My normal insider informed that the rule was imposed having been advised by the authorities to prevent money laundering as part of the AMLAATF act thingy which is enforced by both BNM and SC. And with all the news of SPRM going around charging government officials and corruption, they're probably just erring on the side of caution.

Normal investors should not be too worried about the rule but for those who need washing machines for their ill-gotten gains, PNB is one less avenue that's available to them.

I wonder if bank staff make wrong transaction. what happen?

Last time customer want to add more fund but bank staff make mistake goto withdrawn.

Bank staff can try to add fund back to the acocunt if unit available.

So, effective 01 Jan 2017, cannot add fund back if bank staff make mistake?

YES, another term for this is : wealth transfer. Everybody is happy,.... for if suddenly everybody throws PNB units, we also mati,... how to liquidate our investments when the time calls for it ?

Actually,... it is good also that there are people in Msia who are 'under-informed',... they will help to pick up certain areas that may cause us losses, or,.. which we think may cause us losses. We may be wrong, though,.. if there are no such eple, who are goung to give us a chance to liquidate ?

I noticed in other countries, the reactions are very fast,... is we are into an instrument, if there are problems, everybody would have run away already, those who have not run away yet have most probably been locked-in.

To be fair to PNB, they can only do so much. The nature of "on-the-spot" transactions makes them unique but at the same time also open to abuse by irresponsible parties. They're a unit trust product, supposedly for long term and not short term. Such transaction behavior would definitely put them closer to banks than UTMC's.

Having said that, they're doing their best to close the loop. Have you realized that the new management is a lot more transparent as compared to the previous ones? More transparency and adherence to laws always put confidence in people as compared to their "neighbor" (the organization next to the HQ in KL) who reports to no one, have no laws that binds them other then their own made-up acts and rather secretive of their dealings which ends them up lurching from one scandal to another.

Anyone going to compete with me in topping up today?

well for what it's worth, the PNB unit trust finance managers do have impressive CVs.

Mostly foreign graduates

PNB chairman has a master degree from Cambridge....

qualification

But it does give some confidence for starter

and you do know it's not easy to get admitted to Cambridge for graduate or post-graduate studies

They used to show the qualifications of the managers but can't find the info on the website anymore.

I remember most of them are  Cambridge and Oxford graduates .

In PNB we trust
In PNB we grow
In PNB we rich
huat ah!!!

Why 1M become harder to get now? Investor confidence in 1M name now?

Hardest to get become easiest to get now. 1M hardest to get now. How strange..

1st round

5digit ASM
4digit ASW&AS1M

Yes, all 3 books

Not sure, as many as I can

Today FD mature...💪

2nd try.
OMG...unbelievable

My FD almost fully subscribed liao 😱

Unbelievable...finished my FD