Malaysia legislation
Section 43
Section 43
(2)
Without prejudice to the generality of subsection (1), rules, codes, standards, principles or guidelines may be issued in respect of the money market, the foreign exchange market or the market for the derivatives related to the currencies, securities and other financial instruments traded in these markets—
(a)
to ensure orderly dealings in such markets;
(b)
to impose obligations and duties on participants of such markets or any system established or operated, including those pursuant to subsection 44(1); and
(c)
on the issuance or acquisition, holding or disposal of financial instruments in such markets.
Central Bank of Malaysia 53
(3)
The Bank may, subject to such terms and conditions as the Bank may impose, appoint a self-regulatory organization established for the foreign exchange market or the market for the derivatives related to the currencies, securities and other financial instruments traded in these markets for the purposes of—
(a)
promoting the regulation, development and maintenance of orderly conditions or the integrity of such markets; and
(b)
rendering such assistance as the Bank may specify in the exercise of its powers under subsection (1) or exercising such powers on behalf of the Bank.
(4)
The appointment referred to in subsection (3) shall be published in the Gazette.
(5)
The Bank shall enter into arrangements with supervisory authorities in Malaysia to co-ordinate on the regulation of derivatives or financial instruments in the money market which are within the supervision and oversight of the supervisory authorities.
The Bank may establish system for funds, debt securities, etc.