Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
Bangko Sentral requires certification for UITF marketing personnel
Bangko Sentral requires certification for UITF marketing personnel
ABS-CBN News
Published Oct 30, 2018 03:30 PM PHT
The Bangko Sentral ng Pilipinas Headquarters in Manila. Jonathan Cellona, ABS-CBN News
MANILA -- Those selling UITFs or Unit Investment Trust Funds will need certification from reputable financial services agencies, the Bangko Sentral ng Pilipinas said Tuesday.
A transitory rule will allow existing UITF marketing personnel until 2021 to be certified. Those who fail the certification during the transition will not be allowed to sell UITFs until they are certified.
The UITF certification program will be composed of a qualifying exam and requirements for continuing education and registration to enable regulators to monitor and manage marketing personnel, the BSP said.
"It will likewise ensure that the marketing personnel can provide sufficient information on UITF to clients, as well as promote delivery of safe and effective products and services," the BSP said in a statement.
ADVERTISEMENT
Certified UITF marketers will be required to attend training, seminars and conferences to maintain "active status," the BSP said.
ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.
Our website is made possible by displaying online
advertisements to our visitors. Please consider supporting
us by disabling your ad blocker on our website.
Our website is made possible by displaying online
advertisements to our visitors. Please consider supporting
us by disabling your ad blocker on our website.
