The SC is responsible for the regulation of all matters relating to unit trust funds under the Securities Commission Act, 1993. It has a set of guidelines for unit trust funds designed to safeguard the interests of the investing public and to facilitate the orderly development of the industry. Appointments of key participants to a unit trust fund, such as the appointment of management company, board of directors, chief executive officer, investment committee members and Shariah Advisor, also comes within the regulatory purview of the SC.