Malaysia legislation
Section 20
Section 20
(2)
The exchange company and the clearing house, as the case may be, shall submit or cause to be submitted to the Commission for its approval-the constitution, rules and regulations or amendments thereto or any part thereof.
(a)
the constitution of the exchange company, the clearing house and every amendment thereto; and
(b)
the rules including the rules of the commodity market and regulations of the exchange company; the rules and regulations of the clearing house and every amendment thereto.
(3)
The Commission shall within thirty days after receipt of any submission under subsection (2), give notice in writing to the exchange company or the clearing house, as the case may be, of—
(a)
its approval of; or
(b)
its refusal to approve,