Malaysia legislation
Section 63
Section 63
(2)
Without prejudice to the generality of subsection (1), regulations may be made for—
(a)
prescribing forms for the purposes of this Act;
(b)
prescribing fees to be paid in respect of any matter or thing required for the purposes of this Act;
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(c)
prescribing the manner and form in which securities accounts are to be opened, maintained or closed by a central depository and its authorized depository agents, including the manner of making entries in such accounts;
(d)
prescribing the circumstances when a deposited security in a securities accounts may be specified by a central depository as being in suspense under section 41, including the rights, benefits, powers, privileges, liabilities, duties and obligations of a depositor in respect of or arising from the suspension of such a security;
(e)
regulating the appointment of authorized depository agents and authorized nominees and the imposition of duties, obligations and sanctions on such agents and nominees;
(f)
regulating the setting-up and operation of the computer system including computer terminals which form part of such system;
(g)
regulating the manner in which deposited securities shall be kept for safe custody by a central depository;
(h)
regulating all matters relating to the deposit of unlisted securities with a central depository and its authorized depository agents;
(i)
(Deleted by Act A942);
(j)
prescribing the types of bodies corporate which may be appointed to act as authorized depository agents under paragraph 13(2)(g);
(k)
regulating the activities of, and the standards to be maintained by, a central depository and its authorized depository agents;
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(l)
(Deleted by Act A942);
(m)
prescribing the manner in which records shall be kept and maintained by a central depository, its authorized depository agents and its nominee companies under this
Act;
(n)
prescribing the purposes for which, and the manner in which, the Commission may conduct a stock count of scrips held in custody by or in the name of, a central depository or its nominee companies;
(o)
prescribing all matters relating to the maintenance of insurances, and the establishment and maintenance of compensation funds, by a central depository, its nominee companies and authorized depository agents for the purpose of settling claims by depositors against them;
(p)
matters relating to the issuance of jumbo certificates under section 20;
(q)
(Deleted by Act A942);
(r)
prescribing the extent to which any user or class of users may have access to the computer system of a central depository;
(s)
matters relating to linkages between a central depository and other securities depositories established outside
Malaysia; and
(t)
all matters or things which by this Act are required or permitted to be prescribed or which are necessary or expedient to give effect to this Act.
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Reference to allottee in the Companies Act 1965