PERATURAN-PERATURAN PASARAN MODAL DAN PERKHIDMATAN 2012

Tafsiran

Pasaran Modal di bawah peraturan 3 atau 4 boleh dikeluarkan dalam bentuk elektronik dengan syarat bahawa pengeluaran nota kontrak itu mematuhi sepenuhnya peraturan 3

dan 4 dan kehendak-kehendak yang ditentukan oleh Suruhanjaya, jika ada.

JADUAL 1

[Peraturan 7]

Aktiviti terkawal bersampingan

Aktiviti Terkawal Berlesen

(1)

Aktiviti Terkawal Bersampingan

(2)

Berniaga dalam sekuriti

Pengurusan dana

Nasihat pelaburan

Berniaga dalam sekuriti terhad kepada unit amanah sahaja

Nasihat pelaburan

Berniaga dalam skim persaraan swasta

Nasihat pelaburan

Pengurusan dana

Berniaga dalam sekuriti

Berniaga dalam derivatif terselaras

Berniaga dalam skim persaraan swasta

Nasihat pelaburan

Berniaga dalam derivatif terselaras

Pengurusan dana

Nasihat pelaburan

P.U. (A) 474 13

JADUAL 2

FI

[Peraturan 8]

BAHAGIAN I

Fi yang kena dibayar berkenaan dengan suatu permohonan untuk mendapatkan kelulusan bagi suatu bursa saham, bursa derivatif, pusat penjelasan dan kemudahan elektronik

Aktiviti

Kelulusan bagi suatu bursa saham atau bursa derivatif di bawah seksyen 8 Akta;

bagi permohonan mendapatkan kelulusan

RM10,000.00 bagi pemberian kelulusan

Kelulusan bagi menubuhkan atau mengendalikan suatu pusat penjelasan di bawah seksyen 38 Akta;

bagi permohonan mendapatkan kelulusan

RM10,000.00 bagi pemberian kelulusan

Pendaftaran kemudahan elektronik di bawah subseksyen 34(1) Akta

RM5,000.00 semasa pendaftaran

P.U. (A) 474 14

BAHAGIAN II

Fi yang kena dibayar berkenaan dengan pemberian dan pengubahan suatu Lesen

Perkhidmatan Pasaran Modal dan Lesen Wakil Perkhidmatan Pasaran Modal

Lesen Perkhidmatan Pasaran Modal

Aktiviti

1. Permohonan untuk 

2. Pengemukaan Laporan Tahunan bagi Kelulusan

Aktiviti

3. Fi tarikh ulang tahun lesen yang kena dibayar oleh seseorang pemegang lesen yang merupakan suatu syarikat, bagi tempoh masa 12 bulan atau mana-mana bahagiannya untuk 

RM2,000.00

4. Fi tarikh ulang tahun lesen yang kena dibayar oleh seseorang pemegang lesen yang merupakan seorang individu, bagi tempoh 12 bulan atau mana-mana bahagiannya bagi suatu aktiviti terkawal

5. Kelulusan untuk permohonan untuk pengubahan sesuatu lesen

P.U. (A) 474 15

Lesen Wakil Perkhidmatan Pasaran Modal

Aktiviti

1. Permohonan untuk-

2. Pengemukaan Laporan Tahunan bagi

Kelulusan Aktiviti

3. Fi tarikh ulang tahun lesen yang kena dibayar oleh seseorang pemegang lesen yang merupakan seorang individu, bagi tempoh 12 bulan atau mana-mana bahagiannya bagi suatu aktiviti terkawal

4. Kelulusan untuk permohonan untuk pengubahan sesuatu lesen

*Jika pada bila-bila masa semasa tempoh sah Lesen Perkhidmatan Pasaran Modal itu, pemegang lesen tersebut membuat permohonan bagi mengubah lesen itu untuk menambah aktiviti terkawal berikutnya, fi pelesenan yang kena dibayar bagi aktiviti terkawal berikutnya itu akan diproratakan mengikut tempoh pelesenan bagi aktiviti terkawal berikutnya itu yang hendaklah bermula setelah aktiviti terkawal berikutnya itu diluluskan.

