Section 32
Amendment of section 159
of Securities Commission (Amendment) Act 2011
The principal Act is amended by substituting for section 159
the following section:
“159. (1) The Commission may, with the approval of the
Minister, make regulations as may be necessary or expedient for—
(a)
giving full effect to the provisions of the securities laws;
Securities Commission (Amendment)
(b)
carrying out or achieving the objects and purposes of the securities laws; or
(c)
the further, better or convenient implementation of the provisions of the securities laws.
(2)
Without prejudice to the generality of subsection (1), regulations may be made for the non-application of any of the provisions of the securities laws to any specified person or to any person who is a member of a specified class of persons, subject to any terms and conditions prescribed.”.