anda dan lain-lain pertimbangan penting apabila anda membuka akaun bagi produk dan perkhidmatan yang ditawarkan oleh syarikat-syarikat dalam Kumpulan PhillipCapital Malaysia.
14) Melantik penjaga untuk mengekalkan suatu akaun amanah bagi anda untuk memastikan bahawa aset anda dilindungi dengan sewajarnya.
15) Membolehkan penjaga untuk melaksanakan fungsi penjagaan untuk membolehkan pengiktirafan aset kepunyaan anda.
16) Membolehkan penjaga untuk memberitahu anda dengan segera dan membuat persiapan yang betul bagi Peti Deposit Keselamatan yang menjaga aset anda sebelum penamatan mana-mana urusan penjagaan.
17) Membolehkan penjaga untuk menghantar penyata transaksi anda, sekurang-kurangnya setiap tiga bulan, terus kepada anda.
18) Membolehkan kita untuk melaksanakan penilaian tahunan terhadap penjaga dilantik dan perkhidmatan untuk memastikan bahawa penjaga telah menjalankan tanggungjawabnya penjagaan, kemahiran dan ketekunan.Mendapatkan maklumat kredit yang kepunyaan anda sebagai pemegang akaun (akaun-akaun individu) atau sebagai penandatangan diberi kuasa untuk akaun (akaun korporat) bagi tujuan menilai dan memproses akaun pelaburan anda.

4. Hak anda untuk mengakses data peribadi anda dan membuat permintaan pembetulan, mengemukakan soalan dan kemusykilan:

Anda akan diberi hak untuk akses kepada data peribadi anda yang disimpan oleh kami dan anda berhak untuk membetulkan data peribadi anda sekiranya data peribadi adalah tidak tepat, tidak lengkap, mengelirukan atau tidak terkini, melainkan sekiranya hak untuk akses kepada data peribadi anda itu ditolak di bawah Akta.

5. Perubahan kepada dasar data peribadi dan privasi ini

Kami sering mengkaji dasar data peribadi dan privasi ini dan berhak untuk membuat perubahan pada bila-bila masa dengan mengambil kira perubahan dalam perniagaan dan keperluan undang-undang kami. Kami akan meletakkan polisi lengkap dan kemas kini di laman web kami, "www.phillipinvest.com.my" dan/atau "www.fame.com.my”.

6. Sebarang pertanyaan berkenaan dengan data peribadi anda

Jika anda mempunyai sebarang soalan mengenai penggunaan data peribadi anda, anda boleh e-mel kepada kami perkhidmatan pelanggan di cse.my@phillipcapital.com.my , atau hubungi talian Hotline perkhidmatan pelanggan di 03-2783 0200, atau menulis kepada "Khidmat pelanggan", Phillip Capital Management Sdn Bhd B-18-6, Blok B Aras 18 Unit 6, Megan Avenue 2, No. 12, Jalan Yap Kwan Seng, 50450 Kuala Lumpur .

INVESTMENT MANAGEMENT AGREEMENT

FOR PRIVATE MANAGED ACCOUNT / EPF INVESTMENT ACCOUNT /

PHILLIP GLOBAL WRAP ACCOUNT

TERMS & CONDITIONS
THIS AGREEMENT is made BETWEEN The Party more particularly described in Section 1 of Schedule I (the “Manager”) of the one part AND the Party more particularly described in Section 1 of Schedule VI (the “Client”) which term includes his nominee, beneficiaries, representatives, heirs, successors in title and/or permitted assigns) of the other part .

NOW IT IS HEREBY AGREED as follows:-

1. APPOINTMENT OF MANAGER
1.1 The Client wishes to invest in certain investment assets the particulars whereof are as set out in Schedule II (“Investment Asset”) and wishes to appoint the Manager as Investment Manager to invest and manage the Investment Assets and the Fund (as hereinafter defined) on the manager’s discretion for and on the Client’s behalf upon the terms and subject to the conditions herein stated.

1.2 The Client may make his investment in cash/by way of share transfer as a privately managed account which shall include a Private Managed Account (“Cash Account”), or, through the Employees Provident Fund (“EPF”) Members Investment Scheme (“EPF Investment Account”), or, a Phillip Global Wrap Account (“Foreign Investment Account”) as shall be defined hereinafter (where applicable). The Client shall complete such relevant forms relating to this Agreement and Investment as required by the Manager.

1.3 For the purpose of this agreement the mode of investment is set out in Section 4 of Schedule I.

1.4 The Manager hereby accepts the appointment as Investment Manager to invest and manage the Fund and the Investment Asset on the Manager’s discretion in accordance with the terms and conditions of this Agreement and its Appendices/ Schedules herein set out.

2. ACCOUNT
2.1 The Manager is hereby authorized to maintain an account on behalf of the Client (the “Account”) with the Custodian (as defined in Section 121 of the Capital Markets and Services Act 2007) (the particulars whereof as set out in Section 2 of Schedule I) (“Custodian”) selected by the Manager for the safekeeping of the Investment Assets. The collective value of the Investment Assets in the Account shall be referred to herein as the Fund (the “Fund”).

2.2 The proceeds and costs of all investment transactions relating to the Fund will be paid into and out of the Account. The Custodian may operate a settlement system under which the Client is credited with the proceeds and debited with the costs of all investment transactions on the usual settlement (or subscription) days for the market concerned, conditionally upon settlement with the counterparty being ultimately effected.

2.3 Income from the Investment Assets held by the Custodian will be credited to the Account subject to any applicable taxes. The Custodian may deduct Taxation from any payment if obliged to do so under any applicable law. In accounting for Taxes or making Taxation deduction the Custodian may estimate the amount concerned. Any excess of such estimated amounts over the final confirmed liability shall be credited to the Account as soon as reasonably practicable.

2.4 The Manager shall not pay interest on any monies standing to the Client’s credit in the Account. However, every effort will be taken to ensure the maximum amount possible is placed out on short term placements/deposits with financial institutions when the money is not anticipated to be used for stock purchases, custodian fees and transaction charges and interests thereon to be credited to the Account.

3. CUSTODIAN
3.1 The Custodian shall keep all title deeds, certificates and other documents of title held in connection with the Fund, and Investment Assets (if any), deposited with or held by or registered in the name of the Custodian or its nominee on the Client’s behalf.

3.2 The Client hereby agrees to be bound by any custodian agreement entered into between the Manager and the Custodian and agrees that the Manager may give full effect to such agreement.

