Securities Industry (Central Depositories) Act 1991 · Updated to 11 Apr 1991 · Part VII · General
59. Preservation of records and accounts
Feedback & supportA central depository and its authorized depository agents shall preserve all records and communications in relation to a depositor’s account and such other records and accounts as will sufficiently
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;
72 Laws of Malaysia ACT 453
explain the transactions and operations of the central depository and authorized depository agents in relation to deposited securities, for a period of seven years, whether or not they cease to carry on their business before the end of their seventh year.