Malaysia legislation
Section 148
Section 148
(a)
where the disclosure is authorized under a provision of the securities laws;
Securities Commission (Amendment)
(b)
for the purposes of assisting or enabling the Commission in the discharge of its functions under the securities laws or any other written law;
(c)
in any criminal or civil proceedings by or against the
Commission; or
(d)
where the disclosure is authorized by the
Commission.
(2)
Subsection (1) shall apply to the following persons:
(a)
a member of—
(i)
the Commission;
(ii)
the Shariah Advisory Council;
(iii)
the Audit Oversight Board; or
(iv)
the Capital Market Development Fund
Board;
(b)
a member of any committee of the Commission, the
Shariah Advisory Council, the Audit Oversight Board, or the Capital Market Development Fund Board;
(c)
an officer or agent of the Commission; or
(d)
a person attending any meeting of—
(i)
the Commission;
(ii)
any committee of the Commission;
(iii)
the Shariah Advisory Council;
(iv)
the Audit Oversight Board;
(v)
the Capital Market Development Fund
Board.
(3)
Any person who contravenes subsection (1) shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding one million ringgit or to imprisonment for a term not exceeding five years or to both.”.
New sections 148a and 148b