In forceUpdated to 15 Oct 2022Read it in Bahasa Malaysia

Contents

Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part IX

136. Rules of exchanges

An exchange established under section 134 may make rules which provide for—

(a)

the conditions and administration of licences issued by such exchange and for the regulation generally of the conduct of trading agents and listing sponsors in connection with the business of such exchange;

(b)

the financial, accounting, record-keeping, disclosure and capital adequacy requirements applicable to trading agents and listing sponsors;

(c)

the conditions under which securities may be listed for trading in the securities market proposed to be operated by such exchange;

(d)

the conditions governing dealings in securities by trading agents and listing sponsors;

(e)

the class or classes of securities that may be dealt in by trading agents and listing sponsors or listed in such exchange;

Labuan Financial Services and Securities 137

(f)

confidentiality with respect to information relating to the affairs of such exchange and of any trading agent or listing sponsor in connection with the business of such exchange;

(g)

the arbitration of disputes arising out of or in connection with any securities market operated by such exchange;

(h)

the suspension of trading in and the delisting of any security listed on such exchange;

(i)

the carrying on of the business of such exchange with due regard to the interests of the public;

(j)

a fair and independent market for the listing and trading of securities; and

(k)

such other matters as the exchange deems necessary or desirable for the proper and efficient regulation, management and control of such exchange and the securities market operated by it.

Terms defined in this Act

established
Defined · s 2
“established”, in relation to a person specified in the first column of the First Schedule, has the meaning set out in the third column of the First Schedule as against such person;
Open s 2
exchange
Defined · s 133
“exchange” includes a body corporate established as a securities exchange under section 134 and the Labuan International Financial Exchange that was established by the Minister under section 30 of the *Labuan Offshore Securities Industry Act 1998 that was approved and recognized immediately before the effective date;
Open s 133
Labuan
Defined · s 2
“Labuan” means the Federal Territory of Labuan;
Open s 2
listing sponsor
Defined · s 133
“listing sponsor” means a person licensed by an exchange established pursuant to this Part, pursuant to its rules to carry on functions as a listing sponsor;
Open s 133
record
Defined · s 2
“record” means a facility for storing information which can be subsequently retrieved or reproduced;
Open s 2
rules
Defined · s 2
“rules”, in relation to an exchange established under Part IX, means the rules governing the conduct of the exchange or its members;
Open s 2
securities
Defined · s 2
“securities” means any investments commonly known or capable of being described as securities, and includes— (a) shares, debentures, funds, units, interests in a limited partnership or limited liability partnership or unit trust or foundation or protected cell company or corporation; (b) debentures, bonds or notes of or issued by any body (incorporated or unincorporated), government, local government or public authority; *NOTE—The Exchange Control Act 1953 has since been repealed by the Financial Services Act 2013 which comes into operation on 30 June 2013—see sections 271 and 272…
Open s 2
securities market
Defined · s 133
“securities market” means a stock market or a place at which, or a facility by means of which— (a) offers to sell, purchase or exchange securities are regularly made or accepted; (b) offers or invitations that are intended, or may reasonably be expected, to result, whether directly or indirectly, in the making or acceptance of offers to sell, purchase or exchange securities, are regularly made; or (c) information concerning the prices at which or the consideration for which particular persons or classes of persons propose to sell, purchase or exchange, or may reasonably be expected to sell, purchase or exchange, securities is regularly provided;
Open s 133
trading agent
Defined · s 133
“trading agent” means a person licensed and authorized to engage in the business of dealing in securities pursuant to the rules of the exchange established pursuant to this Part. *NOTE—The Labuan Offshore Securities Industries Act 1998 has since been repealed by the Labuan Financial Services and Securities Act 2010 which comes into operation on 11 February 2010—see section 201…
Open s 133

Report

Read on from s 137

Part X

Self-Regulatory Organizations

Read on from Part X

Part XI

Appeals

Read on from Part XI