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In forceUpdated to 1 Mar 2016Read it in Bahasa Malaysia
Contents

Part VI · General

148. Obligation of secrecy

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(1)

Subject to section 124 of the Evidence Act 1950, persons specified in subsection (2) shall not disclose any information which has been obtained by him in the course of his functions and which is not published in accordance with the securities laws, except—

(a)

where the disclosure is authorized under a provision of the securities laws;

96 Laws of Malaysia ACT 498

(b)

for the purposes of assisting or enabling the

Commission in the discharge of its functions under the securities laws or any other written law;

(c)

in any criminal or civil proceedings by or against the

Commission; or

(d)

where the disclosure is authorized by the Commission.

(2)

Subsection (1) shall apply to the following persons:

(a)

a member of—

(i)

the Commission;

(ii)

the Shariah Advisory Council;

(iii)

the Audit Oversight Board; or

(iv)

the Capital Market Development Fund Board;

(b)

a member of any committee of the Commission, the

Shariah Advisory Council, the Audit Oversight Board, or the Capital Market Development Fund Board;

(c)

an officer or agent of the Commission; or

(d)

a person attending any meeting of—

(i)

the Commission;

(ii)

any committee of the Commission;

(iii)

the Shariah Advisory Council;

(iv)

the Audit Oversight Board;

(v)

the Capital Market Development Fund Board.

Securities Commission Malaysia 97

(3)

Any person who contravenes subsection (1) shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding one million ringgit or to imprisonment for a term not exceeding five years or to both.

Report

Read on from s 148A

Part VII

Repeal and Transitional Provisions

Read on from Part VII

Schedules