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Tengku Dato' Kamal Ibni Sultan Sir Abu Bakar & 3 Ors v Bursa Malaysia Securities Berhad

The decision of the appellate court is significant as it takes cognisance of Bursa's in-house mechanism for taking action against market participants in breach of its rules and regulations, and further affirms that the role of the court in an application by Bursa under section 360 of the CMSA is merely to review, based on affidavit evidence, whether there was a sufficient basis for the decisions made by Bursa's regulatory committees. The boundaries of such a review however are grey and remain to be shaped by future cases.

The Appellants have applied to the Federal Court for leave to appeal against the decision of the Court of Appeal, which will be heard on 28 February 2013.

 
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