Administrative Actions in 2023


Nature of Misconduct

Parties Involved

Brief description of misconduct

Action Taken

Date of Action


Breach of Section 356(1)(a) of the Capital Markets and Services Act 2007 read together with Paragraph 4.17, Section B, Part 1 of the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework

Kenanga Investors Berhad (“KIB”)

Breach 1
Delay of one (1) calendar day in the submission of the annual report of a wholesale fund to both the investors and the SC.

Breach 2
Delay of one (1) business day in the submission of the monthly statistical returns for a wholesale fund to the SC.

Penalty of RM5,000.00.

23 February 2023

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