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.
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
