Securities Commission Act 1993 Malaysia

Sc which was established on march 1 1993 under the securities commission act 1993 is a self funded statutory body entrusted with the responsibility to regulate and develop the malaysian capital market.

Securities commission act 1993 malaysia. The securities commission malaysia abbreviated sc a statutory body entrusted with the responsibility of regulating and systematically developing the capital markets in malaysia. International law book services. 4 nothing in paragraph 1 l shall limit or otherwise affect the functions of the commission. Akta suruhanjaya sekuriti 1993 akta 498.

B 57 1993 be it enacted by the seri paduka baginda yang di pertuan agong with the advice and consent of the dewan negara and. Hingga 10hb april 1993. Securities commission act 1993 act 498. Part iv issues of securities and take overs and mergers division 2 take overs mergers and compulsory acquisitions.

The sc established on 1 march 1993 under the securities commission act 1993 is a self funding statutory body with investigative and enforcement powers. And a power to specify includes the power to specify differently for different persons or different. Specify where no manner of specifying is mentioned means specify from time to time in writing. Securities commission malaysia act 1993 incorporating latest amendment up to 24 november 2017 pdf securites commission act 1993 pdf capital markets and services act 2007 order schedule regulation amendments appointment of date of coming into operation.

Get this from a library. Before sc was established few agencies was overseeing. We facilitate a vibrant and collaborative environment which generates and protects wealth and creates value for all. 1 march 1993 p u.

2 repealed by act a987 s 2 3 the commission shall have the functions and powers conferred upon it by or under the securities laws. Its core mandates to regulate and ensure market growth are always done with the objective of protecting the investor. N to promote and maintain the integrity of all licensed persons in the securities and futures industries. Securities laws means the securities industry act 1983 the securities industry central depositories act 1991 the securities commission act 1993 act 498 and the futures industry act 1993.

1 in this division acquirer means. Prior to that securities regulation in malaysia was governed by companies act 1965 securities industry act 1973. Securities commission officially established on 1st march 1993 under the securities commission act 1993. It reports to the minister of finance and its accounts are tabled in parliament annually.

The need for central regulatory agency.