|Administrative Actions in 2018|
|No.||Nature of Misconduct||Parties Involved||Brief description of misconduct||Action Taken||
Date of Action
|1.||Breach of Section 354(1)(b)(ii) of the Capital Market and Services Act 2007 (“CMSA”) read together with Paragraphs 4.05 and 4.06, Section B, Part 2 of the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework (“LOLA Guidelines”).||HSBC Bank Malaysia Berhad (“HSBC Bank”)||Delay of 1 business day in submitting the post-issuance reports of 8 structured product programmes.||SC imposed a penalty of RM8,000 against HSBC Bank.||5 February 2018|
|2.||HSBC Amanah Malaysia Berhad (“HSBC Amanah”)||Delay of 1 business day in submitting the post-issuance report of a structured product programme.||SC imposed a penalty of RM1,000 against HSBC Amanah.||5 February 2018|
|3.||Breach of Section 356(1)(a) of the CMSA read together with Paragraphs 4.17 and 4.18(e), Section B, Part 1 of the LOLA Guidelines.||Muamalat Invest Sdn Bhd (“Muamalat Invest”), a holder of Capital Market Services License for fund management.||Delay of 1 business day in submitting the monthly statistical returns of a wholesale fund.||SC imposed a penalty of RM1,000 against Muamalat Invest.||5 February 2018|
Note: All administrative actions taken by the Securities Commission are subject to the aggrieved person’s right to appeal to the Commission for a review of the decision under section 146 of the Securities Commission Act 1993 or section 364 of the Capital Markets & Services Act 2007 within 30 days of the decision at first instance.