3.3 The Client acknowledges the Manager’s right to give instructions to the Custodian in respect of the Investment Assets and the Fund.

3.4 The relationship between the parties hereto is as described in this Agreement and neither the relationship nor the services to be provided by the Manager nor any other matter will give rise to any fiduciary or equitable duties on the Manager’s part or any related corporation which would prevent or hinder any related corporation in acting in a dual capacity (either as principal or agent) in respect of investments sold or purchased by or for the Client or prevent or hinder the Manager or any related corporation otherwise acting as provided in this Agreement.

4. AUTHORITY OF THE MANAGER
4.1 The Client HEREBY IRREVOCABLY AUTHORISES the Manager to invest the Fund for and on his behalf in the Investment Assets on a “Discretionary Basis”, “Non-Discretionary Basis” or “Advisory Basis” in accordance to the authority given in the Section 4 of Schedule 1.

whereby:
(a) “Discretionary Basis” shall refer to investment being made at the Manager’s sole discretion and without any reference to the Client. The Manager is authorized to take such action and effect such changes in respect of the investments held in the Fund as it may in its absolute discretion think fit without prior notice to or approval from the Client;

(b) “Non-Discretionary Basis” (Cash Investment Account Only) shall refer to the investment being made at the Client’s sole discretion or by The Manager with prior reference to the Client. The Manager is authorized to take such action and effect such changes in respect of the investments held in the Fund after advising the Client and/or with the Client’s prior approval; and

(c) “Advisory Basis” shall refer to the investment being made at the Client’s sole discretion.

4.2 In managing the Fund and performing duties, the Manager’s service shall not include providing legal or taxation advice and the Manager shall not be required to have regard to such matters in providing services under this Agreement.

4.3 The Manager is not required to dispatch to the Client any notice of meeting relating to any investments held in the Fund. The Manager may (but shall not be obliged to) exercise any voting rights attached to any investments held in the Fund in such manner as the Manager in its discretion may determine and the Client undertakes to complete, execute and deliver any documentation in connection therewith.

4.4 Unless otherwise indicated, the Client further authorises the appointed Financial Planner Representative (“FPR”) to view his investment portfolio and undertakes to indemnify the Manager in full against all consequences, liabilities of any kind whatsoever directly/indirectly arising from or relating to the said authorization.

4.5 The Manager may undertake proprietary trading which is limited to investing in its related party’s Unit Trusts Funds managed by Phillip Mutual Berhad. The Manager shall ensure that there is no preferential treatment given to its proprietary account or any preferential client. The method of selection and determination of securities transacted and the managers for the Unit Trust funds that the Manager invests in shall be the same as that used for other investments and clients’ portfolio subject to the objective of the clients’ mandate and on the mandate of the investment. As much as possible, The Manager shall ensure a fair and equitable allocation among its clients. The Manager shall give priority to its client in any conflict of interest.

4.6 The Client HEREBY IRREVOCABLY AND UNCONDITIONALLY AUTHORISES the Manager to enter into any arrangement, agreement or transaction by the Manager at its absolute discretion with any other clients of the Manager in respect of the instruments in the Fund provided that the transactions are in the best interest of both the Client and the other Manager’s clients and transactions are executed through a dealer or a financial institution on an arm’s length and at fair value basis. The Manager shall disclose such transactions which also known as cross trade transactions to both Clients and the other clients.

5. FEES AND CHARGES
5.1 In consideration of the services herein provided the Client hereby agrees:
(a) to pay the fees and charges set out in Schedule IV;

(b) to be liable for any liabilities in respect of unpaid calls or other sums, costs and expenses payable on any investments held in the Fund or any rates, taxes or other duties or similar liabilities levies on or arising out of or in respect of any such investments provided the Client is informed by the Manager;

(c) that the Manager will be entitled to retain for its own benefit (without being required to account to the Client in respect thereof) any soft-commission, discount or payment made available to the Manager in its capacity as agent in any transaction relating to the Fund;

5.2 The Manager shall have a lien over the Fund or any other property and rights of the Client maintained with or subject to the control of the Manager for all amounts payable to it by the Client whether present or in the future, actual or contingent.

5.3 With respect to costs and charges, the Client irrevocably authorises the Manager to:

(a) debit and set-off from the Account all fees and charges which may be due and payable against the Account, and other incidental cost which may be incurred in connection with this Agreement; and

(b) deduct from the Account and to dispose of and/or authorises any of the Client’s investments to settle any outstanding costs and charges of any investment transaction effected pursuant to or in connection with this Agreement both before and after termination of this Agreement.

5.4 The Manager hereby declares that it receives soft commission in the form of research and advisory services that assist in the decision making process relating to the Client’s investment herein.

6. PERFORMANCE OF THE FUND
6.1 The Client acknowledges and agrees that no warranty is given by the Manager as to the performance or profitability of any investment held in the Fund, and that no guarantee is given on the repayment of capital or the Fund.

6.2 The Client further agrees that any investment product or service offered by the Manager is not obligations of, deposits in or guaranteed by the Manager.

6.3 Provided that the Manager acts always in good faith, it shall not be liable for:

(a) any loss or profits, costs or expenses suffered or incurred by the Client as a result of or in connection with the provision of services herein; or

(b) any loss in the value of the Fund or any of its constituent parts howsoever arising; or

(c) any insufficiency or deficiency of any investment made for any reason(s) whatsoever; or

(d) any errors of fact or judgement by the Manager; or

(e) any act, omission, negligence, or default of any banker, broker, agent, custodian or nominee appointed by the Manager.

6.4 The Manager shall conduct at least once a month, a valuation on the Client’s portfolio of Investment Assets in accordance with Schedule VI.

7. RULES AND REGULATIONS

7.1 All transactions hereunder will be subjected to the rules and customs of the exchange or market and/or any clearing house through which the transactions are executed or settled and/or all applicable laws so that:-

(a) if there is any conflict between the provisions of this Agreement and any such rules, customs and applicable law the latter will prevail;

(b) the Manager or the Custodian may take or omit to take any action considered fit without reference to the Client to ensure compliance with any such rules, customs and applicable law; and

(c) such rules, customs and applicable law and all such actions so taken will be binding on the Client.

8. STATEMENTS

8.1 The Manager will send a statement and valuation of the investments held in the Fund (the “Statement and Valuation”) at calendar quarter-yearly intervals. The Statement and Valuation will be sent in electronic form to the Client’s email address (if herein provided) or in hardcopy form to the address herein provided (or as otherwise notified to the Manager) if the Client opted for hardcopy or if no email address is provided herein. In addition, the Client hereby acknowledges and agrees that the Statement and Valuation is also provided on a daily basis through the Electronic Portfolio Management Services (the terms of which are set out in Schedule V).

