MALAYSIA Law and Practice Contributed by: Janet Toh, Irene Yong, Krystle Lui and Boo Cheng Xuan, Shearn Delamore & Co.
10.2 Regulatory and Compliance Issues The MCMC is entrusted with administering the OSB, pursuant to which the MCMC’s powers include: • issuing directions in writing to any licensed ASPs, CASPs and network service providers regarding their compliance with the provisions of the OSB; • directing a person to give any information, particulars or document that is relevant to the MCMC if the MCMC has reasonable grounds to believe that such information, particulars or document is relevant to the performance of the MCMC’s functions; • taking and retaining for as long as is neces - sary, possession of a document produced or given under the OSB; and • issuing notices of non-compliance and/or a financial penalty to licensed ASPs, CASPs and network service providers where the MCMC has reasonable grounds to believe that the licensed providers have failed to comply with any of their duties.
238 CHAMBERS.COM
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