Malaysia legislation

Section 17

of SECURITIES COMMISSION (AMENDMENT) ACT 2015

Section 17

“Board may invite others to meeting

(a)

by substituting for subsection (1) the following subsection:

“(1)  A member of the Board or any member of the Board committee who has or acquires a direct or indirect interest in relation to any matter under discussion by the Board or Board committee shall disclose to the Board or Board committee, as the case may be, the existence of his interest and the nature of that interest.”;

(b)

in subsection (3), by substituting for the words “Commission or committee” wherever appearing the words “Board or

Board committee”;

(c)

in subsection (4), by substituting for the words “Commission or committee” wherever appearing the words “Board or

Board committee”; and

(d)

in subsection (5), by substituting for the words “Commission or committee” wherever appearing the words “Board or

Board committee”.

Amendment of section 14

Section 17 — SECURITIES COMMISSION (AMENDMENT) ACT 2015