1. Can I appeal against the decision of the Audit Oversight Board with regard to the sanction imposed? If so, how should I appeal?
Yes, a person who is aggrieved by the decision of the Audit Oversight Board under subsection 31P(1) or (1A), section 31Q or subsection 31Z(2) of the Securities Commission Malaysia Act 1993 may appeal in writing to the Securities Commission Malaysia.
2. When must I file the appeal?
The appeal must be filed within 30 days from the date on which you are notified of the said decision.
3. What should I state in my appeal?
In your appeal, you must clearly state the ground(s) of your appeal and attach all relevant documents to support your appeal.
4. To whom should the appeal be addressed to?
The appeal should be addressed to –Commission Secretary
Securities Commission Malaysia
No. 3, Persiaran Bukit Kiara
Bukit Kiara
50490 Kuala Lumpur
5. When will my appeal be decided by the Securities Commission Malaysia?
Pursuant to section 31ZB(4), the Securities Commission Malaysia shall decide on an appeal within a period of three (3) months from the date the appeal is made.
6. Will the sanction imposed by Audit Oversight Board against me continue to take effect after I have filed my appeal to the Securities Commission Malaysia?
Where there is an appeal against the decision of the Audit Oversight Board, the decision of the Audit Oversight Board under subsection 31P(1) or (1A), section 31Q or subsection 31Z(2) of the Securities Commission Malaysia Act 1993 shall not take effect until the appeal is disposed of.
7. What is the possible outcome of my appeal?
The Securities Commission Malaysia may –
(a) affirm the decision of the Audit Oversight Board;
(b) set aside the decision of the Audit Oversight Board; or
(c) substitute the decision of the Audit Oversight Board with its own decision.

In any event, you will be notified in writing as to the decision of your appeal.