Malaysia legislation
Section 47
Section 47
Where a central depository or its authorized depository agent keeps or maintains a record or an account that is required to be kept or maintained under any of the provisions of this Act by means of a mechanical device, an electronic device, or any other device, any person who—
(a)
records or stores, by means of that device, information that he knows or ought to know to be false or misleading in a material particular;
(b)
(i)
falsifies; or
(ii)
with intent to falsify, destroys or removes—
(aa) information that is recorded or stored by means of that device;
Securities Industry (Central Depositories) 59
(bb) information that has been prepared for the purpose of being recorded or stored by means of that device;
(cc)
information that has been prepared for use in compiling records;
(dd)
information that has been prepared for use in recovering other information that has been recorded or stored by means of that device;
(c)
having a duty to record or store information by means of that device, fails to record or store such information—
(i)
with intent to falsify, wholly or in part, any entry made, or record intended to be compiled, from the information that has been recorded or stored;
or
(ii)
knowing that the failure to so record or store the information will render false or misleading in a material particular other information so recorded or stored, shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding ten million ringgit or to imprisonment for a term not exceeding ten years or to both.
Destruction, concealment, mutilation and alteration of records prohibited