Securities Commission Act 1993 · Updated to 1 Mar 2016 · Part VII · Repeal and Transitional Provisions
164. Continuance of criminal and civil proceedings
Feedback & supportSubject to the provisions of this Act, neither the repealed sections nor anything contained in this Act shall affect any person liable to be prosecuted or punished for offences committed under the
Securities Commission Malaysia 113
Commission
“Commission” means the Securities Commission Malaysia established under section 3;
repealed sections before the appointed day, or any proceedings brought or sentence imposed before that day in respect of such offence.
Subject to the provisions of this Act, any proceedings, whether civil or criminal, or cause of action pending or existing immediately before the appointed day, by or against the Capital
Issues Committee or the Panel On Take-Overs And Mergers or any person acting on behalf of the Capital Issues Committee or the Panel
On Take-Overs And Mergers may be continued or instituted by or against the Capital Issues Committee or the Panel On Take-Overs
And Mergers as it might have been continued or instituted by or against the Capital Issues Committee or the Panel On Take-Overs
And Mergers or such person if this Act had not been passed.
Any appeal brought or any leave to appeal applied for on or after the appointed day against a decision given in any legal proceedings before that day may be brought by or against the
Commission as it might have been brought by or against the Capital
Issues Committee or the Panel On Take-Overs And Mergers if this
Act had not been passed.