Malaysia legislation

Section 158

of LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010

Section 158

A self-regulatory organization shall not make a decision under its rules that adversely affects the rights of a person unless—

(a)

the self-regulatory organization has given the person an opportunity to make representations about the matter; or

(b)

the self-regulatory organization considers, on reasonable grounds, that any delay in making the decision will prejudicially affect a class of consumers, investors or members of the sector or industry as may be applicable.

Obligations of and in relation to officers of a self-regulatory organization