Securities Commission seeks MACC chief’s explanation over admission of proxy share trading | Malay Mail

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Securities Commission seeks MACC chief’s explanation over admission of proxy share trading

KUALA LUMPUR, Jan 6 — The Securities Commission Malaysia announced today it will be calling in Malaysian Anti-Corruption Commission chief Tan Sri Azam Baki for questioning over alleged violation of stock trading laws.

Citing Section 25 of the Securities Industry Act , the SC said every securities account opened with a central depository must be in the name of the beneficial owner of the deposited securities or in the name of an authorised nominee.

 

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