| No. | Nature of Misconduct | Parties Involved | Brief description of misconduct | Action Taken | Date of Action |
|---|---|---|---|---|---|
| 1. | Breach of Section 356 of the Capital Markets and Services Act 2007 for failure to comply with the SC’s Guidelines on Compliance Function For Fund Management Companies. | Capital Dynamics Asset Management Sdn Bhd (a Capital Markets Services Licence holder carrying out regulated activities of fund management ) | Failure to disclose the deferred performance fees chargeable annually in the statements issued to its clients | Directive to disclose to its clients the chargeable performance fees to date, in the statement issued to its clients by 31 December 2014 | 29 September 2014 |
| 2. | Breach of Section 356 of the Capital Markets and Services Act 2007 for failure to comply with the SC’s Licensing Handbook and Guidelines on Compliance Function For Fund Management Companies | Apex Investment Services Berhad (a Capital Markets Services Licence holder carrying out dealing in securities and fund management) |
|
Penalty of RM100,000 | 15 May 2014 |
| 3. | Breach of Section 356 of the Capital Markets and Services Act 2007 for failure to comply with the SC’s Licensing Handbook | AmInvestment Bank Berhad (a Capital Markets Services Licence holder carrying out dealing in securities and fund management) | Allowing unlicensed persons to carry out activities of a licensed person in soliciting fund management clients, including receiving trading orders directly from fund management clients. | Penalty of RM100,000 | 29 January 2014 |
