Capital Markets and Services Act 2007

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Capital Markets and Services Act 2007
Parliament of Malaysia
  • An Act to consolidate the Securities Industry Act 1983 [Act 280] and Futures Industry Act 1993 [Act 499], to regulate and to provide for matters relating to the activities, markets and intermediaries in the capital markets, and for matters consequential and incidental thereto.
CitationAct 671
Territorial extentThroughout Malaysia
Passed byDewan Rakyat
Passed10 May 2007
Passed byDewan Negara
Passed24 May 2007
Royal assent27 July 2007
Commenced31 July 2007
Effective28 September 2007 [All provisions of the Act except Division 2 of Part VI – P.U.(B) 342/2007]
1 April 2010 [Division 2 of Part VI of the Act comes into operation – P.U.(B) 143/2010]
Legislative history
First chamber: Dewan Rakyat
Bill titleCapital Markets and Services Bill 2007
Bill citationD.R. 11/2007
Introduced byAwang Adek Hussin, Deputy Minister of Finance
First reading7 May 2007
Second reading10 May 2007
Third reading10 May 2007
Second chamber: Dewan Negara
Bill titleCapital Markets and Services Bill 2007
Bill citationD.R. 11/2007
Member(s) in chargeAwang Adek Hussin, Deputy Minister of Finance
First reading14 May 2007
Second reading24 May 2007
Third reading24 May 2007
Amended by
Capital Markets And Services (Amendment) Act 2010 [Act A1370]
Capital Markets And Services (Amendment) Act 2011 [Act A1406]
Capital Markets And Services (Amendment) Act 2012 [Act A1437]
Capital Markets and Services (Amendment) Act 2015 [Act 1499]
Related legislation
Securities Industry Act 1983 [Act 280]
Futures Industry Act 1993 [Act 499]
Status: In force

The Capital Markets and Services Act 2007 (Malay: Akta Pasaran Modal Dan Perkhidmatan 2007), is an Act of the Parliament of Malaysia which was enacted to consolidate the Securities Industry Act 1983 [Act 280] and Futures Industry Act 1993 [Act 499], to regulate and to provide for matters relating to the activities, markets and intermediaries in the capital markets, and for matters consequential and incidental thereto.[1]

Provisions of the Act include the regulation of company takeovers and mergers and the provision of civil remedies for fraud victims.[2][3]

Structure[edit]

The Capital Markets and Services Act 2007, in its current form (15 September 2015), consists of 13 Parts containing 394 sections and 11 schedules (including 4 amendments).

References[edit]

  • Shanti Geoffrey. Capital Market Laws of Malaysia. LexisNexis. 2010. Berkeley Law Library. APU. UniSZA. Second Edition. 2020. Passim, but see particularly chapter 2 ("Introduction to the Capital Markets and Services Act 2007") and chapter 10 ("Administration of the Capital Markets and Services Act 2007").
  • Legal Research Board (compiler). Capital Markets and Services Act 2007 (Act 671). International Law Book Services. 2007. Berkeley Law Library. 2010. Catalog. 2014. Catalog. 2022.
  • Kabir Hassan and Michael Mahlknecht. "Capital Markets and Services Act 2007 (Act 671)". Islamic Capital Markets. Wiley. (John Wiley and Sons Ltd). 2011. Section 4.2.1.1 at page 93. See also chapter 4 at pages 91 to 106, and see pages 224 to 233.
  1. ^ Salim, Mohammad Rizal (2011). "Chapter 12: Corporate governance in Malaysia: the macro and micro issues". In Mallin, Christine A. (ed.). Handbook on International Corporate Governance. Edward Elgar Publishing. doi:10.4337/9781849808293. ISBN 9781849801232.
  2. ^ Kuek, Chee Ying (2014). "Legal Recourse for Breach of Mandatory Bid Rule in Malaysia". Current Law Review. 1: 57–77.
  3. ^ Yeon, Asmah Laili; Yaacob, Nurli (2016). "Investors Perception on Civil Remedies and Civil Action under the Capital Markets and Services Act 2007". International Journal of Economics and Financial Issues. 6 (7): 225–231.

External links[edit]