Malaysia legislation
Section 6
Section 6
The principal Act is amended by inserting after section 76
the following section:
“Registration of persons providing capital market services 76A. (1) The Commission may specify any service to be a capital market service.
(2)
A person providing any capital market service shall apply to be registered under this section.
(3)
The Commission may, on an application made under subsection (2), register such person subject to such terms and conditions as the Commission may impose, and the
Commission may at any time, by notice in writing, amend or revoke any such term or condition or impose new terms or conditions.
(4)
If the Commission, by notice in writing, amends or revokes any term or condition or imposes any new term or condition under subsection (3), the amendment, revocation or imposition shall take effect at the time of the service of the notice or at such time specified in the notice.
(5)
The Commission may withdraw the registration accorded under subsection (3) if it is necessary for the protection of investors or in the public interest or if any term or condition imposed under subsection (3) or (4) has not been complied with.
(6)
The Commission shall give the person an opportunity to be heard before any decision is made under subsection (5).”.
Amendment to section 105