Securities Commission Act 1993 · Updated to 1 Mar 2016 · Part II · Securities Commission Malaysia
22A. Commission may establish or participate in body corporate
Feedback & supportThe Commission may, with the approval of the Minister, establish or participate in any body corporate for the purpose of promoting research and training in relation to the capital market, or for the purpose of carrying out its functions under this Act.
Commission
“Commission” means the Securities Commission Malaysia established under section 3;
The Commission may—
receive a grant or donation;
36 Laws of Malaysia ACT 498
make a grant or donation; or
provide any other form of assistance, for the establishment or operations of the body corporate under subsection (1).
Monies received under paragraph (2)(a) shall be kept in a designated trust account.
The Commission shall disburse the monies in the designated trust account to the person entitled in accordance with the purpose for which the monies were received by the Commission.
Where the Commission establishes a body corporate under subsection (1), the Commission may take any action or do all such things as may be necessary or expedient for—
the interest of the public or for the protection of investors;
the effective administration of the securities laws; or
ensuring compliance with any conditions or restrictions as imposed on the body corporate under the securities laws.