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.