Capital Markets and Services Act 2007 s 141
s 141 Establishment of compensation fund
(1) A relevant stock exchange shall establish and maintain a compensation fund which shall be administered under this Division.
(2) The assets of the compensation fund shall be the property of the relevant stock exchange but the relevant stock exchange shall keep such assets separate from all its other property and shall hold such assets in trust for the purposes set out in the regulations made under this Act.
(3) The Minister may by regulations prescribe—
(a) in respect of a compensation fund of a relevant stock exchange—
(i) the powers of the Commission;
(ii) the powers, obligations and liabilities of the relevant stock exchange; and
(iii) the manner in which the compensation fund is to be administered;
(b) the manner in which the relevant stock exchange shall apply its compensation fund; and
(c) without prejudice to section 152, in respect of claims made against a compensation fund of a relevant stock exchange,—
(i) the persons who are eligible to make claims;
(ii) the circumstances under which claims are to be allowed;
(iii) the procedures and limitations in respect of such claims; and
(iv) appeals and the procedures applicable thereto.
Malay text (authoritative)
Penubuhan tabung pampasan
(1) Sesuatu bursa saham yang berkaitan hendaklah menubuhkan dan menyenggarakan suatu tabung pampasan yang hendaklah ditadbirkan di bawah Penggal ini.
(2) Aset tabung pampasan hendaklah menjadi harta bursa saham yang berkaitan tetapi bursa saham yang berkaitan itu hendaklah menyimpan aset itu berasingan daripada segala hartanya yang lain dan hendaklah memegang aset itu sebagai amanah bagi maksud yang dinyatakan dalam peraturan-peraturan yang dibuat di bawah Akta ini.
(3) Menteri boleh melalui peraturan-peraturan menetapkan—
(a) berkenaan dengan suatu tabung pampasan sesuatu bursa saham yang berkaitan—
(i) kuasa Suruhanjaya;
(ii) kuasa, obligasi dan tanggungan bursa saham yang berkaitan; dan
(iii) cara tabung pampasan itu ditadbirkan;
(b) cara bursa saham yang berkaitan itu hendaklah menggunakan tabung pampasannya; dan
(c) tanpa menjejaskan seksyen 152, berkenaan dengan tuntutan yang dibuat terhadap suatu tabung pampasan sesuatu bursa saham yang berkaitan—
(i) orang yang layak untuk membuat tuntutan;
(ii) hal keadaan yang dalamnya tuntutan dibenarkan;
(iii) prosedur dan had berkenaan dengan tuntutan sedemikian; dan
(iv) rayuan dan prosedur yang terpakai baginya.
Read this section in the full act → · Open Division 1 →
Find Act 671 on lom.agc.gov.my ↗
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).
