Malaysia legislation
Section 280a
Section 280a
(a)
where an information memorandum or a disclosure document has been lodged with the Commission or issued in relation to—
(i)
an offer for subscription or purchase of debentures;
(ii)
an invitation to subscribe for or purchase debentures; or
(iii)
making available debentures; and
(b)
where any person knows or becomes aware that—
(i)
there has been significant change affecting a matter disclosed in the information memorandum or a disclosure document;
(ii)
the information memorandum or a disclosure document may contain a material statement or information that is false or misleading; or
(iii)
the information memorandum or a disclosure document may contain a statement or information from which there is a material omission.
(2)
Where the person knows or becomes aware of the matter referred to in subsection (1), he shall immediately notify the person who is responsible for the distribution of the debentures, of that matter.
(3)
The person who is responsible for the distribution of the debentures, shall upon being notified under subsection (2)
inform—
(a)
the Commission; and
(b)
any person who has been provided with the information memorandum or disclosure document, of the matter referred to in subsection (1).
(4)
The Commission may, upon being informed under subsection (3), direct any person to rectify the matter, information or statement in the information memorandum or disclosure document, or take any other remedial measure, as the Commission considers necessary.
(5)
Any person who contravenes this section commits an offence.
(6)
For the purposes of this section, a disclosure document does not include prospectus.”.
Amendment of section 298