Malaysia legislation
Section 143
Section 143
The Corporation shall have all such powers as may be necessary for or in connection with, or reasonably incidental to, the performance of its functions including to—
(a)
establish processes and procedures which are fair, reasonable and transparent to determine claims for compensation;
(b)
pay out compensation;
(c)
petition the winding up of a relevant person;
(d)
determine the financial and operational condition of a relevant person and the likelihood of the relevant person triggering an event of default;
(e)
determine, charge, collect and receive contributions, levies, fees and other payments from relevant persons or claimants and expend the same in furtherance of all or any of the functions of the Corporation;
and
(f)
take any action in respect of its function in managing and administering the Capital Market Compensation
Fund.
Duties and responsibilities of the Corporation