Malaysia legislation
Section 23
Section 23
(a)
conduct surprise audits of its member firms especially those which deal with the public and hold customer funds;
is Act as well futures trading or the clearing accordingly.
making the ill account of ng the hearing age company "Mangement st of—
to represent elected from age company to represent inted by the he Commis-l other than ld office for constitution
I appointed , shall hold ned by the e exchange violations his Act and y rules or Board and house to-member firms public and
(b)
establish and enforce minimum capital and other financial requirements for all member firms which deal with the public and hold customer funds; and
(c)
establish an early warning system for monitoring undesirable situations and practices in the market.
(2)
The exchange company and the clearing house shall—
(a)
provide such assistance to the Commissioner as he reasonably requires for the performance of his functions and duties;
(b)
where they reprimand, fine, suspend, expel or otherwise take disciplinary action against one of their members, within seven days give to the Commissioner in writing particulars of the name of the member concerned, the reason for and nature of the action taken, the amount of fine, if any, and the period of the suspension, if any; and
(c)
allow the Commissioner at all reasonable times full and free access to the trading floor of any commodity market of the exchange, for any of the purposes of this Act.