Elaborate and Explain the Organizational Structure, Powers & Function of the...

Introduction Aside from the Companies knead 1965, the primary laws governing the ruler of securities and futures in Malaysia are the Securities Industry Act 1983, the Securities focus Act 1993 and the Futures Industry Act 1993. The term securities laws is defined in the Securities Commission Act as meaning these Acts as well as the Securities Industry (Central Depositories) Act 1991: section 2. References to these laws also include references to any regulations, rules, orders, notifications and other subsidiary legislation made under them: section 2A, Securities Commission Act. The Securities Industry Act , which is formed on the pabulum and structure of the Australian Corporations Law and the Hong Kong Securities and Futures Commission, is part of the securities regulation regime, which administers the issuance, diffusion and trading of securities in Malaysia. The basic objective of setting up the Commission was to put in place a primaeval authority to implement and oversee the regulatory framework for craftsmanship in securities and futures . The duty for regulatory oversight of trading in securities rests with the Securities Commission established under the Securities Commission Act (SCA).

forward to 1993, there was no single government personate that was assumption the responsibility for overseeing the development of the Malaysian capital market . The securities industry in Malaysia was then regulated by a heel of bodies such as the Capital Issues Committee, the Panel of Takeovers and Mergers, the Registrar, Foreign investiture Committee, Ministry of International Trade and Industry (MITI) and Bank Negara Malaysia (BNM/Central Bank). As of March 1, 1993, the securities industry entered into a new era with the organic law of a wholly new centralized regulatory body called the Securities Commission (the Commission) when the SCA was brought into force. With the formation of the Commission, the Capital Issues Committee and the Panel of Takeovers and Mergers... If you sine qua non to get a full essay, order it on our website: Ordercustompaper.com

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