Section 37

Section 111 of the principal Act is amended by substituting for subsection (2) the following subsection:

“(2) Notwithstanding subsection (1), where a holder of a Capital Markets Services Licence receives payment in a place outside Malaysia, the holder may keep such payment in one or more trust accounts in an institution licensed outside Malaysia to provide banking or financial services.”.

Capital Markets and Services (Amendment)

41

Amendment of section 121