P.U. (A) 474 16

BAHAGIAN III

Fi yang kena dibayar berkenaan dengan pendaftaran seseorang sebagai orang berdaftar

Orang Berdaftar

A. Wakil Perkenalan

1. Permohonan untuk pendaftaran

2. Kelulusan untuk permohonan pendaftaran

3. Fi tarikh ulang tahun pendaftaran yang kena dibayar bagi tempoh 12

bulan atau mana-mana bahagiannya

B. Wakil Perdagangan

1. Permohonan untuk pendaftaran

2. Kelulusan untuk permohonan pendaftaran

3. Fi tarikh ulang tahun pendaftaran yang kena dibayar bagi tempoh 12

bulan atau mana-mana bahagiannya

P.U. (A) 474 17

BAHAGIAN IV

Fi lain yang kena dibayar berkenaan dengan Bahagian III Akta

Aktiviti

1. Penyerahsimpanan atau deposit dokumen

RM20.00

2. Suatu salinan cabutan daftar yang dikehendaki untuk disenggarakan di bawah seksyen 77 Akta atau diberikan oleh Suruhanjaya di bawah seksyen 88 Akta

RM10.00

3. Suatu salinan lesen yang diperakui sah

4. Penyerahsimpanan mana-mana permohonan lain kepada Suruhanjaya jika tiada fi diperuntukkan secara khusus

BAHAGIAN V

Jika orang berlesen atau orang berdaftar itu gagal membayar fi yang ditetapkan di bawah Jadual ini pada tarikh yang padanya fi itu kena dibayar, Suruhanjaya boleh mengenakan suatu fi lewat tidak melebihi satu ratus ringgit bagi setiap hari atau mana-mana bahagian daripadanya yang pembayaran itu lewat, tertakluk kepada had maksimum tiga ribu ringgit.

P.U. (A) 474 18

Dibuat 24 Disember 2012

[RS(A&R)/CMSR 2012. 1/12(156)-1; PN(PU2)662/VII]

RANJIT AJIT SINGH

Pengerusi Suruhanjaya Sekuriti

Diluluskan 27 Disember 2012

[KK/BPKA/K1/(S)/483/128/1/1; PN(PU2)662/VII]

DATO’ SERI AHMAD HUSNI MOHAMAD HANADZLAH

Menteri Kewangan Kedua

P.U. (A) 474 19

CAPITAL MARKETS AND SERVICES ACT 2007

CAPITAL MARKETS AND SERVICES REGULATIONS 2012

IN exercise of the powers conferred under subsection 378(1) of the Capital Markets and

Services Act 2007 [Act 671], the Commission, with the approval of the Minister, makes the following regulations:

Citation and commencement 1.

(1)

These regulations may be cited as the Capital Markets and Services

Regulations 2012.

(2)

These Regulations come into operation on 28 December 2012.

PART I

CONTRACT NOTES AND RETENTION OF RECORDS

Interpretation 2.

(1)

In this Part—

“securities account” has the meaning assigned to it in subsection 2(1) of the Securities Industry (Central Depositories) Act 1991 [Act 453];

“market day” means the day the stock exchange or derivatives exchange is open for trading;

“transaction” means any transaction for the sale or purchase of securities entered into by the holder of a Capital Markets Services Licence either as principal or on behalf of another person.

(2)

A reference in this Part to a holder of a Capital Markets Services Licence dealing in securities or entering into a transaction as principal includes a reference to a person—

P.U. (A) 474 20

(a)

dealing in securities or entering into a transaction on behalf of a person associated with him;

(b)

dealing in securities on behalf of a body corporate in which he has controlling interest; or

(c)

who carries on a business of dealing in securities on behalf of a body corporate in which his interest and the interests of his directors constitute a controlling interest.

(3)

For the purposes of subregulation (2), a person is not associated with another person by reason only that he is a director of a body corporate of which the other person is also a director, whether or not the body corporate carries on a business of dealing in securities.

