According to section 196 of the Labuan Financial Services and Securities Act 2010, the Minister, based on the Authority's recommendation, has the power to establish regulations that prescribe all necessary matters and requirements for carrying out and fully enforcing the provisions of the Act.
Labuan Financial Services and Securities (Amendment) Regulations 2022 [P.U. (A) 377/2022]
We are pleased to inform our clients and stakeholders that the Minister has made the Labuan Financial Services and Securities (Amendment) Regulations 2022 [P.U. (A) 377/2022] on the recommendation of the Authority, under section 196 of the Labuan Financial Services and Securities Act 2010 [Act 704].
The regulations will come into operation on 1 January 2023.
The Labuan Financial Services and Securities Regulations 2010 [P.U. (A) 416/2010] have been amended by substituting for the Third Schedule.
We want to remind our clients and stakeholders to read the Labuan Financial Services and Securities (Amendment) Regulations 2022 for the full list of the Third Schedule.
If you have any questions or concerns about the Labuan Financial Services and Securities (Amendment) Regulations 2022, please do not hesitate to contact us.
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