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Part II · Securities Commission Malaysia

18. Board committee

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(1)

The Board may establish such committee, in any form and by whatever name called, as the Board considers fit or necessary to assist the Board in the performance of its functions under the securities laws.

(2)

A Board committee established under subsection (1) may comprise—

(a)

any Board member; and

(b)

any other person, as may be appointed by the Board.

(2A)

In appointing a person under paragraph (2)(b), the Board shall have regard to the person’s integrity, reputation, knowledge, skills and experience, which will enable him to discharge his functions as a member of the Board committee.

(2B)

The functions of a Board committee established under subsection (1) shall be determined by the Board.

(3)

(Deleted by Act A1489).

(4)

(Deleted by Act A1489).

(5)

(Deleted by Act A1489).

(6)

(Deleted by Act A1489).

(7)

(Deleted by Act A1489).

34 Laws of Malaysia ACT 498

Report

Part III

Finance

Part IIIC

Shariah Advisory Council

Part IV

Issues or Securites and Take-Overs and Mergers

Part V

Enforcement and Investigation

Part VI

General

Part VII

Repeal and Transitional Provisions

Schedules