Securities and Futures Act 2001 · 2020 Revised Edition · Part 4 · Holders of Capital Markets Services Licence and Representatives
98. Appeals
Feedback & supportLast amended by an amending law of 2024. 2 amendments in all.
Subject to subsection (2), any person who is aggrieved by —
the refusal of the Authority to grant or vary a capital markets services licence;
the revocation or suspension of a capital markets services licence by the Authority; or
[Deleted by Act 2 of 2009]
the refusal of the Authority to grant an approval to a holder of a capital markets services licence to appoint a person as its chief executive officer or director,(e)[Deleted by Act 12 of 2024 wef 24/01/2025]may within 30 days after it is notified of the decision of the Authority, appeal to the Minister whose decision is final.
An appeal under subsection (1)(d) may only be made by the holder of a capital markets services licence.
capital markets services licence
“capital markets services licence” means a licence that is granted by the Authority under section 86 to a person to carry on a business in any regulated activity;