Skip to content

Section 153

Duty to maintain secrecy

of Capital Markets and Services (Amendment) Act 2012

Amendment ActIn forceProvision 25 of 49
Section 153
(1)

A member, employee or agent of the Corporation shall not give, divulge, reveal or otherwise disclose any information or document which has been obtained by him in the course of his duties except—

(a)

in the circumstance set out under section 154; or

(b)

to the Commission—

(i)

for the purpose of enabling or assisting the

Commission in the discharge of its functions under the securities laws or any other written law; and

(ii)

if the Commission is of the view that such disclosure is necessary in the interest of the public or for the protection of investors.

(2)

A person who has any information or document which to his knowledge has been disclosed in contravention of subsection (1) shall not in any manner disclose such information or document to any other person.

(3)

A person who contravenes this section commits an offence and shall, on conviction, be liable to a fine not exceeding three million ringgit or to imprisonment for a term not exceeding five years or to both.