(1) The Commission shall have the following functions:
(a) to advise the Minister on all matters relating to securities and futures industries;
(b) to regulate all matters relating to securities and futures contracts;
(c) to ensure that the provisions of the securities laws are complied with;
(d) to regulate the take-overs and mergers of companies;
(e) to regulate all matters relating to unit trust schemes;
(f) to be responsible for supervising and monitoring the activities of any exchange holding company, exchange, clearing house and central depository;
[Am. Act A1217:s.6]
(g) to take all reasonable measures to maintain the confidence of investors in the securities and futures markets by ensuring adequate protection for such investors;
(h) to promote and encourage proper conduct amongst participating organisations, participants, affiliates, depository participants and all licensed or registered persons of an exchange, clearing house and central depository, as the case may be;
[Subs. Act A1217:s.6]
(i) to suppress illegal, dishonourable and improper practices in dealings in securities and trading in futures contracts, and the provision of investment advice or other services relating to
securities or futures contracts;
(j) to consider and make recommendations for the reform of the law relating to securities and futures contracts;
(k) to encourage and promote the development of securities and futures markets in Malaysia including research and training in connection thereto;
(l) to encourage and promote self-regulation by professional associations or market bodies in the securities and futures industries;
(m) to license and supervise all licensed persons as may be provided for under any securities law;
(n) to promote and maintain the integrity of all licensed persons in the securities and futures industries.
(2) [Repealed by Act A987:s.2]
(3) The Commission shall have the functions and powers conferred upon it by or under the securities laws.
(4) Nothing in paragraph (1)(l) shall limit or otherwise affect the functions of the Commission.
[Subs. Act A926:s.5]
(5) For the purposes of this section, "depository participants" means persons to whom section 9 of the Securities Industry (Central Depositories) Act 1991 apply.