8.2 In addition to the Custodian delivering the monthly statement of transactions to the Manager, the Client may, in writing, direct the Manager to instruct the Custodian to deliver the same directly to the Client.

8.3 The Client shall carefully examine each statement, report or other communication sent by the Manager, and any objection thereto must be notified to the Manager within fourteen (14) days of the Client’s receipt failing which the Manager shall not be liable in respect of any matter to which the communication relates. Thereafter as between the parties the same shall be conclusive evidence of the correctness of the matters to which it relates.

9. DISCLOSURE OF INFORMATION

9.1 The Client hereby agrees that the Manager may disclose such information on the Fund to (a) any agent, broker, custodian or nominee selected by the Manager for effecting investment transactions only or (b) as the Manager may in its opinion consider necessary for this purpose or (c) as requested by any governmental agency, without incurring any liability to the Client as a result of such compliance and disclosure.

9.2 The Client hereby acknowledges that any advice given by the Manager to the Client is personal to the Client and shall be deemed as confidential and accordingly may not, without prior written consent from the Manager, be disclosed to any other person.

10. INDEMNITY AND RATIFICATION

10.1 The Client hereby unconditionally and irrevocably undertakes to keep the Manager fully indemnified from and against all expenses, loss, damage, costs, claims, demands, action, proceedings or other liabilities whatsoever (including the Manager’s legal fees on a full indemnity basis) which the Manager may incur or suffer in connection with the Fund or this Agreement howsoever incurred unless due to the Manager’s default or negligence.

10.2 The Manager shall be entitled to have recourse to the investments held in the Fund and all monies standing to the Client’s credit in the Account (including the right to sell or otherwise dispose of the investments and appropriate all or part of the resulting cash proceeds) with a view to meeting and discharging the indemnity to which the Manager is entitled and if the same should prove insufficient to meet the Client’s liability the Client will indemnify the Manager to the extent of such insufficiency to the full amount of such liability.

10.3 The indemnity provisions in this Clause 10 shall survive any termination of this Agreement and remain in full force and effect.

11. LIMITATION OF LIABILITY

11.1 The Manager will not be liable for any damage or loss that may result from or by reason of:
(a) acting in accordance with the terms of this Agreement or on instructions of the Client;
(b) any act or omission of the Client, the Custodian, any broker, dealer or any agent partner director officer or employees thereof;
(c) any act or omission made in good faith by the Manager or any of its agent partner, director officer or employees thereof.

11.2 The Manager shall only be liable for any breach of its obligation hereunder as a result of the Manager or the Manager’s employee or the Manager’s agent’s negligence, recklessness or willful default. The Manager will not be liable to the Client for failure to disclose or, in making any decision or taking any step in connection with the management of the Fund, failure to take into consideration any fact matter or thing if such disclosure of the information would or might be a breach of duty or confidence to any other person or which comes to the notice of the Manager’s officer, employee or agent but does not come to the actual notice of the individual(s) making decision to take the step in question.

11.3 The Manager shall not be liable for any Taxation assessed upon or payable directly or indirectly by the Client or any loss or expense suffered by the Client in connection with any such assessment.

11.4 The Client agrees that any action on the Manager’s part in respect of the Fund shall be for the Client’s sole risk and account.

12. OTHER CLIENTS

12.1 The Client agrees that the Manager may from time to time perform similar investment and management services for other clients and may give advice and take action in the performance of its duties for other clients which differ from that given in respect of the Client’s Fund.

12.2 The Manager has no obligations to purchase or sell, or recommend for purchase or sell, for the account of the Client any investment which the Manager purchases or sells for its own account or for the account of any other client of the Manager.

13. INSTRUCTIONS

13.1 The Manager is hereby authorized to honour and act upon any instructions given to it either electronically, via a recorded telephone conversation, or in writing and if in writing signed by the Client. The Manager shall be entitled to rely on and act on any instruction given in writing or electronically and shall not be liable to the Client in any way for acting in good faith upon any such instruction notwithstanding that it is subsequently shown that the same was not given by the Client, or for any misunderstanding or any error, loss or delay resulting from such use of transmission devices. This clause should be read in conjunction with Schedule V.

13.2 The Manager may refrain from acting promptly upon any instruction in order to verify the authenticity thereof and shall not incur any responsibility for loss, liability or expense arising out of so refraining to act. The Manager may refuse to act on any instruction if, in its sole opinion, to do so would contravene any law of any jurisdiction.

14. MINIMUM COMMITMENT

14.1 The Client hereby undertakes and agrees that he shall invest a minimum sum as set out in Section 4 of Schedule I failing which the Manager reserves the right not to accept the appointment herein until the minimum level is met.

15. TERMINATION AND PARTIAL WITHDRAWAL 15.1 The terms of this Agreement shall come into effect on the date hereof and may only be terminated after twelve (12) months by either party giving to the other party one (1) month written notice. PROVIDED THAT the Client may terminate the Agreement before the expiry of the first twelve (12) months subject to payment of the fees set out in Section 3 of Schedule III.

15.2 Upon termination, the Client agrees that the Manager will be entitled to retain out of the Fund all fees, expenses and charges calculated up to the date of termination on the basis of a valuation made on that date as set out in Schedule V, PROVIDED THAT for EPF Investment Account holders the balance shall be returned to the Client’s EPF Member Account. The Manager shall not be liable for any action taken by the Manager in relation to the Fund upon the Client’s instructions prior to actual receipt of notice of termination from the Client.

15.3 Transactions in progress at the date of termination will be completed by the Manager as soon as practicable. On termination the Manager may close out all or any contracts or open positions (without being responsible for any loss or diminution in price).

15.4 On partial withdrawal, the Client must give the Manager one (1) month notice in writing and any withdrawal shall be subject to “Cash Available less any Liabilities” and subject to Clause 16.1. Upon withdrawal, the Manager shall be entitled to retain out of the Fund all fees, expenses and charges calculated up to the date of withdrawal on the basis of a valuation made on that date as set out inSchedule V.

15.5 The Agreement will terminate:
(i) For individual clients, upon receipt by the Manager of the photocopy of death certificate and the will/grant of probate/letter of administration/court order,
(ii) For joint clients, upon receipt of the death certificate and the will/grant of probate/letter of administration/court order and photocopy of will/grant of probate/letter of administration/court order of the last surviving client;
(iii) For Trustee clients acting pursuant to Clause 15, in accordance with the Trust;
(iv) For corporate clients, upon winding up.

