Securities Commission Act 1993 · Updated to 1 Mar 2016 · Part II · Securities Commission Malaysia
8. Revocation of appointment
Feedback & supportThe Minister may, at any time, revoke the appointment of a member of the Board if the member—
Minister
“Minister” means the Minister for the time being charged with the responsibility for finance;
becomes of unsound mind or otherwise becomes incapable of discharging his functions;
is absent from three consecutive meetings of the Board, in the case of the Chairman, without leave of the
Minister and in the case of the Deputy Chief Executive or other members of the Board, without leave of the
Deputy Chief Executive
“Deputy Chief Executive” means the Deputy Chief Executive appointed under paragraph 4(2)(b);
Chairman;
Chairman
“Chairman” means the Chairman of the Commission appointed under paragraph 4(2)(a);
conducts himself in such a way as to bring disrepute to the Commission;
Commission
“Commission” means the Securities Commission Malaysia established under section 3;
fails to comply with his obligations under section 13; or
is disqualified under section 5.