Contract notes issued by a holder of a Capital Markets Services Licence who carries on the business of dealing in standardized derivatives 3.

(1)

A holder of a Capital Markets Services Licence who carries on the business of dealing in standardized derivatives shall, not later than the end of the next market day after the transaction relating to dealing in standardized derivatives was entered into, give a contract note that complies with this regulation to his client in respect of the transaction.

(2)

For the purposes of complying with this regulation, a contract note in respect of a transaction relating to standardized derivatives shall include the following information:

(a)

the name and address of the principal place of business of the holder of a Capital Markets Services Licence;

(b)

the name and address of the client;

P.U. (A) 474 21

(c)

a description of the standardized derivative sufficient to identify the nature of the transaction, including—

(i)

a description of the underlying instrument;

(ii)

a description of the state of affairs that is the subject of the standardized derivative;

(iii)

in the case of a forward or futures contract, the month and year for the performance or settlement of the forward or futures contract; and

(iv)

in the case of an option,

(A)

the price or value of the underlying instrument or numerical level of the state of affairs that is the subject of the option at which the buyer of the option may exercise the option; and

(B)

whether the option is a call option or a put option;

(d)

the name of the derivatives exchange of which the holder of a

Capital Markets Services Licence is an affiliate;

(e)

the deposit paid or payable in respect of the transaction;

(f)

the price at which the transaction was effected by the holder of a

Capital Markets Services Licence;

(g)

the date of the transaction;

P.U. (A) 474 22

(h)

in the case of an option, the date by or on which the purchaser of the option, in order to exercise the option, shall declare an intention to exercise the option;

(i)

whether the transaction—

(i)

is to buy standardized derivatives;

(ii)

is to sell standardized derivatives;

(iii)

in the case of an option, is to exercise the option; or

(iv)

consists of a combination of the acts referred to in subparagraph (i), (ii) or (iii);

(j)

the quantity or number of the standardized derivatives;

(k)

whether or not the transaction is a liquidating trade;

(l)

the name, or any other type of identification of the holder’s representative who is handling the client’s account;

(m)

the client’s account number;

(n)

a statement stating that the transaction in the contract note issued shall be subject to the rules of the relevant derivatives exchange;

(o)

the reference number of the contract note; and

(p)

the rate and amount of commission, levies, duties, and other fees and taxes payable in respect of the transaction.

P.U. (A) 474 23

(3)

A contract note may contain the particulars of more than one transaction which have been transacted in one market day in relation to one client.

(4)

A holder of a Capital Markets Services Licence who carries on the business of dealing in standardized derivatives, shall not include in a contract note issued under this regulation, a name that he knows or could reasonably be expected to know is not the name by which that client is ordinarily known.

Contract notes issued by a holder of a Capital Markets Services Licence who carries on the business of dealing in securities 4.

(1)

The holder of a Capital Markets Services Licence who carries on the business of dealing in securities shall, not later than the end of the next market day after the transaction was entered into, give a contract note which complies with this regulation to his client in respect of the transaction.

(2)

A contract note given by the holder of a Capital Markets Services Licence who carries on the business of dealing in securities shall include the following information—

(a)

the name and address of the principal place of business of the holder of a Capital Markets Services Licence;

(b)

the name of the stock exchange of which the holder of a Capital

Markets Services Licence is a participating organization;

(c)

the name and address of the client;

(d)

the date of the transaction;

(e)

the client’s account number;

(f)

the securities account number related to the transaction, where applicable;

P.U. (A) 474 24

(g)

a statement stating that the transaction in the contract note issued shall be subject to the rules of the relevant stock exchange;

(h)

the reference number of the contract note;

(i)

the name, or any other type of identification, of the holder’s representatives who is handling the client’s account;

(j)

in respect of a transaction where the holder of a Capital Markets

Services Licence is acting for a person who is not a holder, a statement whether it is acting as principal in respect of that transaction;

