19. Amendment of section 15

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Section 15 of the principal Act is amended—

(a)

in paragraph (a), by substituting for the words “securities and derivatives industries” the words “the capital market”;

(b)

in paragraph (b), by substituting for the words “securities and derivatives” the words “the capital market”;

(c)

in paragraph (e), by inserting after the words “unit trust schemes” the words “and private retirement schemes”;

(d)

in paragraph (f), by substituting for the words “exchange holding company, exchange” the words “exchange holding company, stock exchange, derivatives exchange”;

(e)

in paragraph (g), by substituting for the words “securities and derivatives markets” the words “capital market”;

(f)

in paragraph (i)—

(i)

by substituting for the words “dealings in securities and dealing in derivatives” the words “the capital market”; and

(ii)

by substituting for the words “securities or derivatives” the words “the capital market”;

(g)

in paragraph (j), by substituting for the words “law relating to securities and derivatives” the words “securities laws”;

(h)

in paragraph (k), by substituting for the words “securities and derivatives markets” the words “the capital market”;

(i)

in paragraph (l), by substituting for the words “market bodies in the securities and derivatives industries” the words “market institutions in the capital market”;

(j)

in paragraph (m), by substituting for the words “authorize and supervise” the words “authorize, approve and supervise”;

Securities Commission (Amendment)

(k)

in paragraph (n), by substituting for the words “in the securities and derivatives industries” the words “, registered persons, approved persons and participants in the capital market”;

(l)

by substituting for paragraph (o) the following paragraph:

“(o) to register or recognize all auditors of public interest entities or schedule funds for the purposes of this Act, and to exercise oversight over any person who prepares a report in relation to financial information of public interest entities or schedule funds, in relation to capital market activities;”;

(m)

by inserting after paragraph (o) the following paragraph:

“(oa) to promote confidence in the quality and reliability of audited financial statements in Malaysia, and to promote and develop an effective and robust audit oversight framework in Malaysia;”;

(n)

in paragraph (p), by substituting for the words “securities and derivatives markets” the words “capital market”;

and

(o)

in paragraph (r), by substituting for the words “ securities and derivatives markets;” the words “capital market.”.

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