Malaysia legislation

Section 17

of CAPITAL MARKETS AND SERVICES (AMENDMENT) ACT 2015

Section 17

New section 139zs

The principal Act is amended by inserting after section 139zr the following section:

“Nomination 139zs.  Notwithstanding anything inconsistent with or contrary to any other written law relating to probate, administration, distribution, or disposition, of the estates of deceased persons, or in any practice or custom in relation to this matter, a member may nominate any person to receive any payment or disposal of any part of accrued benefits of the member, after the death of the member, subject to any regulations or guidelines made under this Act.”.