Malaysia legislation
Section 29
Section 29
Substitution of section 99
The principal Act is amended by substituting for section 99
the following section:
“Trading in standardized derivatives on own account
Quoted provision
Section 99
(1)
A holder of a Capital Markets Services Licence who carries on the business of dealing in derivatives shall not, as principal, trade in any standardized derivative with a person
Capital Markets and Services (Amendment)
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who is not such a holder unless he first informs the person in writing that he is acting in the transaction as principal and not as agent.