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← Securities Commission Act 1993

Securities Commission Act 1993 s 152

Securities Commission Act 1993 s 152

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

s 152 Disclosure of information to Commission

(1) The Commission may, by notice in writing, require any person to disclose to the Commission such information as the Commission may specify in the notice as it deems expedient for the due administration of the securities laws. (2) Where any information is required to be disclosed to the Commission under subsection (1), the person to whom the notice is directed shall notβ€” (a) disclose or cause to be disclosed any information that is false or misleading; (b) disclose or cause to be disclosed any information from which there is a material omission; or (c) engage in, or aid, or abet, conduct that is misleading or deceptive or is likely to mislead or deceive the Commission. (3) Without prejudice to subsection (2), where a person referred to in subsection (1) becomes aware thatβ€” (a) any information disclosed to the Commission under subsection (1) is false or misleading; (b) any information disclosed to the Commission under subsection (1) is information from which there is a material omission; or (c) the person’s conduct is misleading or deceptive or is likely to mislead or deceive the Commission, the person shall advise the Commission of the facts and shall take such action as the Commission may require. (4) A person who contravenes subsection (2) or (3) shall be guilty of an offence and shall on conviction be punished with a fine not exceeding one million ringgit or imprisonment for a term not exceeding ten years or both.

Read this section in the full act β†’ Β· Open Part VI β†’

Find Act 498 on lom.agc.gov.my β†—

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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