TRANSACTION NOTICE
Internet Risk
Please read the Internet Risk at the
disclaimer page.
Online Provider
Areca Capital is a fund management company licensed by the Securities Commission Malaysia to manage and distribute private mandates and unit trust funds. We are registered with the Federation of Investment Managers Malaysia as one of the institutional unit trust adviser to distribute and market unit trust funds of other fund houses.
New Investment
New investment and additional investment of unit trusts can be conducted through this website. Units will only be issued upon receipt of payment(s) together with the completed submission via online. Nevertheless, you may perform your investment by submitting the physical application forms to our Head Office or any of our representative office as stated in the respective Prospectuses and Information Memorandum. You may also contact your current servicing unit trust scheme consultant or our Investor Care at 03-7956 3111 (8.45am – 5.45pm – Monday to Friday) or email us at clientservices@arecacapital.com.
Investment transacted before or at the stated cut-off time on any business day will be processed based on the price determined for the same business day, whilst investment transacted after the stated cut-off time will be processed based on the price determined for the next business days. Any investment transacted on a non-business day will be treated as investments transacted on the following business day.
Please read the electronic prospectus/information memorandum and supplementary prospectus/information memorandum before proceed to investment.
Please read the TERMS AND CONDITIONS section before proceed to investment.
Alternative Methods for transacting besides Areca Online
For any transactions permitted by the Prospectuses or Information Memorandum but not facilitated by ARECA Online such as redemption, switching, transfer or cooling-off, the user may perform these transactions by submitting the physical application forms to our Head Office or any of our representative office as stated in the respective Prospectuses and Information Memorandum. Please refer to respective Prospectuses and Information Memorandum for more details of the procedures for the transactions of Units or you may also contact our Investor Care at 7956 3111 (8.45am to 5.45pm - Monday to Friday) or your current servicing unit trust scheme consultant.
Withdrawal
If an applicant applied for units in the funds and a supplementary prospectus or replacement prospectus is delivered to the Securities Commission Malaysia for registration before the issuance or transfer of units to the applicant, the applicant will be given the opportunity to withdraw his/her application within 14 days from the date of his/her receipt of notice of the registration of the supplementary prospectus or replacement prospectus. Application for units in the funds cannot be withdrawn where a supplementary prospectus or replacement prospectus has been registered after the issuance or transfer of units to the applicant.
Suspension of investment schemes and reject investment application
Where there is a prescribed period for specific collective investment schemes or where the transactions of units in the scheme are suspended, Areca reserves the rights to reject any investment application in whole or in part without assigning any reason. Investor will be notified and Areca will refund the money, made payable to the principal holder, within 7 days from the date of receipt of the duly completed Investment Application.
The suspended fund will not be shown in the system for selection. Should you need further clarification, please contact our Investor Care at 03-7956 3111 (8.45am – 5.45pm – Monday to Friday) or email us at clientservices@arecacapital.com.
TERMS AND CONDITIONS ON ACCOUNT OPENING AND INVESTMENTS
1. Rights of the Areca Capital Sdn. Bhd. (“ACSB” or “the Company”)
• The Terms and Conditions herein are not exhaustive and the Company reserves the right to add, delete, vary or amend these Terms and Conditions at any time and from time to time at its sole and absolute discretion and the Account Holder(s) hereby agree to any such additions, deletions, variations or amendments to the Terms and Conditions. Where there are conflicting terms, the terms in the relevant disclosure documents shall prevail.
• ACSB reserves the right to reject any investment application in whole or in part without assigning any reason. Rejected applicant will be notified and ACSB will refund the applicant money, made payable to the principal holder, within 7 days from the date of receipt of the duly completed Investment Form.
2. Account Holder(s)/Joint Holder(s)
• Principal Holder must be 18 years and above and must sign on the Account Opening Master Form.
• A Joint Holder may be a minor, in which case, signature may not be required. Specimen signature is required upon Account Holder reaching 18 years of age.
• In the case of death of a non-Muslim Account Holder for Funds managed by ACSB, the surviving Joint Holder(s) will be the only person(s) recognised by ACSB and/or the trustee of the respective unit trust fund as having title, right or interest to and in the units held, except where the units have been collateralised or charged to any institution.
3. Anti-Money Laundering Statement
• The source of all funds paid by the Account Holder(s) to ACSB from time to time shall come from the Holders(s)’s legitimate source or business activity.
• Account Holder(s) must provide all information and documents required and declare that all particulars given are true and complete to allow ACSB to verify the Account Holder’s identity.
• ACSB shall not be held liable for any reason whatsoever and Account Holder(s) agree(s) to indemnify the Company from any losses whatsoever as a result or in connection with any delay or failure to process any application/transaction if such information and/or documents are not provided on time to the Company.
