Malaysia legislation
Section 140
Section 140
In this Part—
“auditor” means an auditor registered with the Audit
Oversight Board pursuant to section 31O of the Securities
Commission Act 1993;
“Capital Market Compensation Fund” means the Capital
Market Compensation Fund established under section 158;
“Corporation” means the Capital Market Compensation
Fund Corporation established under section 141;
“event of default” means an event in which a relevant person is considered to be unable, or likely to be unable, to satisfy claims made against it in circumstances as may be determined by the Corporation;
“relevant authority” means the Commission, stock exchange, derivatives exchange or body established outside Malaysia that carries out similar functions to the Corporation and any other body as may be specified by the Commission;
“relevant person” means a holder of a Capital Markets
Services Licence who carries on the business of—
(a)
dealing in securities;
(b)
dealing in derivatives and who is an affiliate of the relevant derivatives exchange; or
(c)
fund management;
“rules” means the memorandum of association, the articles of association, or any other rules or directions by whatever name called and wherever contained, governing the operation, management or procedures of the Corporation.