Malaysia legislation

Section 2

of RETIREMENT FUND (AMENDMENT) ACT 2015

Section 2

The Retirement Fund Act 2007 [Act 662], which is referred to as the “principal Act” in this Act, is amended in section 2—

(a)

by inserting before the definition of “committee” the following definition:

‘ “debenture” includes debenture stock, bonds, notes and any other securities of a company or corporation whether or not constituting a charge on the assets of the company or corporation;’;

(b)

in the definition of “securities”—

(i)

in paragraph (b), by deleting the word “and” at the end of the paragraph;

(ii)

by substituting for paragraph (c) the following paragraph:

“(c) unit trusts, exchange traded fund or prescribed instruments; and”; and

(iii)

by inserting after paragraph (c) the following paragraph:

“(d) any Islamic securities,”; and

(c)

in the definition of “company”, by inserting after the words

“[Act 125]” the words “, a trust company incorporated under the Trust Companies Act 1949 [Act 100] or any company incorporated under any written law”.

New section 4a