Securities Commission Act 1993 · Updated to 1 Mar 2016 · Part VI · General
Section 160
Feedback & supportNo action, suit, prosecution or other proceeding shall lie or be brought, instituted, or maintained in any court or before any other authority against—
Court
“Court” means— Securities Commission Malaysia 15 (a) a High Court established under Article 121 of the Federal Constitution or a Judge of the High Court; or (b) a Sessions Court or a Magistrate’s Court established under section 3 of the Subordinate Courts Act 1948 or a Sessions Court Judge or a Magistrate;
the Commission;
Commission
“Commission” means the Securities Commission Malaysia established under section 3;
any person who is or has been—
a member of the Board, Shariah Advisory
Council, Audit Oversight Board, Capital Market
Audit Oversight Board
“Audit Oversight Board” means the Audit Oversight Board established under section 31C;
Development
Fund or
Capital
Market
Compensation
Fund
Corporation, or any committee established by the Commission,
corporation
“corporation” has the meaning assigned to it in the Companies Act 1965;
Shariah Advisory Council, Audit Oversight
Board, Capital Market Development Fund or
capital market
“capital market” has the meaning assigned to it in the Capital Markets and Services Act 2007;
Capital Market Compensation Fund Corporation;
or
an officer of the Commission; or
any person engaged by the Commission under section 145, for or on account of, or in respect of, any act done or statement made, omitted to be done or made by the persons specified in paragraphs
, (b) or (c), in the performance of their functions, in the administration of the securities laws or in the exercise of any power conferred, whether expressed or implied, by or under any securities laws:
Provided that such act, statement, performance of functions or exercise of power was done or made, in good faith.
Securities Commission Malaysia 111
Power to issue directions to discharge
Government’s international obligation under United Nations Security Council
Resolutions