UHY Hacker Young
Regulator warningMalaysia. Named in 1 sanctions listing.
Summary
UHY Hacker Young LLP
Sanctions and listings1
- Effective
- 29 Jan 2020
Official designation
Suruhanjaya Sekuriti MalaysiaMalaysia Securities Commission AOB EnforcementsMalaysia
Monetary Penalty of RM125,000 and on 27 february 2020, the firm appealed to the sc on the sanction. the sc on 15 may 2020 set aside the first breach and affirmed the second breach. the monetary penalty was substituted to rm75,000.
The AOB sanctioned the Firm for the following: Breaching section 31N(1)(a) of the Securities Commission Malaysia Act when the Firm was reappointed as auditor of a public interest entity when its recognition with the AOB had expired (First Breach); and Failing to inform the AOB within 10 working days when one of the AOB recognised partner retired and the Firm had only two (2) partners recognised with the AOB from 1 December 2017 to 7 May 2018, which was less than the minimum requirement of three (3) partners for recognition with the AOB (Second Breach).
Breach the AOB’s recognition condition imposed under Section 31O(3) of the Securities Commission Malaysia Act 1993
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