(k)

in respect of a transaction which is not in the ordinary course of business on a stock market of a stock exchange, a statement to that effect;

(l)

the quantity and description of the securities transacted;

(m)

the price per unit of the securities;

(n)

the total amount of consideration for the transaction;

(o)

the reference particulars of the securities such as the code numbers by which the securities are identified by a stock exchange;

(p)

a statement as to whether the price paid for the transaction includes or excludes the benefit of any corporate action which is attached to that transaction such as payment of dividends, rights or bonus issues;

(q)

the rate and amount of commission charged;

P.U. (A) 474 25

(r)

the amount of stamp duty payable;

(s)

the date of the delivery of securities and settlement;

(t)

other fees, if any, charged; and

(u)

in respect of non-equity securities which has a maturity or expiry date, the maturity or expiry date of such securities.

(3)

A contract note may contain the particulars of more than one transaction which has been transacted in one market day in relation to one client and if this is the case, the following shall apply:

(a)

there shall be a breakdown of particulars in paragraphs 2(i), (j),

(b)

there shall be a statement to the effect that the invalidity of any one transaction for any reason whatsoever shall not operate as to invalidate all other transactions recorded in that contract note.

(4)

A holder of a Capital Markets Services Licence who carries on the business of dealing in securities shall not include in a contract note issued under this regulation a name that he knows or could reasonably be expected to know is not the name by which that client is ordinarily known.

Electronic contract notes 5.

A contract note that is issued by the holder of a Capital Markets Services Licence under regulation 3 or 4 may be in electronic form provided that the issuance of such contract notes fully comply with regulations 3 and 4 and the requirements specified by the Commission, if any.

P.U. (A) 474 26

Records of trading 6.

(1)

A holder of a Capital Markets Services Licence who carries on the business of dealing in standardized derivatives shall keep records which correctly record and explain dealing in standardized derivatives by the holder on the holder’s own account.

(2)

Without prejudice to the generality of subregulation (1) and subsection 104(7) of the Act, the holder shall keep records of the particulars referred to in subregulation (1) in accordance with the rules of the derivatives exchange.

(3)

The records shall be retained for a period of five years except records that are kept in the form of audio magnetic tapes for which the retention period shall be specified in accordance with the rules of the derivatives exchange.

PART II

INCIDENTAL REGULATED ACTIVITY

Incidental regulated activity 7.

(1)

Subject to subregulation (2), a person who is licensed to carry on a particular regulated activity specified in column (1) of Schedule 1 may carry on other incidental regulated activity as specified in column (2) of Schedule 1.

(2)

The incidental regulated activity shall be carried out solely incidental to the licensed regulated activity and shall be deemed to be carried out as such if the licensed person complies with all the requirements specified by the Commission in relation to the incidental regulated activity.

PART III

FEES

Fees 8.

The fees payable in respect of—

P.U. (A) 474 27

(a)

an application for the approval of a stock exchange or derivatives exchange under section 8 of the Act;

(b)

an application for the approval to establish or operate a clearing house under section 38 of the Act;

(c)

an application for the registration of an electronic facility under subsection 34(1) of the Act;

(d)

the grant and variation of a Capital Markets Services Licence and Capital

Markets Services Representative’s Licence under Division 1 of Part III of the Act;

(e)

the registration of a person as a registered person under section 76 of the

Act; and

(f)

other fees under Part III of the Act, shall be as specified in Schedule 2.

PART IV

REVOCATION AND SAVINGS

Revocation and savings

9.

(1)

The Capital Markets and Services Regulations 2007 [P.U. (A) 336/2007]

are revoked (“revoked Regulations”).

(2)

Notwithstanding subregulation (1) all approvals, directions, decisions, notifications, exemptions, payment and other executive acts, howsoever called, made, given or done under or in accordance with, or pursuant to, the revoked Regulations shall be deemed to have been made, given, or done under, or in accordance with, or pursuant to, the corresponding regulations of these Regulations, and shall continue to

P.U. (A) 474 28

remain in full force and effect in relation to the persons to whom they applied until amended, repealed, rescinded, revoked or replaced under, in accordance with or pursuant to, the corresponding regulations of these Regulations.

