Malaysia legislation

Section 33

of CAPITAL MARKETS AND SERVICES (AMENDMENT) ACT 2011

Section 33

Substitution of section 104

The principal Act is amended by substituting for section 104

the following section:

“Sequence of sending and carrying out of orders

Quoted provision

Section 104

(1)

A holder of a Capital Markets Services Licence who carries on the business of dealing in derivatives shall not instruct another holder to carry out the instructions of the first-mentioned holder’s client unless the consent of that client has been obtained.