Section 25A

An authorized nominee shall, in such manner and within such period as may be specified in the rules of the central depository, furnish to the central depository the name and other particulars of the beneficial owner of the securities deposited in the securities account, opened in the name of the authorized nominee.

An authorized nominee who contravenes subsection (1) or (2)

shall be guilty of an offence and shall, on conviction, be liable to a

Securities Industry (Central Depositories) 41

fine not exceeding three million ringgit or to imprisonment for a term not exceeding ten years or to both.

Issuance of statements of accounts