P.U. (A) 474 29

SCHEDULE 1

[Regulation 7]

Incidental regulated activity

Licensed Regulated Activity

(1)

Incidental Regulated Activity

(2)

Dealing in securities

Fund management

Investment advice

Dealing in securities restricted to unit trust only

Investment advice

Dealing in private retirement schemes

Investment advice

Fund management

Dealing in securities

Dealing in standardized derivatives

Dealing in private retirement schemes

Investment advice

Dealing in standardized derivatives

Fund management

Investment advice

P.U. (A) 474 30

SCHEDULE 2

FEES

[Regulation 8]

PART I

The fees payable in respect of an application for the approval of a stock exchange, derivatives exchange, clearing house and electronic facility

Activity

Fees

Approval of a stock exchange or derivatives exchange under section 8

of the Act

RM1,000.00 for the application of an approval

RM10,000.00 for the grant of approval

Approval to establish or operate a clearing house under section 38 of the

Act

RM1,000.00 for the application of an approval

RM10,000.00 for the grant of approval

Registration of an electronic facility under subsection 34(1) of the Act

RM5,000.00 on registration

P.U. (A) 474 31

PART II

Fees payable in respect of the grant and variation of a Capital Markets Services Licence and Capital Markets Services Representative’s Licence

Capital Market Services Licence

Activity

Fees

1. Application for a –

2. Submission of Annual Reporting for Authorization of Activity

3. Anniversary date of licence fee payable by a licence holder which is a company, for a period of 12 months or any part thereof for—

RM2,000.00

4. Anniversary date of licence fee payable by a licence holder who is an individual for a period of 12 months or any part thereof for a regulated activity

5. Approval of an application for a variation of a licence

P.U. (A) 474 32

Capital Markets Services Representative’s Licence

Activity

Fees

1. Application for a –

2. Submission of

Annual

Reporting for

Authorization of Activity

3. Anniversary date of licence fee payable by a licence holder for a period of 12 months or any part thereof, for any number of regulated activities

4. Approval of an application for a variation of a licence

* Where at any time during the validity of the Capital Markets Services Licence, the licence holder makes an application to vary the licence to add a subsequent regulated activity, the licence fee payable for that subsequent regulated activity shall be prorated in accordance with the licence period for that subsequent regulated activity which shall commence upon the approval of such subsequent regulated activity.

P.U. (A) 474 33

PART III

The fees payable in respect of the registration of a person as a registered person

Registered persons

Fees

A. Introducing Representative

1. Application for registration

2. Approval of an application for registration

3. Anniversary date of registration fee payable for a period of 12 months or any part thereof

B. Trading Representative

1. Application for registration

2. Approval of an application for registration

3. Anniversary date of registration fee payable for a period of 12 months or any part thereof

P.U. (A) 474 34

PART IV

Other fees payable to the Commission in respect of Part III of the Act.

Activity

Fees

1. Lodgement or deposit of documents

RM20.00

2. A copy of the extract of the register maintained under section 77 of the Act or supplied by the

Commission under section 88 of the Act

RM10.00

3. A certified copy of a licence

4. Lodgement of any other applications to the

Commission where no fees are specifically provided

PART V

Where the licensed person or registered person fails to pay the prescribed fees under this Schedule by the date on which such fee is due, the Commission may impose a late payment fee not exceeding one hundred ringgit for every day or part thereof that the payment is late, subject to a maximum of three thousand ringgit.

P.U. (A) 474 35

Made 24 December 2012

[RS(A&R)/CMSR 2012. 1/12(156)-1; PN(PU2)662/VII]

RANJIT AJIT SINGH

Chairman Securities Commission

Approved 27 December 2012

[KK/BPKA/K1/(S)/483/128/1/1; PN(PU2)662/VII]

DATO’ SERI AHMAD HUSNI MOHAMAD HANADZLAH

Second Minister of Finance