15.6 For EPF Investment Account holder:

(a) On the death of the Client before the age limit determined by EPF (“Age Limit”) /closure of his EPF Member Account, the Manager and the Custodian shall continue managing the Account until the Release Control Letter from the EPF is received.

(b) On the Client reaching the Age Limit, unless otherwise notified by the Client, the Client agrees that this EPF Investment Account will continue to be managed as a Private Managed Account whereupon the Manager is hereby authorized to forthwith invest and manage the Investment Assets on an Advisory Basis or on a Discretionary Basis (subject to a minimum investment amount set out in Section 4 of Schedule VI or as otherwise notified by the Manager). The Client agrees that all the terms and conditions of this Agreement where applicable to Private Managed Account shall thereafter apply to the Client and be binding against all parties.

(c) The Client acknowledges that the Fund in this Account will be held for in EPF for the Client, as the ultimate beneficial owner until the Client reaches the Age Limit. Any withdrawal from the said Account will be credited back into the Client’s EPF Member Account with the EPF unless written instruction is given by the EPF to the Manager relinquishing its control of the investments upon the Client reaching the Age Limit or upon the Client closing his Member Account with the EPF.

16. GENERAL

16.1 The Client hereby declares that the terms of this Agreement shall bind his executors, administrators and personal representatives and if body corporate its successors in title and permitted assigns.

16.2 On the demise of an individual Client the Manager will continue to manage the Fund until instructed otherwise by the lawful executor or administrator of the deceased as the case may be.

16.3 All references in this Agreement to the singular shall include the plural (and vice versa) and reference to any gender includes all genders and any reference to a person shall include a firm or limited company. Any reference to a clause, schedule or appendix is a reference to that clause, schedule or appendix to this Agreement and the annexed forms, schedules and appendices form part of this Agreement and a reference to “this Agreement” includes reference to the said forms, schedules and appendices.
16.4 The Client warrants that all information given to the Manager in relation to the Client including that contained in Schedule VI is in all respects true and confirms that the same was given to induce the Manager to enter into this Agreement.

16.5 The Client warrants and undertakes that (a) the Fund is free from any charge, lien, pledge or encumbrance and, unless the Client is a trustee, beneficially owned by the Client. In the event of any trust relationship, the Client undertakes to inform the Manager in writing before entrusting the Fund or any part thereof to them; (b) all necessary consents and authority to enter into this Agreement and to enable all transactions in the Fund to be effected has or will be obtained and that so far as the Client can ensure all applicable law has been and will be complied with in respect of each such transaction; and (c) whenever it acts as agent for another, in doing so, the Client has expressed authority to instruct the Manager and the Custodian on the terms of this Agreement.

16.6 The Client may not assign his rights under this Agreement nor may his obligations here under performed by any other persons without prior written consent of the Manager.

16.7 Without prejudicing Clause 13, any notice under this Agreement shall be in writing and shall be served by hand or by being sent by email prepaid registered post, or facsimile transmissions to the respective addresses and facsimile numbers contained in this Agreement or as otherwise notified to each other from time to time. All communication shall be deemed to have been received at the times in the ordinary course they would be received and if by fax, upon confirmation of a successful transmission and if by email, upon proof of receipt of email.

16.8 The Manager hereby undertakes to notify the Client in the event of any significant change to the investment policy or investment recommendation.

16.9 The rights and remedies herein are cumulative and not exclusive of any rights or remedies provided by law. No failure to exercise or delay in exercising the same shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise thereof.

16.10 The Manager reserves the right to vary any of the terms of this Agreement by written notice to the Client. The variation shall take effect on the date stipulated in the said notice and all transactions effected on the Client’s behalf thereafter shall be governed by this Agreement as varied.

16.11 If any provision of this Agreement becomes invalid, illegal or unenforceable, the parties will endeavour, acting in good faith, to agree the terms of a provision which may be substituted for the invalid, illegal or unenforceable provision. The invalidity, unenforceability or illegality of any provision will not affect the remaining provisions of this Agreement.

16.12 This Agreement and its Schedules and Appendices constitute the final, complete and exclusive statement of the agreement of the parties with respect to the subject matter thereof.

16.13 This Agreement shall be governed by and construed in accordance with the laws of Malaysia. The Client hereby irrevocably submits to the non-exclusive jurisdiction of the courts of Malaysia.

16.14 Each party shall pay their own Solicitors’ costs.

17. ANTI-MONEY LAUNDERING
17.1 The Client hereby represents warrants undertakes and acknowledges that:
(a) Unless and until the Client notifies the Manager to the contrary in writing, all monies which will be paid to the Manager shall come from a lawful source of activity and not Unlawful Activity.

(b) The Client will notify the Manager in writing if the Client is an intermediary for other persons, and in such event, the Manager shall have the sole and absolute discretion on whether to agree to accept the Client acting as such and,

(i) the Manager may require, and the Client agrees and undertakes to provide verification of the identity of the beneficiary and such other information as the Manager may require, including but not limited to certified true copies of any authorisation to act or documents that may be required for the purposes of verifying the information provided by the Client, which the copies thereafter will be retained by the Manager;

(ii) The Client further declares and certifies that the necessary “know-your-client” checks will have been conducted including but not limited to the identity, existence, address and nature of the business of the beneficiary; and

(iii) it is further agreed and understood that the disclosure and provision of details of the Client’s beneficiary shall not make the Client’s beneficiary a client of the Manager and the Manager shall be entitled to hold and deal with the Client as the principal.

17.2 Notwithstanding Clause 18.1 hereof, the Client hereby irrevocably and unconditionally agrees and undertakes that:
(a) the Client shall advise the Manager forthwith in writing of any change to the Client’s particulars in this Agreement;

(b) the Client shall disclose and furnish to the Manager any information required or deemed necessary and to the satisfaction of the Manager in a timely manner within the period specified by the Manager, whether or not for the purposes of complying with the laws, rules, regulations, directives and guidelines of Bank Negara Malaysia and/or given, made or established by the Manager;

(c) pending receipt of information by the Manager from the Client and until received and verified thereof to the satisfaction of the Manager and/or the relevant authorities, the Manager shall not be obliged to proceed with any transactions; and

(d) in no event shall the Manager and/or its related companies be liable for any direct or indirect consequences or any losses whatsoever or howsoever arising or by reason of the Manager’s exercise of its duties under the laws for the time being in force, in particular but not limited to its statutory duties under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

18. DATA PROTECTION

18.1 The Manager and the Client hereby declare that the processing of personal data in transactions and matters connected therewith and incidental thereto shall be in accordance with Personal Data Protection Act 2010.

