Securities Industry (Central Depositories) Act 1991 · Updated to 11 Apr 1991 · Part II · Central Depository
10. Central depository to provide assistance to the Commission
Feedback & supportA central depository shall provide such assistance to the
central depository
―central depository‖ means a company approved by the Minister under section 5— Securities Industry (Central Depositories) 11 (a) to establish and operate a system for the central handling of securities, whether or not listed on any stock exchange,— (i) whereby all such securities are deposited with and held in custody by, or registered in the name of, the company or its nominee company for the depositors and dealings in respect of those securities are effected by means of entries in securities accounts without the physical delivery of scrips; or (ii) which permits or facilitates the settlement of securities transactions or dealings in securities without the physical delivery of scrips; and (b) to provide other facilities and services incidental thereto;
Commission as the Commission reasonably requires for the performance of its functions and duties under this Act.
Commission
―Commission‖ means the Securities Commission established under the Securities Commission Act 1993;
A person acting on behalf of or authorized by the Commission is entitled at all reasonable times to full and free access to any part of the premises of a central depository for the purpose of ensuring compliance with this Act.
A person who refuses or fails, without lawful excuse, to allow a person acting on behalf of or authorized by the Commission access to any premises mentioned in subsection (2) shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding one hundred thousand ringgit or to imprisonment for a term not exceeding three years or to both.
access
―access‖, in relation to a computer system, means the placing of information on that system and the retrieval of information from that system;