• ACSB reserves the right to reject any application if the Account Holder(s) is/are not able to prove the information and/or documents required or if the Account Holder(s) is/are found to have breached or incompliance with the laws, regulations and rules on Anti-Money Laundering and Anti- Terrorism Financing Act 2001 (AML/ATF) and ‘Know Your Customer’ policy of the Company. Rejected application will be notified.
4. Personal Data Protection
• The protection of personal data is an important concern to ACSB. Any personal data collected on the Online Account Opening Form will be treated in accordance with the Personal Data Protection Notice of ACSB (PDPA Notice). Kindly visit www.arecacapital.com to view the contents of the ACSB’s PDPA Notice.
• Please ensure that you have read and understood the PDPA Notice and, where you have provided us with the personal data of any other person, the said person has also read and understood the PDPA Notice. By executing Online Account Opening Form -, you represent that
(a) you have read and understood the PDPA Notice and consent to ACSB processing of your personal data; and
(b) where you have provided the personal data of any other person, the said person has read and understood the PDPA Notice and he/she consents to ACSB processing of his/her personal data.
5. Application and Remittance
• All instructions, investments and transactions will be carried out according to the instructions of Account Holder(s) during Online Account Opening or any subsequent written notice duly received by ACSB. Transactions are subject to the availability of units of the relevant unit trust fund(s).
• Payment should only be made through FPX, JomPay, telegraphic transfer, bank or online transfer, cheque or bank draft.
• All cheques/bank drafts should be issued in the name of “Areca Capital Sdn. Bhd.” crossed and insert ‘Account Payee Only’ as a remark. A copy of the bank-in or transaction slip must be sent together with any of the transaction request to ACSB.
•ACSB will only accept and process the investment application upon clearance of cheques/bank drafts. ACSB reserve the rights to reject or defer the transaction should the clearance of cheques/bank draft is delayed.
• For all modes of payment, please ensure that the Account Holder’s name, Account Holder Number (if known) and contact number are written on the reverse side of the bank-in slip, transaction slip or any other proof of payment.
• Cash payments, cash deposits and payments made by a third party is not permiited.
• Units will be priced based on the Net Asset Value (NAV) calculated at the end of the business day upon receipt of the duly completed online investment application. Units will be credited upon clearance of payment, after deduction of the necessary fees, charges, taxes and other deductions, where applicable.
• Notwithstanding the above, for investment in Money Market Funds, you are required to ensure funds are successfully remitted before submitting any Money Market investment application to ACSB. ACSB reserve the rights to reject or defer the application of investment if ACSB does not received the full payment.
6. Issuance of Official Receipt and Statement of Accounts
• A confirmation note will be issued to the Principal Holder within 10 business days from the date of investment under normal circumstances.
• Statement of Accounts detailing all active accounts will be issued to Principal Holder periodically.
• All items and balances shown in the confirmation notes and Statement of Accounts will be considered correct unless the Company is notified in writing of any discrepancy within 14 days from the date of the confirmation notes and Statement of Accounts.
• All notices, statements, vouchers, correspondence and other communications will be addressed to the Principal Holder only at the address herein.
7. Redemption of Units and Cooling-Off
• Account Holder(s) may redeem units by filling up the relevant Redemption Form by forwarding the duly signed original form to ACSB.
• Units shall be redeemed based on the NAV calculated at the end of the business day upon receipt of a duly completed Redemption Form.
• For partial redemption, the Account Holder(s) must leave a minimum balance of units required to maintain the relevant unit trust fund’s account. In the event any request for partial redemption results in the Account Holder(s) holding less than the minimum balance of units required, ACSB reserves the right to fully redeem all the units held by the Account Holder(s).
• Redemption proceeds may be credited directly to the Principal Holder’s bank account. If other modes of payment are selected, kindly allow sufficient time for the cheques to reach the Account Holder(s) and/or for the funds to clear.
• To protect the interests of the Account Holder(s), ACSB is unable to make payments to third parties. Unless otherwise specified, all redemption proceed will be made to the Principal Holder only.
• A Cooling-Off period of 6 business days from the date of application for units is provided for the Account Holder(s) to confirm the initial investment. This right is not applicable for subsequent investments of the Account Holder(s) and is not extended to corporate/institutional investors and investors who are staff/distributors of the Company.
8.Switching of Units
• Account Holder(s) may switch investments in any fund distributed by ACSB by filling up the Switch Form and forwarding the duly signed original form to the ACSB.
• If the switching is made to an initial/new fund, the net amount must meet the minimum requirement of the new fund’s initial investment amount. For partial switching, the Account Holder(s) must leave a minimum balance of units required to maintain the fund’s account. In the event any request for partial switch results in the Account Holder(s) holding less than the minimum balance of units required, ACSB reserves the right to fully switch all the units held by the Account Holder(s).
• ACSB may charge a switching fee as disclosed in the Product Highlight Sheet and Prospectus(es)/Information Memorandum(s) of the respective fund(s).
