Regulatory Alerts2019-04-01
Late Submission of Information/Documents pursuant to the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework
The Securities Commission Malaysia enforces strict timelines for the timely submission of information and documents under the Lodge and Launch Framework to ensure product reliability and effective market surveillance. Late submissions constitute a breach of the LOLA Guidelines and trigger administrative penalties calculated at RM 1,000 per day for the first three breaches and RM 4,000 per day thereafter. The regulator reserves the right to adjust penalty computations or impose additional sanctions on a case-by-case basis depending on mitigating or aggravating factors.
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