PART 3: FATCA & CRS DECLARATION

I/ We declare that I have examined the information on this form and to the best of my knowledge and belief, it is true, correct, and complete.

I/ We hereby consent for Phillip Capital Management Sdn Bhd (PCM) that PCM shall have right to provide my/our personal data and information to regulatory authorities in accordance with the requirements of Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) for the Automatic Exchange of Financial Account Information as may be stipulated by applicable laws, regulations, agreement or regulatory guidelines or directives.

If there is any update to the account information/ FATCA/ tax residency status or if updates reveal any U.S. indicia or change to FATCA status or tax residency status, I/ We hereby agree to notify and furnish PCM with the relevant documentary evidence within 30 Days of such change

SCHEDULE I - PARTICULARS OF PARTIES

SECTION

ITEM

PARTICULARS

THE MANAGER

PHILLIP CAPITAL MANAGEMENT SDN BHD

(Company Reg. No.: 199501004372)

B-18-6, Block B, Level 18, Unit 6, Megan Avenue II,

No. 12, Jalan Yap Kwan Seng,

50450 Kuala Lumpur.

Tel: 603 2783 0300

Fax: 603 2166 5099

CUSTODIAN

Local Investment Custodian:

PHILLIP NOMINEES (TEMPATAN) SDN BHD [202201022253] *

PHILLIP NOMINEES (ASING) SDN BHD (202201022254)*

B-18-6, Block B, Level 18, Unit 6, Megan Avenue II,

No. 12, Jalan Yap Kwan Seng, 50450 Kuala Lumpur.

Tel: (603) 2162 1628

Fax: (603) 2162 1678

* Appointed as custodian starting 15th October 2022
Or any other Custodian appointed by the Manager.

Foreign Investment Custodian:

PHILLIP SECURITIES PTE LTD

(Company Reg. No. 197501035Z)

250, North Bridge Road, #07-01 Raffles City Tower,

Singapore 179101

Tel : (65)65336001

Fax : (65)65353834

Or any other Custodian appointed by the Manager.

MINIMUM COMMITMENT

Local Investment:

Phillip Managed Account (Cash Account)

Opportunity / 4%

RM 200,000

Mini / Blue Chips / Dividend Enhanced / Environment, Social & Governance (ESG) / Managed UT

Exchange Traded Fund / Dividend Yield

RM 50,000

Phillip Managed Account For Retirement (EPF Investment Account)

Opportunity / Blue Chips / Environment, Social & Governance (ESG) /

Exchange Traded Fund / Dividend Enhanced

RM 30,000 (subject to an initial investment of RM 10,000)

Unit Trust

RM 30,000 (subject to an initial investment of RM 5,000)

Conversion of Phillip Managed Account for Retirement (EPF Investment Account) to Private Managed Account (Cash Account) Upon Reaching Retirement Age*
Discretionary	RM 50,000
Advisory	RM 20,000

* Fund Manager have the right to accept or reject client conversion from EPF Investment Account to Cash Account.

Foreign Investment:

Phillip Global Wrap Account (Cash)
PGWA / Managed Fund Global (DWrap) /PGWA World Leaders / Quant Global & Asia Pacific	RM 50,000
Phillip Portfolio Masters (PPM)	RM 100,000 Except for Japan Equity Series: RM500,000
New Frontiers	RM 200,000

SCHEDULE II – INVESTMENT ASSETS AND GUIDELINES


	√	Cash & other money market instruments
	√	Debentures including Bonds and/or Sukuk
	√	Stocks and shares (including their derivatives)
	√	Collective Investment Schemes including Unit Trusts, Wholesale Funds, Exchange Traded Funds (ETF), Real Estate Investment Trusts (REIT)
	√	Foreign Securities
		Ethical Securities
	√	Shariah-based Fund
	√	Shariah Compliant Securities (as per the List of Shariah-Compliant Securities by the Shariah Advisory Council of the Securities Commission Malaysia updated on every last Friday of the month of May and November every year)
		Others (please specify any other limitations, instructions or restrictions)
Risks associated with the above Investment Assets includes but not limited to: Market risk, stock specific risk, country risk, currency risk, interest rate risk, credit/default risk, liquidity risk, inflation risk, management risk, risk of non-compliance, risk of investing in futures, issuer risk.

RISK DISCLOSURE

Risks associated with Stocks and Shares (including their derivatives), Foreign Unit Trusts and Foreign Securities. This list is not to be considered to be an exhaustive list.

Currency Risk

All foreign investments are subject to currency risk. For foreign funds, currency risk remains during the redemption period until the investments are fully converted to ringgit or the currency requested.

Liquidity risk

The fund manager may make investments in securities, commodities, derivatives and other markets that are illiquid. This may result in higher volatility in prices and Net Asset Prices (NAVs).

Regulatory risk

All investment in foreign countries are subject to their own laws and regulations and these may not be the same as in Malaysia.

Alternative Investment

Alternative Investments are funds that are allowed to invest in non-traditional securities and products. Their underlying assets may include participation in the trading of a managed portfolio of investments in futures, options, forward contracts, swaps and other derivative investments to access a broad range of markets including stocks, bonds, currencies, interest rates, energies, metals, credit, agricultural and commodities.

Forward Pricing

Forward pricing of a fund means the price to redeem is based on the next valuation date (next day, next week or next month). Generally open-ended alternative investment instruments are priced on a weekly basis and close-ended alternative investment instruments only provide monthly pricing (i.e. monthly redemption). This means that the fund manager and investors will not know the price and NAV of the funds upon submission for the redemption as the redemption is always based on the next valuation date as stated in the funds' prospectuses.

Redemption Process

For close-ended alternative investment instruments, the redemption cut off time is before 10th of every month. All redemptions orders received after 10th of each month will be based on the NAVs for the following month. For example, an investor who redeems on 15th of June will receive redemption proceeds based on the NAV for July which would be released only in the 3rd week of August. Thereafter, investor would receive their monies 2 to 3 weeks later (around mid of September in this case). On average, the entire process to redeem investment in the close-ended alternative investment instruments may take up to 2.5 months.