• Switching between fund houses is allowed only for CASH investments.
• Switch-sell and switch-buy transaction between different fund houses will be effected on different transaction day and hence different Net Asset Values (NAV) of the respective funds shall apply.
9. Transfer-In
• Transfer-in of units from another distributor to ACSB is only allowed when there is no change of beneficial owner including Joint Holder(s).
• It will take about two weeks to complete the transfer-in process. The process will take longer as it is subject to the completeness of information/documents provided by Account Holder and transferor’s confirmation.
10. Voting Rights of the Account Holders
• No voting rights will be accorded to Account Holder as ACSB or its nominee will be the registered unit holder, save and except for funds managed by ACSB and EPF member investment scheme where Account Holder will be the registered unit holder.
11. Income Distribution and Reinvestment Policies
• Income distributions declared by the Manager of the unit trust fund shall be reinvested in new units of the same fund except where reinvestment is not allowed.
12. Fees, Charges and Expenses
• The Account Holder(s) shall be responsible for the payment of any charges, fees, costs, expenses, taxes (if any) and other liabilities properly payable or incurred by ACSB and in holding or executing transaction in respect of any of the units.
13. E- statements/reports
• The investor understands and accepts the risk associated with the investor’s request to have the e-statement/reports sent via electronic means. You may revoke your instruction to receive the e-statement/reports request at any time by submitting update form to the Company.
• Upon request to send your statement(s), report(s) and other communication(s) via electronic means (“e-Report), ACSB will not be sending paper-based (hardcopy) statements/reports to you. However, printed copies of your statement(s) and reports(s) are available upon request.
TERMS AND CONDITIONS ON ARECA ONLINE USAGE
Access and Login ID
• To register for Areca Online, please submit your Consent & Online Access Form to Areca Head Office / Areca Branches or contact your servicing Unit Trust Consultant.
• Your Online Account will be activated within 3 business days upon receipt of the duly completed Consent & Online Access Form.
• Access will only be granted after it has been verified that you are authorized to access, view the information of the account(s) and perform transaction for the account(s) via online. User can only apply for access to account(s) where the User is a principal holder, joint holder, authorized User by the corporate account holders.
• Areca Online is meant for internal use only. The User shall not give or forward any parts of Areca Online information whether in soft copy (including print screen) or printout to third parties.
• ACSB reserves the rights to terminate any Login ID to disable the User continue access into Areca Online and has the absolute discretion to suspend or cancel the User access to Areca Online without giving any reasons whatsoever at any time without prior notice. It is also Areca's discretion to approve or reject any application to access Areca Online.
• The User will be able to access the investment information with a Login ID and password.
• Account Holder(s) are fully responsible for any online activities conducted using the Login ID and password and ACSB may be rightfully assume that any person accessing the Areca Online using the Login ID and password is the Account Holder.
• Access to transact can only be granted to one Login ID only for each investment account.
• In relation to Corporate Account, Director Resolution is required by ACSB to notify ACSB on the authorized personnel for the operation of the Login ID.
2. Computer Misuse
• The user must not misuse the Areca Online by knowingly introduce computer viruses or any other material which is malicious or technologically harmful. The user must not attempts to gain access to Areca Online server on which the Areca Online is stored or any servers, computers and databases connected to Areca Online.
3. Liability
• Under no circumstances, including but not limited to negligence, shall ACSB, it's directors, officers and employees be liable for any direct, indirect, special, incidental or consequential damages whatsoever that result from the use of, or the inability to use, the Areca Online.
• ACSB does not guarantee that the Areca Online can be accessed at all times or as indicated by ACSB. The areca Online may be temporarily unavailable or restricted for administrative or other reasons. If this happens, ACSB will endeavour to restore access to Areca Online as quickly as possible.
• ACSB assumes no responsibility for material created or published by third parties that this website links to.
• The contents of Areca Online are provided "as is" and "as available" basis without warranties of any kind either expressed or implied made in relation to the correctness, accuracy, timeliness or reliability of the content. ACSB can only take responsibility for the reliability of data and information that is within its control. ACSB is not responsible for the data and information entered by the platform users or their sub-distributors. ACSB is not responsible for the accuracy or content of information or material which is provided to you and which you edit, amend, alter and then provide to any third party or provide in a different form from that on Areca Online.
• The User shall release, discharge and indemnify Areca (including but not limited to its directors, officers, employees and assets) from and against liabilities suffered or incurred by you as a result of your use of Areca Online.
• ACSB is not responsible for transmissions of any computer virus or other unwanted programs or information resulting from or associated with your use of Areca Online.
4. Change to these Terms
• ACSB reserved the right to make any changes to the terms and conditions at any time, including the introduction of new terms and conditions.
• Your continued use of Areca Online will constitute your acceptance of the amended terms and conditions.