Malaysia legislation
Section 41
Section 41
(a)
where the transfer of such security in the name of the central depository or its nominee company has not been, or cannot be, registered by its issuer under section 18;
(aa) where the central depository has reason to believe or is satisfied that there is a breach of the rules of the central depository, stock exchange or recognized clearing house;
(ab) where the central depository has been served with a notice by the Commission that the Commission suspects or has reason to believe that a provision of a securities law has been contravened and that a securities account of a depositor is relevant to its investigations regarding the contravention;
(b)
where the central depository has been served with an order of a court of competent jurisdiction prohibiting any dealing in respect of a deposited security;
(c)
where an order under regulation 8 of the Essential
(Protection of Depositors) Regulations 1986 has been made by the Central Bank of Malaysia and published in the Gazette;
(d)
(Deleted by Act A1039);
(e)
such other circumstances as may be prescribed by the
Minister by regulations made under this Act.
(2)
In the case of a security that is specified in the securities accounts as being in suspense pursuant to subsection (1)—
(a)
the rights, benefits, powers and privileges of a depositor;
and
(b)
the liabilities, duties and obligations of a depositor, in respect of, or arising from, the suspension of such a security, shall be as prescribed by the Minister by regulations under this Act.
54 Laws of Malaysia ACT 453
Notice of trust