Capital Markets and Services Act 2007 s 59
s 59 Requirement for Capital Markets Services Representative’s Licence
(1) No person shall act as a representative in respect of any regulated activity or hold himself out as doing so unless he is the holder of a Capital Markets Services Representative’s Licence for that regulated activity or is a registered person with respect to that regulated activity.
(2) A person who contravenes subsection (1) commits an offence and shall, on conviction, be liable to a fine not exceeding five million ringgit or to imprisonment for a term not exceeding five years or to both.
Malay text (authoritative)
Kehendak bagi Lesen Wakil Perkhidmatan Pasaran Modal
(1) Tiada seorang pun boleh bertindak sebagai wakil berkenaan dengan mana-mana aktiviti terkawal atau mengemukakan dirinya sebagai berbuat sedemikian melainkan jika dia ialah pemegang Lesen Wakil Perkhidmatan Pasaran Modal bagi aktiviti terkawal itu atau ialah orang berdaftar berkenaan dengan aktiviti terkawal itu.
(2) Seseorang yang melanggar subseksyen (1) melakukan suatu kesalahan dan boleh, apabila disabitkan, didenda tidak melebihi lima juta ringgit atau dipenjarakan selama tempoh tidak melebihi lima tahun atau kedua-duanya.
Read this section in the full act → · Open Division 1 →
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).
