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Perintah Pasaran Modal dan Perkhidmatan (Penetapan Sekuriti Islam) 2012

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Enacted: 2012
Sections: 5

Front matterCover and publication detailsOpen

P.U. (A) 478

WARTA KERAJAAN PERSEKUTUAN

FEDERAL GOVERNMENT

GAZETTE

PERINTAH PASARAN MODAL DAN PERKHIDMATAN

(PENETAPAN SEKURITI ISLAM) 2012

CAPITAL MARKETS AND SERVICES

(PRESCRIPTION OF ISLAMIC SECURITIES) ORDER 2012

DISIARKAN OLEH/

JABATAN PEGUAM NEGARA/

ATTORNEY GENERAL’S CHAMBERS

P.U. (A) 478 2

AKTA PASARAN MODAL DAN PERKHIDMATAN 2007

PERINTAH PASARAN MODAL DAN PERKHIDMATAN

(PENETAPAN SEKURITI ISLAM) 2012

Opening note

Preamble

PADA menjalankan kuasa yang diberikan oleh subseksyen 5(1) dan 316(2) Akta Pasaran Modal dan Perkhidmatan 2007 [Akta 671], Menteri, atas syor Suruhanjaya, membuat perintah yang berikut: Nama dan permulaan kuat kuasa

Seksyen 1

(1)

Perintah ini bolehlah dinamakan Perintah Pasaran Modal dan

Perkhidmatan (Penetapan Sekuriti Islam) 2012.

(2)

Perintah ini mula berkuat kuasa pada 28 Disember 2012.

Seksyen 2

Tafsiran

(1)

Dalam Perintah ini—

“produk berstruktur” mempunyai erti yang sama seperti yang diperuntukkan dalam garis panduan Suruhanjaya berkenaan dengan produk berstruktur;

“produk berstruktur Islam” ertinya produk berstruktur yang distrukturkan dengan mematuhi prinsip Syariah;

“sekuriti Islam” ertinya―

(a)

syer dalam suatu pertubuhan perbadanan atau pertubuhan yang tidak diperbadankan, yang dikelaskan sebagai patuh Syariah oleh

Majlis Penasihat Syariah;

(b)

unit dalam suatu skim unit amanah atau pelaburan ditetapkan yang distrukturkan dengan mematuhi prinsip Syariah;

(c)

produk berstruktur Islam; atau

P.U. (A) 478 3

(d)

sukuk yang distrukturkan dengan mematuhi prinsip Syariah, dan termasuklah apa-apa hak, opsyen atau kepentingan yang berkenaan dengannya, yang mematuhi prinsip Syariah;

“sukuk” mempunyai erti yang sama seperti yang diperuntukkan dalam garis panduan Suruhanjaya berkenaan dengan sekuriti Islam.

(2)

Tertakluk kepada subseksyen (1), sekuriti Islam tidaklah termasuk mana-mana Instrumen Boleh Niaga Islam yang memenuhi syarat yang berikut:

(a)

terbitan Intrumen Boleh Niaga Islam itu adalah oleh suatu institusi berlesen atau bank Islam yang layak yang mematuhi garis panduan bagi Instrumen Boleh Niaga Islam sebagaimana yang ditentukan oleh Bank Negara Malaysia; dan

(b)

tempoh maksimum Instrumen Boleh Niaga Islam itu tidak melebihi lima tahun.

Seksyen 3

Penetapan sebagai sekuriti

(1)

Sekuriti Islam ditetapkan sebagai sekuriti bagi maksud undang-undang sekuriti.

(2)

Apa-apa cadangan, skim, transaksi, perkiraan, aktiviti, produk atau perkara yang berhubungan dengan sekuriti Islam hendaklah mematuhi kehendak yang berkaitan di bawah undang-undang sekuriti dan garis panduan yang dikeluarkan oleh

Suruhanjaya.

Seksyen 4

Pemakaian Penggal 4 Bahagian VI Akta

Apa-apa sebutan mengenai “peminjam” dalam Penggal 4 Bahagian VI Akta hendaklah dikira sebagai sebutan mengenai “penerbit sukuk” atau “penerbit produk berstruktur Islam” bagi maksud pemakaian peruntukan itu bagi sukuk atau produk berstruktur Islam.

P.U. (A) 478 4

Pembatalan

Seksyen 5

Perintah

Suruhanjaya

Sekuriti

(Penetapan

Sekuriti

Islam)

2004

[P.U. (A) 230/2004] dibatalkan.

