In forceUpdated to 11 Apr 1991Read it in Bahasa Malaysia

Contents

Securities Industry (Central Depositories) Act 1991 · Updated to 11 Apr 1991 · Part VII · General

62. Indemnity

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No civil liability shall be incurred by—

(a)

an exchange holding company or a central depository;

and

(b)

any person acting on behalf of an exchange holding company or central depository, including—

(i)

any member of the board of the exchange holding company or central depository, or any member of any committee established by any such board;

(ii)

any officer of the central depository or exchange holding company; and

76 Laws of Malaysia ACT 453

(iii)

any agent of, or any person acting under the direction of the central depository or exchange holding company, for, on account of, or in respect of anything done, any statement made or omitted to be done or made, in connection with the discharge or performance or purported discharge or performance of any duties under this Act or the rules or in the exercise or intended exercise of any power under this Act or the rules, where such act, statement or omissions was done in good faith.

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
exchange holding company
Defined · s 2
―exchange holding company‖ has the same meaning as is assigned to that expression under subsection 2(1) of the *Securities Industry Act 1983;
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rules
Defined · s 2
―rules‖, in relation to— (a) a central depository, means the rules of a central depository, and includes— (i) rules contained in the memorandum and articles of association or other constituent document of the central depository; (ii) rules to ensure compliance by its authorized depository agents, users or depositors of any obligations imposed by this Act or any other written law; (iii) rules in relation to the provision of services for the deposit, holding, transfer and withdrawal of securities, and the suspension or withdrawal of such services; (iv) rules to provide for the persons who may participate in one or more of the services referred to in subparagraph (iii); and (v) rules in respect of such other matters as are necessary or desirable for the proper and efficient operation and management of the central depository, including rules setting fees and charges; and Securities Industry (Central Depositories) 15 (b) an exchange holding company, means the memorandum and articles of association, including rules regulating the activities and conduct of the company in its capacity as an exchange holding company;
Open s 2

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Read on from s 62A