Malaysia legislation

Section 2

Section 2

The Securities Commission Malaysia Act 1993 [Act 498], which is referred to as the “principal Act” in this Act, is amended in section 31a—

(a)

in the shoulder note, by inserting after the words

“Part IIIa” the words “, Schedule 1 and Schedule 2”;

(b)

by inserting after the words “In this Part” the words

“, Schedule 1 and Schedule 2”;

SECURITIES COMMISSION MALAYSIA

(AMENDMENT) ACT 2017

(c)

by inserting after the definition of “auditor” the following definition:

‘ “executive officer” refers to the executive officer of the Audit Oversight Board appointed under section 31c;’;

(d)

by deleting the definition of “executive chairman”; and

(e)

by inserting after the definition of “Malaysian Institute of Accountants” the following definition:

‘ “non-executive chairman” refers to the non-executive chairman of the Audit Oversight Board appointed under section 31c;’.

Amendment of section 31b