Administrative Actions in 2024

No.

Nature of Misconduct

Parties Involved

Brief description of misconduct

Action Taken

Date of Action

1.

Breach of Paragraph 4.17 and Paragraph 4.18(e) Section B, Part 1 of the LOLA Guidelines

JIA Asset Management Sdn Bhd 

Delay of four (4) business days in the submission of the monthly statistical returns for its wholesale fund known as  JIA AM Durian Growth Opportunities Fund to the SC.

Penalty of RM4,000.00

22 February 2024 

2. Breach of Paragraphs 4.05 and 4.06, Section B, Part 2 of the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework read together with Section 354(1)(b)(ii) of the Capital Markets and Services Act 2007. OCBC Bank (Malaysia) Berhad Delay of one (1) business day in the submission of the monthly post-issuance report for its structured product programme. Penalty of RM1,000.00 23 January 2024
3. Breach of Paragraph 4.05 and 4.06, Section B, Part 2 of the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework read together with Section 354(1)(b)(ii) of the Capital Markets and Services Act 2007 Public Bank Berhad Delay of two (2) business days in the submission of the monthly post-issuance report for their structured product programme. Penalty of RM2,000.00 23 January 2024 
4.

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

Muamalat Invest Sdn. Bhd.

Delay of four (4) business days in the submission of the monthly statistical returns of six (6) wholesale funds to the SC. 

Penalty of RM24,000.

12 January 2024

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