In forceUpdated to 11 Apr 1991Read it in Bahasa Malaysia

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Securities Industry (Central Depositories) Act 1991 · Updated to 11 Apr 1991 · Part III · Provisions Relating to Deposited Securities

11. Interpretation

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In this Part, unless the context otherwise requires—

―approved company auditor‖ has the same meaning as is assigned to that expression under subsection 4(1) of the Companies Act 1965;

30 Laws of Malaysia ACT 453

―jumbo certificate‖, in relation to a deposited security, means a certificate comprising not less than fifty thousand units of securities of an issuer which is registered in the name of a central depository or its nominee company, as nominee for depositors;

―market day‖, in relation to a stock exchange, means a day on which a stock market of the stock exchange is open for trading in securities;

―notification date‖ means the date on which the notice pursuant to subsection 14(2) is given by a stock exchange;

―prescribed date‖, in relation to any prescribed security, means the date specified in the notice given by a stock exchange under subsection 14(3) as being the last day on which the prescribed security may be traded on a stock market of the stock exchange unless such security has been deposited with the central depository;

―prescribed security‖ means a security which has been prescribed by a stock exchange to be deposited with a central depository under subsection 14(3);

―record of depositors‖ means a record provided by a central depository to an issuer under section 34 which contains the particulars specified in subsection (3) of the said section.

Terms defined in s 2

Act
Defined · s 2
―Act‖ includes any regulations made under this Act;
Open s 2
central depository
Defined · s 2
―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;
Open s 2
deposited security
Defined · s 2
―deposited security‖ means a security standing to the credit of a securities account and includes a security in a securities account that is in suspense;
Open s 2
issuer
Defined · s 2
―issuer‖, in relation to any deposited security, means the public company, corporation, government, or the body, corporate or unincorporate, which issued the security, and includes any person performing the functions of a registrar or an issuing house for such issuer in respect of such security;
Open s 2
nominee company
Defined · s 2
―nominee company‖, in relation to a central depository, means a company appointed by the central depository for the purpose of holding any deposited security;
Open s 2
record
Defined · s 2
―record‖ includes, in addition to a record in writing— (a) any photograph; (b) any disc, tape, sound-track or other device in which sounds or other data (not being visual images) are embodied so as to be capable (with or without the aid of some other instrument) of being reproduced therefrom; and (c) any film, tape or other device in which visual images are embodied so as to be capable (with or without the aid of some other instrument) of being reproduced therefrom, and any reference to a copy of a record includes— (i) in the case of a record falling within paragraph (b) but not paragraph (c) of this definition, a transcript of the sounds or other data embodied therein; *NOTE—This Act has since been repealed by Capital Market and Services Act 2007 which comes into operation on 28 September 2007 except Division 2 of Part VI which comes into operation on 1 April 2010–see subsection 381(2)…
Open s 2
security
Defined · s 2
―security‖ means debenture, note, stock and share in a public company or corporation, or bond of any government or of any body, corporate or unincorporate, and includes any right or option in respect thereof, any interest as defined in section 84 of the Companies Act 1965 and any interest in a unit trust scheme;
Open s 2
stock exchange
Defined · s 2
―stock exchange‖ has the same meaning as is assigned to that expression under subsection 2(1) of the *Securities Industry Act 1983; *NOTE—This Act has since been repealed by Capital Market and Services Act 2007 which comes into operation on 28 September 2007 except Division 2 of Part VI which comes into operation on 1 April 2010–see subsection 381(2)…
Open s 2
stock market
Defined · s 2
―stock market‖ has the same meaning as is assigned to that expression under subsection 2(1) of the *Securities Industry Act 1983;
Open s 2

Report

Read on from s 12

Part IV

Secrecy Provisions

Read on from Part IV

Part V

Offences

Read on from Part V

Part VI

Enforcement

Read on from Part VI

Part VII

General

Read on from Part VII