Malaysia legislation
Section 45
Section 45
Substitution of section 379
The principal Act is amended by substituting for section 379
the following section:
Quoted provision
Section 379
(2)
An application for approval under subsection (1) shall be made to the Commission in such form and manner as may be specified by the Commission.
(3)
Notwithstanding any other written law, the approved body corporate shall put in place rules relating to—
(a)
the proper administration of the body corporate as a dispute resolution body; and
(b)
the scope, application, operations and procedures of the dispute resolution.
(4)
The body corporate shall, as soon as practicable, submit or cause to be submitted to the Commission for its approval any proposed rules or any proposed amendments to existing rules.
(5)
The Commission may issue regulations under section 378
in relation to an approved body corporate or make provisions for the settlement of disputes in connection with capital market services or products.”.
Revocation of subsidiary legislation