Securities Commission Act 1993 · Updated to 1 Mar 2016 · Part V · Enforcement and Investigation
127. Production of books, etc.
Feedback & supportFor the purpose of an examination under section 126, a person under examination, its directors and officers shall accord any person carrying out the examination access to all its books or other documents and accounts, including documents of title to its assets, all securities held by it in respect of securities transactions, all its cash, and all such documents, information and facilities as may be required by that person who carries out the examination, and shall produce to that person who carries out the examination all such books or other documents, accounts, titles, securities or cash, and give all such information, as he may require, but so far as is consistent with the conduct of the examination, such books or documents, accounts, titles, securities and cash shall not be required to be produced at such times or at such places as may interfere with the proper conduct of the normal daily business of that person.
books
“books” has the meaning assigned to it in the Capital Markets and Services Act 2007;
Notwithstanding subsection (1), any person authorized by the
Commission in writing for this purpose may take possession of any books or other documents, accounts, titles, securities or cash to which he has access under subsection (1) if in his opinion—
Commission
“Commission” means the Securities Commission Malaysia established under section 3;
the inspection of them, the copying of them, or the making of extracts from them cannot reasonably be undertaken without taking possession of them;
they may be interfered with or destroyed unless he takes possession of them; or
they may be needed as evidence in any legal proceedings, whether civil or criminal, which may be instituted under or in connection with any securities law or any other written law.
No person and no director or officer of the person shall—
director
“director” has the meaning assigned to it in the Capital Markets and Services Act 2007;
fail to allow access to, give possession of or produce, its books or other documents, accounts, titles, securities or cash; or
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fail to give information or facilities in accordance with subsections (1) and (2).