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← Securities Commission Act 1993

Securities Commission Act 1993 s 121

Securities Commission Act 1993 s 121

Some sections could not be extracted from the official PDF, so this text may be incomplete.

s 121 Branch register

(1) Notwithstanding the provisions of section 117, a management company may cause to be kept in any place outside Malaysia a branch register of unit holders of a unit trust scheme or prescribed investment scheme which shall be deemed to be part of the register of unit holders. (2) A management company shall deliver to the Commission a notice of the location of the office where any branch register is kept and of any change in its location and, if the branch office is permanently closed, of its closure, and any such notice shall be delivered within one month after the opening of the office or of the change or closure, as the case may be. (3) A branch register shall be kept in the same manner in which the principal register is required by this Act to be kept. (4) A management company shall transmit to the office at which its principal register is kept a copy of every entry in its branch register as soon as may be practicable after the entry is made, and shall cause to be kept at that office, duly entered up from time to time, a copy of its branch register, which shall for all purposes of this Act be deemed to be part of the principal register. (5) A management company may close a branch register and thereupon all entries in that register shall be transferred to some other branch register or to the principal register. (6) A person who contravenes subsection (2), (3) or (4) shall be guilty of an offence and shall on conviction be liable to a fine not exceeding fifty thousand ringgit.

Read this section in the full act → · Open Part IV →

Find Act 498 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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