Capital Markets and Services Act 2007 s 326
s 326 Appointment of directors of a recognized self-regulatory organization
(1) No appointment, election or nomination of a director or chief executive of a recognized self-regulatory organization can be made without the prior approval of the Commission.
(2) The recognized self-regulatory organization shall ensure that at least one-third of the number of directors on its board shall be public interest directors in accordance with such criteria as may be specified by the Commission.
Malay text (authoritative)
Pelantikan pengarah organisasi pengawalseliaan sendiri yang diiktiraf
(1) Tiada pelantikan, pemilihan atau pencalonan seseorang pengarah atau ketua eksekutif suatu organisasi pengawalseliaan sendiri yang diiktiraf boleh dibuat tanpa kelulusan Suruhanjaya terlebih dahulu.
(2) Organisasi pengawalseliaan sendiri yang diiktiraf hendaklah memastikan bahawa sekurang-kurangnya satu per tiga daripada bilangan pengarah dalam lembaganya merupakan pengarah berkepentingan awam mengikut apa-apa kriteria sebagaimana yang ditentukan oleh Suruhanjaya.
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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).