SCHEDULE III - FEES AND CHARGES

SECTION	FEES	PARTICULARS
1.	Service Fee	3.00% for every capital injection.
2.	Annual Management Fee (including Taxation)	Phillip Managed Account (Local Cash Investment Account) : Market Value Annual Management Fee First RM500,000 1.50% RM500,000 to RM2 million 1.25% Above RM2 million 0.75% Phillip Managed Account For Retirement (EPF Investment Account): 1.50% on the market value of the Fund accrued monthly at the end of each calendar month and payable quarterly in arrears. The basis of market valuation used for the Fund is set out in Schedule VI. Phillip Global Wrap Account (Foreign Investment Account): Market Value Annual Wrap Fee FirstRM50,000 1.50% RM50,001 toRM500,000 1.25% RM500,001 toRM5,000,000 1.00% AboveRM5 million 0.75% The basis market valuation used for the Fund is set out in Schedule VI.
3.	Custodian Charges	Transaction Fees (Sales and Purchases of Listed Securities) : 0.12% on each transaction amount. Only applicable for Phillip Managed Account and Phillip Managed Account For Retirement. Custodian Fee : 0.03% p.a * *based on market value of the Assets as at each calendar month, payable to the Custodian on a monthly basis.
4.	Other Fee	Performance Fee (Phillip Managed Account & Phillip Global Wrap Account (Cash Account) only): The client shall pay to the Manager a Performance Fee at the rate of 10% of the Excess Returns* provided that the fund return is more than 4% per annum. The Performance Fee payable in each quarter shall be computed at 10% of the increase in market value (quarter) from the previous highest quarter market value where market value (quarter) is the market value of the fund at the end of March, June, September and December in a calendar year. The quarterly Performance Fee shall be deducted from the fund at the beginning of the following quarter. Excess Returns shall mean the excess over the targeted performance of the Fund for the year (the targeted performance shall not be less than 4% per annum).
5.	Sales and Service Tax (SST) and/or any other applicable tax as imposed by the Government of Malaysia	SST and/or any other applicable tax as imposed by the Government of Malaysia (where applicable) is payable to Ketua Pengarah Kastam or the relevant tax authority and will be deducted directly from your account with us with a standard rate.

SCHEDULE IV - ELECTRONIC PORTFOLIO MANAGEMENT SERVICES

1. Service

Phillip Invest (Formerly known as POEMS) and Financial Access Made Easy (FAME) (collectively, the “Electronic Portfolio Management Services”), are telecommunications network and a software package respectively provided by the Manager or that is available to the Clien that:

(a) Enables the Client to access Statement and Valuation of Investment held in the Fund;

(b) Enables the Client to transmit Securities order to the Manager for execution ; and

(c) Enables the Client to have access to key market indicators. The Electronic Portfolio Management Services provides source information, analysis and commentaries on securities listed on the Bursa Malaysia Berhad (“Bursa Malaysia”).

2. User Guide

The Client agrees to abide by the procedures and instructions set out in the Manager’s user guide in respect of any item of the Electronic Portfolio Management Services which the Client wishes to access or avail of.

3. Terms and Conditions

All orders placed via the Electronic Portfolio Management Services in relation to any Fund with the Manager are also subject to the same terms and conditions governing the maintenance and operation of the Fund generally.

4. Risk

Orders placed via the Electronic Portfolio Management Services are placed at the Client’s sole risk. The Client agrees to check and ensure that such orders have been properly received and accepted by the Manager and acknowledges that the use of Electronic Portfolio Management Services for placement of orders also implies full responsibility that no unauthorized person will have the right to access and use the Electronic Portfolio Management Services via the Personal Identification Number(s) (“PIN”) or Password(s) (collectively, the personalized security code(s)).

5. Distribution

The Client is not entitled to and shall not reproduce, transmit, disseminate, sell, distribute, publish, broadcast, circulate, exploit (whether for commercial benefit or otherwise) the information and/or reports obtained from or through the Electronic Portfolio Management Services in any manner whatsoever without the express written consent of the Manager and shall not use the information for any wrongful or illegal purpose.

6. Intellectual Property

In requesting the Manager to commence providing the Electronic Portfolio Management Services, the Client accepts and acknowledges the fact that all intellectual property rights (whether by way of copyright or otherwise) in the information and reports available from and generated on the Electronic Portfolio Management Services as well as the Electronic Portfolio Management Services itself vest solely in and will remain the exclusive property of the Manager. The Client therefore agrees not to do anything that will violate or infringe the Manager’s intellectual property rights and will take all necessary measures to preserve and protect these rights.

7. Limitation of Liability

None of the Manager, his employees or agents has any responsibility to the Client for any loss or damage arising directly or indirectly from the Client’s use or reliance on the information and/or report accessed from the Electronic Portfolio Management Services. Neither is the Manager, his employees or agents responsible should the Client fail (otherwise than through the Manager’s wilful default) to gain access to the Electronic Portfolio Management Services for any reason. None of the Manager, his agents or servants (except for fraud directly attributable to the Manager) is to have any liability for the Client suffering any prejudice, loss or damage by reason of the information and/or reports being accessed by the Client being incomplete, inaccurate or corrupted.

8. Warranty

The Manager makes no warranty, guarantee or representation of any kind, expressed or implied, as to the quality or the merchantability or fitness for any particular use or purpose in relation to the information furnished under the Electronic Portfolio Management Services or any other features or aspect of the Electronic Portfolio Management Services, including but not limited to investment advice and/or acc ess to information or the execution of any buy or sell recommendations and/or the cancellation or amendment of the same.

9. Access

The Client also agrees that the Manager has no liability and will not be responsible for any loss or inconvenience that may be suffered by the Client as a result of any action by Bursa Malaysia or the Securities Commission (“SC”) in exercise of their regulatory or supervisory functions over the Manager. The Client agrees to permit the Manager, Bursa Malaysia and/or SC to have access to such terminal as the Manager, Bursa Malaysia and/or SC may request and to co-operate in answering any of their queries in relation to any aspect of the Electronic Portfolio Management Services.

10. Indemnity

The Client undertakes to and shall fully indemnify the Manager and hold the Manager harmless from and against any and all claims, losses, liabilities, costs and expenses (including but not limited to solicitors’ fees on a full indemnity basis) arising or which may arise out of the Client’s breach or violation of these terms. This obligation to indemnify the Manager shall survive the termination of the Electronic Portfolio Management Services.

