Recital 6

(6)The legally binding requirements applicable to CCPs authorised in Malaysia are laid down in the Capital Markets and Services Act 2007 (Act 671) (Akta Pasaran Modal dan Perkhidmatan 2007) ² (‘CMSA’), in particular Section 38, which is supplemented by the Guidelines on Financial Market Infrastructures ³ (‘the Guidelines’) issued by the Securities Commission Malaysia (‘SC’). The CMSA and the Guidelines, fully implement the international standards set out under the Principles for financial market infrastructures (‘PFMIs’) issued in April 2012 by the Committee on Payments and Market Infrastructures (‘CPMI’) and the International Organization of Securities Commissions (‘IOSCO’). ⁴