My bookmarksSign up free
← Capital Markets and Services Act 2007

Capital Markets and Services Act 2007 s 250

Capital Markets and Services Act 2007 s 250

s 250 Due diligence defence

A person shall not be guilty of an offence under section 246 and is not liable under section 248 if he proves that— (a) he had made all enquiries as were reasonable in the circumstances; and (b) after making such enquiries, he had reasonable grounds to believe and did believe until the time of the making of the statement or provision of the information that— (i) the statement or information was true and not misleading; or (ii) there was no material omission.

Malay text (authoritative)

Ketekunan wajar sebagai pembelaan

Seseorang tidak melakukan kesalahan di bawah seksyen 246 dan tidak bertanggungan di bawah seksyen 248 jika dia membuktikan bahawa— (a) dia telah membuat semua siasatan yang munasabah dalam hal keadaan itu; dan (b) selepas membuat siasatan itu, dia mempunyai alasan yang munasabah untuk mempercayai dan telah mempercayai sehingga masa membuat pernyataan atau memberikan maklumat itu bahawa— (i) pernyataan atau maklumat itu adalah benar dan tidak mengelirukan; atau (ii) tidak terdapat peninggalan yang material.

Read this section in the full act → · Open Division 3 →

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).

What to look at next