11. Security

The Client must at all times ensure that the integrity and security of the Electronic Portfolio Management Services is preserved and maintained. Accordingly, the Client must ensure, inter alia, that there is no unauthorized use of the security code(s). The Client will forthwith on being aware of any unauthorized access or theft of the security code notify the Manager and provide such particulars as the Manager may require. The Client is solely responsible to ensure that none of the events as mentioned in this Clause occurs, but if any of them does occur the Client shall indemnify the Manager for any loss and damage that the Manager may suffer as a consequence of such unauthorized access and use.

12. Failure to Receive Confirmation

The Client will notify the Manager forthwith of any failure to receive an appropriate response and/or confirmation that orders have been received and/or executed.

13. Termination

Notwithstanding anything herein to the contrary, the Manager may at any time, in his absolute discretion terminate forthwith, without notice and for any reason whatsoever, the Client’s right of access to and/or use of any of the Electronic Portfolio Management Services. In the event of such termination, the Manager shall not be liable to the Client for any claim, liability or loss (including without limitation anticipated profit) which may be suffered by the Client referable to such termination

SCHEDULE V – VALUATION OF INVESTMENTS

Holdings	Method of Valuation
a. Listed Securities	Closing Market Price
b. Financial Future	Margin
c. Financial Option	Premium
d. Fixed Income Securities/ Debentures/ Sukuk	Unquoted debt securities/sukuk denominated in Ringgit Malaysia will be valued on a daily basis based on fair value prices quoted by a bond pricing agency (BPA) registered with the SC. If the Manager is of the view that the price quoted by the BPA for a specific bond/sukuk differs from the market price by more than 20 basis points, the Manager may use the market price provided that the Manager adheres to the requirements as stipulated in the SC guidelines. In the absence of reliable market quotation, valuation should be: · The average price obtained from at least three (3) independent dealers (eg. Citibank Berhad, AmInvestment Bank Berhad, CIMB Investment Bank Berhad andetc.). In any case, where the market interest rates of similar class of debt securities have changed materially, cost adjusted value should be marked-to-market.
e. Unlisted Securities (including loan stocks, corporate bonds and private debt securities	Fair Value as determined in good faith by the management company, on methods or bases which have been scheme and approved by the trustee, and adequately disclosed in the prospectus of the scheme.
f. Malaysian currency liquid assets	Nominal value
g. Foreign currency liquid assets	Same basis as Malaysian currency liquid assets of similar type, with such adaptations as are necessary.
h. Any other investment	Fair value as determined in good faith by the management company, on methods or bases which have been verified by the auditor of the scheme and approved by the trustee, and adequately disclosed in the prospectus of the scheme.

FATCA & CRS DECLARATION

I/ We declare that I have examined the information on this form and to the best of my knowledge and belief, it is true, correct, and complete.

I/ We hereby consent for Phillip Capital Management Sdn Bhd (PCM) that PCM shall have right to provide my/our personal data and information to regulatory authorities in accordance with the requirements of Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) for the Automatic Exchange of Financial Account Information as may be stipulated by applicable laws, regulations, agreement or regulatory guidelines or directives.

If there is any update to the account information/ FATCA/ tax residency status or if updates reveal any U.S. indicia or change to FATCA status or tax residency status, I/ We hereby agree to notify and furnish PCM with the relevant documentary evidence within 30 Days of such change

I understand and agree to the Investment Management Agreement For Private Managed Account / Phillip Global Wrap Account Terms & Conditions, Electronic Portfolio Management Services, Valuation of Investments, Privacy & Personal Data Policy, Foreign Account Tax Compliance Act (FATCA) & Common Reporting Standard (CRS) Declaration and Fees, Charges & Expenses. I/We hereby authorise my/our appointed Financial Planning Representative to view my/our investment portfolio via POEMS/FAME platform and I/we hereby further undertake to indemnify in full PCM against all consequences, liabilities of any kind whatsoever directly/indirectly arising from or relating to the said authorization.

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Main Applicant's Summary

Preliminary Account Opening

Preference

Mandate

Account Type

Applicant's Details

Salutation

Name

Nationality

ID Number

Date of Birth

City of Birth

Country of Birth

Gender

Bumiputera Status

Race

Marital Status

Mother's Maiden Name

Introducer's Code

Referral Code

Contact Details

Email Address

Mobile Number

Home/Secondary Phone No.

Residential Address

Postcode

City

State

Country

Correspondence Address

Postcode

City

State

Country

Employment Details

Occupation

Current Position

Company Name

Nature of Business

Company Address

Postcode

City

State

Country

Office Phone No

Fax No

Financial Background

Present Annual Income

Source of Funds

Estimated Net Worth

Number of Estimated Transaction in a Year

Estimated Transaction Amount in a Year

Purpose of Investment

Bank Account Details

Bank Name	Bank Acc Currency	Bank Acc Number	Main Bank Acc Holder Name	Joint Bank Acc Holder Name

Foreign Account Tax Compliance Act (FATCA) & Common Reporting Standard (CRS)

Part A: Preliminary Identification

Are you a U.S. citizen or resident?

YES

Is U.S. your place of birth ?

Do you hold a current U.S. residence address/mailing address and U.S. post office box?

YES

Do you have a current U.S. telephone number?

Standing instructions to pay amounts from Phillip Mutual account to an account maintained in the U.S.?

Part B: U.S Person Declaration

Part C: Tax Residency Declaration

Country of Tax Residency	Tax Identification No

Politically Exposed Person (“PEP”)

Are you involved in any political movement or connected to any politically exposed person?

Name	Relationship to Applicant	Occupation	Country

Joint Applicant's Summary

Joint Applicant's Details

Salutation

Name

Nationality

ID Number

Date of Birth

Country of Birth

City of Birth

Gender

Bumiputera Status

Race

Marital Status

Mother's Maiden Name

Introducer's Code

Relationship with Main Applicant

Contact Details

Email Address

Mobile Phone No

Home/Secondary Phone No

Residential Address

Postcode

City

State

Country

Correspondence Address

Postcode

City

State

Country

Employment Details

Occupation

Current Position

Company Name

Nature of Business

Company Address

Postcode

City

State

Country

Office Phone Number

Fax No

Financial Background

Present Annual Income

Source of Fund

Estimated Net Worth

Number of Estimated Transaction in a Year

Estimated Transaction Amount in a Year

Purpose of Investment

Foreign Account Tax Compliance Act (FATCA) & Common Reporting Standard (CRS)

Part A: Preliminary Identification

Are you a U.S. citizen or resident?

Is U.S. your place of birth ?

Do you hold a current U.S. residence address/mailing address and U.S. post office box?

