s 30 Suspension order relating to stock exchange, futures exchange, approved clearing house or central depository
(1) Without prejudice to section 12, 27 or 28, where the Minister is satisfied that it is in the public interest, or it is appropriate to do so for the protection of investors or for the proper regulation of a stock exchange, a futures exchange, an approved clearing house or a central depository, the Minister may, on the recommendation of the Commission, make an order (βsuspension orderβ) relating to all or any of the following: (a) the functions of the board of the stock exchange, futures exchange, approved clearing house or central depository, or any member of its board; (b) the functions of any committee (including a subcommittee) established by a board referred to in paragraph (a); or (c) the functions of the principal officer, by whatever name called, who is responsible for the conduct of the business and operations of the stock exchange, futures exchange, approved clearing house or central depository, as the case may be. (2) For so long as a suspension order is in force, the following provisions shall apply: (a) none of the functions to which the order relates shall be performed by any board, committee or officer thereof; (b) any function to which paragraph (a) applies may be performed by such person as shall be specified in the order in relation to that function; and (c) a person referred to in paragraph (a) shall not, by act or omission, either directly or indirectly, affect the manner in which functions therein referred to are performed unless the person to perform the functions under paragraph (b) requests for his assistance. (3) Subject to subsection (6), a suspension order shall continue in force for such period, being a period not exceeding six months, as shall be specified in the order. (4) A suspension order or any extension thereof under subsection (6) shall take effect when a copy of the order or notice of the extension is served under paragraph (7)(a) on the stock exchange, futures exchange, approved clearing house or central depository to which the order relates. (5) Without prejudice to subsection (4), where a suspension order is made or such an order is extended under subsection (6), the Commission shall, where it is practicable to do so, as soon as may be practicable, give a copy of the order or the notice of its extension, as the case may be, to the principal officer of the stock exchange, futures exchange, approved clearing house or central depository to which the order relates and to such members of the governing body thereof (if any) as the Commission may consider appropriate in the circumstances. (6) The Minister may, on the recommendation of the Commission, extend the period during which a suspension order is to remain in force for any further periods each not exceeding three months. (7) Where a suspension order is made or extended under this section, the Commission shallβ (a) forthwith serve a copy of the order or notice in writing of the extension on the stock exchange, futures exchange, approved clearing house or central depository to which the order relates; and (b) cause the suspension order or the notice of the extension, as the case may be, to be published in the Gazette. (8) A person who contravenes a suspension order issued under subsection (1) commits an offence and shall, on conviction, be liable to a fine not exceeding five million ringgit or to imprisonment for a term not exceeding ten years or to both. (9) For the purposes of this section, βprincipal officerβ includes a person, by whatever name called, who either individually or jointly with one or more other persons, is responsible for the conduct of the business and the administration of the stock exchange, futures exchange, approved clearing house or central depository.