Capital Markets and Services Act 2007

The Capital Markets and Services Act 2007 (Malay: Akta Pasaran Modal Dan Perkhidmatan 2007), is a Malaysian laws which enacted to consolidate the Securities Industry Act 1983 [Act 280] and Futures Industry Act 1993 [Act 499], to regulate and to provide for matters relating to the activities, markets and intermediaries in the capital markets, and for matters consequential and incidental thereto.

Capital Markets and Services Act 2007
Parliament of Malaysia
CitationAct 671
Territorial extentThroughout Malaysia
Enacted byDewan Rakyat
Passed10 May 2007
Enacted byDewan Negara
Passed24 May 2007
Royal assent27 July 2007
Commenced31 July 2007
Effective28 September 2007 [All provisions of the act except Division 2 of Part VI – P.U.(B) 342/2007]
1 April 2010 [Division 2 of Part VI of the Act comes into operation – P.U.(B) 143/2010]
Legislative history
Bill introduced in the Dewan RakyatCapital Markets and Services Bill 2007
Bill citationD.R. 11/2007
Introduced byAwang Adek Hussin, Deputy Minister of Finance
First reading7 May 2007
Second reading10 May 2007
Third reading10 May 2007
Bill introduced in the Dewan NegaraCapital Markets and Services Bill 2007
Bill citationD.R. 11/2007
Introduced byAwang Adek Hussin, Deputy Minister of Finance
First reading14 May 2007
Second reading24 May 2007
Third reading24 May 2007
Amended by
Capital Markets And Services (Amendment) Act 2010 [Act A1370]
Capital Markets And Services (Amendment) Act 2011 [Act A1406]
Capital Markets And Services (Amendment) Act 2012 [Act A1437]
Capital Markets and Services (Amendment) Act 2015 [Act 1499]
Related legislation
Securities Industry Act 1983 [Act 280]
Futures Industry Act 1993 [Act 499]
Status: In force

Structure

The Capital Markets and Services Act 2007, in its current form (15 September 2015), consists of 13 Parts containing 394 sections and 11 schedules (including 4 amendments).

  • Part I: Preliminary
  • Part II: Securities and Derivatives Markets
    • Division 1 – Markets
    • Division 2 – Markets institutions
      • Subdivision 1 – Exchanges and exchange holding company
      • Subdivision 2 – Exchange holding company
      • Subdivision 3 – General
      • Subdivision 4 – Registered facilities
      • Subdivision 5 – Approval of clearing house
      • Subdivision 6 – Modifi cations to the law of insolvency and miscellaneous provisions relating to the operations and procedures of the approved clearing house
  • Part III: Capital Markets Services
    • Division 1 – Licensing and regulation
    • Division 2 – Records
    • Division 3 – Conduct of business
      • Subdivision 1 – General
      • Subdivision 2 – Securities
      • Subdivision 3 – Standardized derivatives
      • Subdivision 4 – Over-the-counter derivatives
    • Division 4 – Books, client’s assets protection and audit
      • Subdivision 1 – Books
      • Subdivision 2 – Treatment of client’s assets in respect of securities
      • Subdivision 3 – Treatment of client’s assets in respect of derivatives
      • Subdivision 4 – Treatment of client’s assets in respect of fund management
      • Subdivision 5 – Range of actions Commission may take to protect clients under certain circumstances
      • Subdivision 6 – Audit
    • Division 5 – Vesting
  • Part IIIA: Private Retirement Scheme Industry
    • Division 1 – Preliminary
    • Division 2 – Private retirement scheme
      • Subdivision 1 – Private retirement scheme administrator
      • Subdivision 2 – Private retirement scheme provider
      • Subdivision 3 – Private retirement scheme
      • Subdivision 4 – Scheme trustee
    • Division 3 – Trustee for employer – sponsored retirement scheme
    • Division 4 – General
  • Part IV: Capital Market Compensation Fund
    • Division 1 – Interpretation
    • Division 2 – The Capital Market Compensation Fund Corporation
    • Division 3 – The Capital Market Compensation Fund
    • Division 4 – Provisions relating to claims
  • Part V: Market Misconduct and Other Prohibited Conduct
    • Division 1– Prohibited conduct – Securities
      • Subdivision 1 – Offences relating to false trading and market rigging, stock market manipulations, etc.
      • Subdivision 2 - Insider trading
      • Subdivision 3 - Civil remedies
    • Division 2 – Prohibited conduct – Derivatives
      • Subdivision 1 – Offences relating to false trading, bucketing, etc.
      • Subdivision 2 - Civil remedies
  • Part VI: Issues of Securities and Take-Over and Mergers
    • Division 1 – Listed and Unlisted Capital Market Product
    • Division 1A – Application for Approval
    • Division 2 – Take-overs, mergers and compulsory acquisitions
    • Division 3 – Prospectus
    • Division 3A – Application for authorization or recognition
    • Division 3B – Business Trust
    • Division 3C – False or misleading statement or information under Division 3A and 3B
    • Division 4 – Debentures
      • Subdivision 1 – Trust deeds, duties of trustees, borrowers, etc.
      • Subdivision 2 – General
    • Division 5 – Unit trust schemes and prescribed investment scheme
    • Division 6 – Islamic securities
  • Part VII: Provisions Applicable to Listed Corporations
  • Part VIII: Self-Regulatory Organizations
  • Part IX: Capital Market Development Fund
  • Part IXA: Management of Systemic Risk in the Capital Market
  • Part X: Disclosure of Information
    • Division 1 – Application
    • Division 2 – Disclosure of information
  • Part XI: Administrative and Civil Actions
  • Part XII: General
  • Part XIII: Repeal, Savings and Transitional Provisions
  • Schedules

References

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