Section 3

in the definition of “licensed bank”, by substituting for the words “Banking and Financial Institutions Act 1989

[Act 372]” the words “Financial Services Act 2013

[Act 758]”;

in the definition of “Bank Negara”, by substituting for the words “Central Bank of Malaysia Act 1958

[Act 519]” the words “Central Bank of Malaysia Act 2009 [Act 701]”;

in the definition of “Shariah Advisory Council”, by substituting for the words “section 316a” the words “the

Securities Commission Malaysia Act 1993 [Act 498]”;

by inserting after the definition of “public interest directors”

the following definition:

‘ “recognized market” means a stock market or a derivatives market operated or maintained by an operator registered under section 34;’;

by substituting for the definition of “officer” the following definition:

‘ “officer” has the meaning assigned to it in the

Securities Commission Malaysia Act 1993;’;

in the definition of “Chairman”, by substituting for the words “paragraph 4(1)(a)” the words “paragraph 4(2)(a)”;

Capital Markets and Services (Amendment)

by inserting after the definition of “financial planning”

the following definition:

‘ “foreign supervisory authority” means a foreign authority or any other person which exercises functions corresponding to the functions of the Commission under the securities law;’;

by substituting for the definition of “Commission” the following definition:

‘ “Commission” means the Securities Commission

Malaysia established under the Securities Commission

Malaysia Act 1993;’;

in the definition of “Deputy Chief Executive”, by substituting for the words “paragraph 4(1)(aa)” the words “paragraph 4(2)(b)”; and

by deleting the definition of “Islamic capital market business or transaction”.

Amendment of section 5