Dibuat 27 Disember 2012

[KK/BPKA/K1/(S)/483/128/1/1 Jld. 8; PN(PU2)662/VII]

DATO’ SERI AHMAD HUSNI BIN MOHAMAD HANADZLAH

Menteri Kewangan Kedua

P.U. (A) 478 5

CAPITAL MARKETS AND SERVICES ACT 2007

CAPITAL MARKETS AND SERVICES (PRESCRIPTION OF ISLAMIC SECURITIES)

ORDER 2012

Opening note

Preamble

IN exercise of the powers conferred by subsections 5(1) and 316(2) of the Capital Markets and Services Act 2007 [Act 671], the Minister, on the recommendation of the Commission, makes the following order: Citation and commencement 1.

(1)

This order may be cited as the Capital Markets and Services

(Prescription of Islamic Securities) Order 2012.

(2)

This Order comes into operation on 28 December 2012.

Interpretation 2.

(1)

In this Order—

“structured product” has the same meaning as provided for in the Commission’s guidelines in respect of structured products;

“Islamic structured product” means a structured product structured in compliance with Shariah principles;

“Islamic securities” means—

(a)

shares in a body corporate or an unincorporated body, which are classified as Shariah-compliant by the Shariah Advisory Council;

(b)

units in a unit trusts scheme or prescribed investments structured in compliance with Shariah principles;

(c)

an Islamic structured product; or

P.U. (A) 478 6

(d)

sukuk structured in compliance with Shariah principles, and includes any right, option or interest in respect thereof which are in compliance with Shariah principles;

“sukuk” has the same meaning as provided for in the Commission’s guidelines in respect of Islamic securities.

(2)

Subject to subsection (1), Islamic securities does not include any Islamic

Negotiable Instruments that satisfy the following conditions:

(a)

the issuance of the Islamic Negotiable Instrument is by an eligible licensed institution or Islamic bank that is in compliance with the

Guidelines on Islamic Negotiable Instruments as may be specified by the Central Bank of Malaysia; and

(b)

the maximum tenure of the Islamic Negotiable Instrument does not exceed five years.

Prescription as securities 3.

(1)

Islamic securities are prescribed as securities for the purposes of securities laws.

(2)

Any proposal, scheme, transaction, arrangement, activity, product or matter relating to Islamic securities shall comply with the relevant requirements under securities laws and guidelines issued by the Commission.

Application of Division 4 of Part VI of the Act 4.

Any reference to the “borrower” in Division 4 of Part VI of the Act shall be construed as a reference to an “issuer of sukuk” or “issuer of an Islamic structured product” for the purposes of the application of those provisions to sukuk or Islamic structured product.

P.U. (A) 478 7

Revocation 5.

The Securities Commission (Prescription of Islamic Securities) Order 2004

[P.U. (A) 230/2004] is revoked.

Made 27 December 2012

[KK/BPKA/K1/(S)/483/128/1/1 Jld. 8; PN(PU2)662/VII]

DATO’ SERI AHMAD HUSNI BIN MOHAMAD HANADZLAH

Second Minister of Finance

Common questions

What is Perintah Pasaran Modal dan Perkhidmatan (Penetapan Sekuriti Islam) 2012?: Perintah Pasaran Modal dan Perkhidmatan (Penetapan Sekuriti Islam) 2012 is Malaysia P.U. (A), cited as P.U. (A) 478 2012, currently marked in force and first recorded in 2012.
Is Perintah Pasaran Modal dan Perkhidmatan (Penetapan Sekuriti Islam) 2012 still in force?: Yes — Perintah Pasaran Modal dan Perkhidmatan (Penetapan Sekuriti Islam) 2012 is currently in force.
When did Perintah Pasaran Modal dan Perkhidmatan (Penetapan Sekuriti Islam) 2012 take effect?: Perintah Pasaran Modal dan Perkhidmatan (Penetapan Sekuriti Islam) 2012 was first recorded in 2012.
How many sections does Perintah Pasaran Modal dan Perkhidmatan (Penetapan Sekuriti Islam) 2012 have?: Perintah Pasaran Modal dan Perkhidmatan (Penetapan Sekuriti Islam) 2012 contains 5 sections.
Where can I read the official version of Perintah Pasaran Modal dan Perkhidmatan (Penetapan Sekuriti Islam) 2012?: The official text of Perintah Pasaran Modal dan Perkhidmatan (Penetapan Sekuriti Islam) 2012 is published at lom.agc.gov.my.

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