41. Amendment of section 46

Section 46 of the principal Act is amended—

(a)

in paragraph (4)(b)—

(i)

by substituting for the words “two times” the words

“five times”;

(ii)

by substituting for the words “two years” the words

“seven years”; and

(iii)

by substituting for the words “to a further fine not exceeding one thousand ringgit for each day during which the offence continues after conviction” the words “shall in addition be liable to a fine not exceeding three thousand ringgit for each day or part thereof during which the offence continues to be committed”;

(b)

in subsection (6), by substituting for the words “shares, securities, stocks, debentures” the words “capital market products”; and

(c)

by inserting after subsection (7) the following subsection:

“(8) Any seizure order made under this Act may at any time be varied or revoked by the enforcement agency with the consent of the Public Prosecutor and the Public Prosecutor may give any direction of an ancillary or consequential nature, or which may be necessary, for giving effect to, or for the carrying out of, such variation or revocation.”.

Report

Read on from s 42