Section 132 — AKTA DAGANGAN KOMODITI 1985

(a)

the applications for registration or renewal of registration as registered persons and matters incidental thereto;

(b)

prescribing the fees to be paid for registration or renewal of registration as registered persons;

(c)

prescribing the appropriate standards with respect to the qualifications, experience and training of applicants for registration as registered persons;

(d)

providing for the examination of applicants as registered persons;

ny written lawive jurisdiction regulations or the full punish-out instituting offence under other than 63 (1), 70, 71, 16 compound from such prescribed by tte subject tocribed therein to the Coms after the taken against e amount so the Commisbe instituted sioner in the shall be paid ion with the letter carrying Act, and in erality of the matters:

renewal of and matters registration red persons; standards with experience and stration as plicants as

(e)

providing for the exemption of such applicants from taking examinations subject to such terms and conditions as may be prescribed;

(f)

prescribing the particulars to be recorded in registers kept under this Act and the inspection of such registers;

(g)

empowering the Commissioner to correct any errors in any register kept under this Act;

(h)

empowering the Commissioner, on payment of the prescribed fee, to issue duplicate certificates of registration in the event of loss or destruction of the original certificates of registration or duplicate certificates of registration;

(i)

requiring dealers and commodity trading advisers to exhibit their certificates of registration at their places of business;

(j)

providing for the application of deposits made by or in respect of dealers;

(k)

prescribing the particulars to be recorded in, or in respect of, accounts kept by dealers under this Act;

(1)

prescribing the particulars to be recorded in the profit and loss accounts and balance sheets and the information to be contained in auditor's reports required to be lodged under this Act on the annual accounts of dealers;

(m)

prescribing the trading practices to be observed by registered persons;

(n)

providing for the remuneration of an auditor appointed under this Act and for the costs of an audit carried out under this Act;

(o)

prescribing any forms for the purposes of this Act;

(p)

prescribing anything which is to be or may be prescribed by regulations.

(2)

Regulations made under this section may provide that a contravention of specified provisions thereof shall be an offence and may provide penalties of a fine not exceeding five thousand ringgit or imprisonment for a term not exceeding one year or both.

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(3)

The Commission may, with the approval of the Minister, make rules for all or any of the following purposes:

(a)

to prescribe the duties and functions of its employees;

(b)

to prescribe the schemes and terms of service including the conduct and discipline of its employees;

(c)

to prescribe the terms and conditions of loans that may be made to its employees pursuant to subsection (3) of section 9;

(d)

to prescribe the financial procedures for the administration of the Fund;

(e)

to provide for the custody of the property of the Commission and the custody and use of the common seal of the Commission;

(f)

to provide for the procedure in respect of appeals to the Commission under this Act and for the hearing and determination thereof; and

(g)

to provide for such other matters as may be necessary or expedient for the administration of the affairs of the Commission or of any committee appointed under section 5.