Malaysia legislation

Section 11

of COMMODITIES TRADING ACT 1985

Section 11

The Commissioner shall have the power—

(a)

to require the chief executives of the exchange company and of the clearing house to keep him fully informed of such activities and developments in the exchange company and the clearing house as may be specified by him in writing;

(b)

to communicate to the Management Board the full facts concerning any transaction or market operation, including the names of parties thereto, which in the judgement of the Commissioner disrupts or tends to disrupt any market or is otherwise harmful or against the best interests of producers, consumers or investors, or which is necessary or appropriate to effectuate the purposes of this Act provided that any information furnished by the Commissioner under this paragraph shall not be disclosed by the Management Board, except in any selfregulatory action or proceedings;

(c)

to require the exchange company and the clearing house—

(i)

to produce any books of accounts, records or documents kept by them in connection with or for the purposes of their respective business; and

(ii)

to provide any other information relating to their respective business as he may consider necessary for the discharge of his functions;

(d)

to require the Management Board to direct any committee of the exchange company constituted under the rules of the exchange company which has failed or neglected to perform or to discharge a duty under those rules forthwith to perform or to discharge that duty; and

(e)

to issue such administrative guidelines and instructions to registered persons as are necessary to accomplish any of the purposes of this Act.

Section 11 — AKTA DAGANGAN KOMODITI 1985 | mylaw.my