Malaysia legislation
Section 6
Section 6
Section 31a of the principal Act is amended—
(a)
by substituting for the definition of “auditor” the following definition:
‘ “auditor” means an individual auditor or audit firm registered or recognised under section 31o as a registered auditor or a recognised auditor of a public interest entity;’;
(b)
by inserting after the definition of “public interest entity”
the following definitions:
‘ “recognised auditor” means a foreign individual auditor or foreign audit firm recognised under section 31o as an auditor of a public interest entity;
“registered auditor” means an individual auditor or audit firm registered under section 31o as an auditor of a public interest entity;’;
Securities Commission (Amendment)
(c)
in the definition of “relevant authorities”, by substituting for the full stop at the end of the paragraph a semicolon;
and
(d)
by inserting after the definition of “relevant authorities”
the following definition:
‘ “relevant foreign authority” means a foreign authority which exercises the functions corresponding to the
Audit Oversight Board as specified in section 31b.’.
Amendment of section 31c