Capital Markets and Services Act 2007 s 112
s 112 Client’s assets other than monies received by holder of Capital Markets Services Licence
(1) A holder of a Capital Markets Services Licence shall deal with any client’s assets other than monies, received, held or deposited with it in the course of its business, and for which it is liable to account to its client, in such manner as may be prescribed in regulations made under this Act.
(2) A holder of a Capital Markets Services Licence who contravenes this section commits an offence and shall, on conviction, be liable to a fine not exceeding one million ringgit or to imprisonment for a term not exceeding five years or to both.
Malay text (authoritative)
Aset klien selain wang yang diterima oleh pemegang Lesen Perkhidmatan Pasaran Modal
(1) Pemegang Lesen Perkhidmatan Pasaran Modal hendaklah menguruskan apa-apa aset klien selain wang, yang diterima, dipegang atau didepositkan dengannya dalam perjalanan urusannya, dan yang baginya ia bertanggungan untuk menjelaskan kepada kliennya, mengikut apa-apa cara sebagaimana yang ditetapkan dalam peraturan-peraturan yang dibuat di bawah Akta ini.
(2) Pemegang Lesen Perkhidmatan Pasaran Modal yang melanggar seksyen ini melakukan suatu kesalahan dan boleh, apabila disabitkan, didenda tidak melebihi satu juta ringgit atau dipenjarakan selama tempoh tidak melebihi lima tahun atau keduaduanya.
Read this section in the full act → · Open Division 4 →
Find Act 671 on lom.agc.gov.my ↗
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
