Malaysia legislation
Section 2
Section 2
The Capital Markets and Services Act 2007 [Act 671], which is referred to as the “principal Act” in this Act, is amended in subsection 2(1)—
(a)
by inserting after the definition of “borrower”, the following definition:
‘ “business trust” means a unit trust scheme where the operation or management of the scheme and the scheme’s property or asset is managed by a trustee-manager;”;’
Act A1437
CAPITAL MARKETS AND SERVICES
(AMENDMENT) ACT 2012
(b)
by substituting for the definition of “capital market products” the following definition:
‘ “capital market products” means—
(a)
securities;
(b)
derivatives;
(c)
a private retirement scheme;
(d)
a unit trust scheme;
(e)
any product or arrangement which is based on securities or derivatives, or any combination thereof; and
(f)
any other product which the Minister may prescribe as a capital market product;’;
(c)
by inserting after the definition of “capital market product”
the following definition:
‘ “capital market services” means any service as specified by the Commission under section 76A, but does not include a regulated activity;’;
(d)
in paragraph (b) of the definition of “Islamic capital market business or transaction” by substituting for the words
“any proposal that falls within subsection 212(2)” the words “any proposal, scheme, transaction, arrangement, activity, product or matter under section 212”;
(e)
in paragraph (c) of the definition of “securities” by substituting for the words “unit trusts” the words “units in a unit trust scheme”; and
(f)
in paragraph (c) of the definition of “unit trust scheme”
by inserting the words “or asset” after the word
“property”.
Amendment of section 20