Malaysia legislation

Section 44

of *CENTRAL BANK OF MALAYSIA ACT 2009

Section 44

(a)

to facilitate the transferring, clearing and settlement of funds and debt securities;

(b)

to facilitate the tendering, issuance, borrowing and lending of debt securities;

(c)

to provide information to any person relating to the money market or to the tender, issue, trading and offer, or bid prices of debt securities or any other related information relating to debt securities;

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(d)

for the central handling of debt securities deposited with the Bank by means of entries in debt securities accounts without physical delivery of certificates;

(e)

for the carrying out of any other activity related to any of the systems in paragraphs (a) to (d); and

(f)

for the dissemination of information relating to paragraphs

(a)

to (e), in such markets, as the case may be.

(2)

The Bank may function as a depository or paying agent or undertake any other ancillary or incidental function related to the establishment or operation of any of the systems referred to in subsection (1).

(3)

For purposes of this section, “debt securities” includes—

(a)

stock issued under the Loan (Local) Act 1959 [Act 637];

(b)

Treasury Bills issued under the Treasury Bills (Local) Act 1946 [Act 188];

(c)

investments under the Government Funding Act 1983

[Act 275];

(d)

securities issued by the Bank under paragraph 26(2)(a);

(e)

debentures, as defined in the Companies Act 1965, denominated and payable in ringgit issued by the

Government of any State, any public authority, any statutory body, any corporation including a private or a public company, or such other persons who under their constituent documents may issue such debentures that are tendered, deposited, cleared or settled through any system established or operated by the Bank pursuant to this section; and

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(f)

such securities or debentures as may be approved by the

Minister on the recommendation of the Board that are tendered, deposited, cleared or settled through any system established or operated by the Bank or any body corporate established or acquired by the Bank or any person authorized by the Bank pursuant to this section.

Section 44 — CENTRAL BANK OF MALAYSIA ACT 2009 | mylaw.my