Scammers are impersonating UOB Kay Hian entities in Malaysia on social media and messaging apps for fraudulent purposes. Please take note that UOB Kay Hian does not offer personal loans or investment opportunities with guaranteed high profits. Please be cautious of the such scam tactics. Contact your nearest known UOB Kay Hian office for verification if unsure. If you have already submitted your personal documents or paid them money, please report to the Securities Commission and PDRM without delay. You may find useful contacts and links in our Scam Alert resource page of our UTRADE website.
Notice – US Securities Markets Will Transition to T+1 Settlement on May 28, 2024 (Please Read)
Dear Valued Clients,
Reminder: New US Settlement Cycle
Please be informed that U.S. SEC adopted a rule amendment to shorten the standard settlement cycle for securities trades from two business days after the trade date to one business day after the trade date (from T+2 to T+1) effective 28 May 2024 onwards.
The intention of shortening the settlement cycle for US trades is mainly to reduce credit, market and liquidity risks arising from unsettled securities trades. Besides, it will also enable investors to access the proceeds from the securities transactions sooner than they are able in the current T+2 environment.
Kindly be guided accordingly.
Thank you.