Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licence (CMSRL) of Yap Yeng Chong (Yap) for the regulated activity of dealing in securities under section 72 read together with section 65 of the Capital Markets and Services Act 2007 (CMSA), effective 22 August 2016.
Yap was formerly attached with PM Securities Sdn. Bhd. and his CMSRL was revoked when he was found to be an undischarged bankrupt.
Yap has not filed any appeal against SC’s decision within the prescribed time as provided under the CMSA.
The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.
