Securities Commission Act 1993 · Updated to 1 Mar 2016 · Part I · Preliminary
2. Interpretation
Feedback & supportIn this Act, unless the context otherwise requires—
“affiliate” has the meaning assigned to it in the Capital Markets and
Services Act 2007 [Act 671];
“appointed day” means the day on which this Act comes into force;
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“Audit Oversight Board” means the Audit Oversight Board established under section 31C;
“Bank Negara Malaysia” means the Central Bank of Malaysia established under the Central Bank of Malaysia Act 2009 [Act 701];
“Board” means the Board established under section 4;
“Board committee” means any committee established by the Board under section 18;
“books” has the meaning assigned to it in the Capital Markets and
Services Act 2007;
“capital market” has the meaning assigned to it in the Capital
Markets and Services Act 2007;
“capital market products” has the meaning assigned to it in the
Capital Markets and Services Act 2007;
“central depository” has the meaning assigned to it in the Capital
Markets and Serivces Act 2007;
“Chairman” means the Chairman of the Commission appointed under paragraph 4(2)(a);
“clearing house” means a clearing house approved under the
Capital Markets and Services Act 2007;
“Commission” means the Securities Commission Malaysia established under section 3;
“company” has the meaning assigned to it in the Companies Act 1965 [Act 125];
“corporation” has the meaning assigned to it in the Companies Act 1965;
“Court” means—
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a High Court established under Article 121 of the
Federal Constitution or a Judge of the High Court; or
a Sessions Court or a Magistrate’s Court established under section 3 of the Subordinate Courts Act 1948 [Act 92] or a Sessions Court Judge or a Magistrate;
“dealing in derivatives” has the meaning assigned to it in the
Capital Markets and Services Act 2007;
“dealing in securities” has the meaning assigned to it in the Capital
Markets and Serivces Act 2007;
“Deputy Chief Executive” means the Deputy Chief Executive appointed under paragraph 4(2)(b);
“derivatives” has the meaning assigned to it in the Capital Markets and Services Act 2007;
“derivatives exchange” has the meaning assigned to it in the Capital
Markets and Services Act 2007;
“derivatives market” has the meaning assigned to it in the Capital
Markets and Serivces Act 2007;
“director” has the meaning assigned to it in the Capital Markets and
Services Act 2007;
“document” has the meaning assigned to it in the Evidence Act 1950 [Act 56];
“exchange” means a stock exchange established under the Capital
Markets and Services Act 2007;
“exchange holding company” has the meaning assigned to it in the
Capital Markets and Services Act 2007;
“Fund” means the fund established under section 23;
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“Islamic capital market business or transaction” means—
the business of carrying any regulated activity;
any proposal, scheme, transaction, arrangement, activity or matter relating to any capital market product, or under
Part IIIA or Part VI of the Capital Markets and Services
Act 2007;
any transaction relating to a derivative; or
the establishing, operating or maintaining of a securities market or a derivatives market, which is consistent with the principles of Shariah as may be determined by the Shariah Advisory Council;
“Islamic capital market product” has the meaning assigned to it in the Capital Markets and Services Act 2007;
“licensed person” means a person licensed under the Capital
Markets and Services Act 2007;
“Minister” means the Minister for the time being charged with the responsibility for finance;
“officer”, in relation to—
the Commission, means any officer employed under section 20 and includes an Investigating Officer of the
Commission appointed under section 125; and
a corporation, has the meaning assigned to it in the
Companies Act 1965;
“participant” has the meaning assigned to it in the Capital Markets and Services Act 2007;
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“participating organization” has the meaning assigned to it in the
Capital Markets and Serivces Act 2007;
“prescribed”, where no manner of prescribing is provided, means prescribed from time to time by regulations or order published in the
Gazette;
“prescribed investment” has the meaning assigned to it in the
Capital Markets and Services Act 2007;
“prescribed investment scheme” has the meaning assigned to it in the Capital Markets and Services Act 2007;
“private retirement scheme” has the meaning assigned to it in the
Capital Markets and Services Act 2007;
“public interest entity” means the entity specified in Part 1 of
Schedule 1;
“recognized market” has the meaning assigned to it in the Capital
Markets and Services Act 2007;
“record” includes information stored or recorded by means of a computer, electronic or digital medium or any other means of storage or recording;
“schedule fund” means the funds specified in Part 2 of Schedule 1;
“stock exchange” has the meaning assigned to it in the Capital
Markets and Services Act 2007;
“securities” has the meaning assigned to it in the Capital Markets and Services 2007;
“securities laws” means—
this Act;
the Capital Markets and Services Act 2007;
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the Securities Industry (Central Depositories) Act 1991
[Act 453];
any other legislation which the Commission is empowered to administer or enforce; and
any other regulations, rules, orders, notifications or other subsidiary legislation made under paragraphs (a),
, (c) and (d);
“self-regulatory organization” has the meaning assigned to it in the
Capital Markets and Services Act 2007;
“Shariah Advisory Council” means the Shariah Advisory Council established under the section 31ZI;
“specify”, where no manner of specifying is mentioned, means specify from time to time in writing; and a power to specify includes the power to specify differently for different persons or different classes, categories or descriptions of persons;
“trade repository” has the meaning assigned to it in the Capital
Markets and Services Act 2007;
“unit trust scheme” has the meaning assigned to it in the Capital
Markets and Services Act 2007;
(Deleted by Act A1403).