Do you have a current U.S. telephone number?

Standing instructions to pay amounts from Phillip Mutual account to an account maintained in the U.S.?

Part B: U.S Person Declaration

Part C: Tax Residency Declaration

Country of Tax Residency	Tax Identification No

Politically Exposed Person (“PEP”)

Are you involved in any political movement or connected to any politically exposed person?

Name	Relationship to Client	Occupation	Country

Start Investing!

Based on the AMLA Guidelines for Client Due Diligence (CDD) requirements, investors are required to transfer at least RM1 for Bank Negara e-KYC non-face-to-face verification of a customer’s identity. If investors transfer more than RM2 and above or below the initial investment amount for any mandate offered, the transferred money will be automatically invested into Phillip Master Money Market Fund (for conventional preferences) or Phillip Master Islamic Cash Fund (for Islamic preferences)

In accordance to the guidelines on prevention of money laundering and terrorism financing for capital market intermediaries, for the purpose of verification of invertors’ identity, investors who provide of payment are required to provide bank statement while investors who wish to open an account without payment, are required to provide bank statement/ EPF statement/ driving licence/ utility bills (either one) with your name being clearly displayed as additional identification documents and upload it on the right column below.

Kindly refer to the illustration below:

e-KYC Non-face-to-face Verification	Documents Required
With Payment	Bank statement with your name being clearly displayed.
Without Payment	Additional identification documents: Bank statement/ EPF statement/ driving licence/ utility bills (either one) with your name being clearly displayed.

Kindly note that in order for the investment portfolio managers to begin investing, investors are encouraged to fund the account by making payment of minimum investment amount (click here to find out more about minimum investment amounts). If payment made is less than minimum investment amount, the investment made would be placed in the money market fund (Conventional or Islamic, depending on the investor’s preference) or into deposits with licensed financial institutions to earn a nominal income.

Open an account without a payment

Please be informed that by opening an account without injection:

a. You will have limited access to POEMS system until an injection is made.

b. You will have 30 days to make an injection before your account is suspended.

Kindly upload your supplementary document here:

Please provide bank statement, EPF statement or driving license or utility bill with your name being clearly displayed.

Choose Payment Method:

Kindly take note of the following:

a. No third party payment is accepted. If payment is made by third party, your application risks being rejected.

b. You will be redirected to the online banking portal of the bank you have chosen to make a payment.

Pay with

Amount (MYR):

Bank:

Kindly upload your proof of payment here:

Kindly take note of the following:

a. Payment to be made to the following bank account:
i. For Phillip Managed Account (PMA) - please click here
ii. For Phillip Global Wrap Account (PGWA) - please click here

b. No third party payment is accepted. If payment is made by third party, your application risks being rejected.

c. Ensure that proof of payment is within acceptable format. Please click here to view Sample Proof of Payment

Kindly upload your supplementary document here:

Kindly note that this bank statement/proof of bank account ownership is different from Redemption instruction purpose.

Minimum Initial Investment Amount	RM30,000 (subject to an initial investment of RM5,000)
Subsequent Minimum Investment Amount	RM5,000
Service Fee	3% of every capital injection
Annual Management Fee	1.50% pa (< RM500,000) 1.25% pa (RM500,001 – RM2,000,000) 0.75% pa (>RM2,000,000)
Custodian Fee	0.03% per annum.
Additional Information	No restriction on withdrawal after one year of investment. Penalty of 2.5% will be imposed for investment below maturity of 12 months.

Minimum Initial Investment Amount	RM30,000 (subject to an initial investment of RM10,000)
Subsequent Minimum Investment Amount	RM10,000
Service Fee	3% of every capital injection
Annual Management Fee	1.50% pa (< RM500,000) 1.25% pa (RM500,001 – RM2,000,000) 0.75% pa (>RM2,000,000)
Custodian Fee	0.03% per annum.
Additional Information	No restriction on withdrawal after one year of investment. Penalty of 2.5% will be imposed for investment below maturity of 12 months.

Minimum Initial Investment Amount	RM30,000 (subject to an initial investment of RM10,000)
Subsequent Minimum Investment Amount	RM10,000
Service Fee	3% of every capital injection
Annual Management Fee	1.50% pa (< RM500,000) 1.25% pa (RM500,001 – RM2,000,000) 0.75% pa (>RM2,000,000)
Custodian Fee	0.03% per annum.
Additional Information	No restriction on withdrawal after one year of investment. Penalty of 2.5% will be imposed for investment below maturity of 12 months.

Minimum Initial Investment Amount	RM30,000 (subject to an initial investment of RM10,000)
Subsequent Minimum Investment Amount	RM10,000
Service Fee	3% of every capital injection
Annual Management Fee	1.50% pa (< RM500,000) 1.25% pa (RM50,001 – RM500,000) 1.00% pa (RM500,001 – RM5mil) 0.75% pa (>RM5mil)
Custodian Fee	0.03% per annum.
Additional Information	No restriction on withdrawal after one year of investment. Penalty of 2.5% will be imposed for investment below maturity of 12 months.

Minimum Initial Investment Amount	RM30,000 (subject to an initial investment of RM15,000)
Subsequent Minimum Investment Amount	RM15,000
Service Fee	3% of every capital injection
Annual Management Fee	1.50% pa (< RM500,000) 1.25% pa (RM50,001 – RM500,000) 1.00% pa (RM500,001 – RM5mil) 0.75% pa (>RM5mil)
Custodian Fee	0.03% per annum.
Additional Information	No restriction on withdrawal after one year of investment. Penalty of 2.5% will be imposed for investment below maturity of 12 months.

Joint Account Opening

Part A: Preliminary Identification

Part B: U.S Person Declaration

Tax Residency Declaration

Foreign Tax Residency Details for Main Applicant

Foreign Tax Residency Details for Joint Applicant

Main Applicant :

Joint Applicant :

1. Tell us your investment experience.

2. Tell us your investment goals.

3. What percentage of your total net worth do you expect this investment to represent?

4. How would you describe your investment style?

5. What chance is there that you may need to withdraw most or all of this investment earlier that anticipated?

6. If you purchased an investment and the value dropped by 20% after 3 months, but it still looked like a good investment, you would:

7. In a period of one year, how much of a drop in value of this investment could you tolerate before feeling uncomfortable?

8. Over next 3-5 years, are you confident that your income will meet your ongoing expenses?

9. How long do you expect to hold this investment?

10. Tell us your age.

Operating Instructions For Investment

REDEMPTION INSTRUCTIONS

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