← Labuan Financial Services Authority Act 1996

Labuan Financial Services Authority Act 1996 s 5

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s 5 Membership of the Authority

(1) The Authority shall consist of the following members who shall be appointed by the Minister: (a) a Chairman; (b) the Director General; and (c) not less than three and not more than seven other persons, two of whom shall be from the public sector. (2) The members appointed under paragraph (1)(c) shall be from amongst persons who possess relevant experience in financial, commercial or legal matters. (3) The Director General shall be the chief executive officer of the Authority and shall be entrusted with the day-to-day administration of the Authority. (4) In the event of the Director General being absent or unable to act due to illness or any other cause, the Chairman shall appoint any member of the Authority to carry out the functions of the Director General.

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Find Act 545 on lom.agc.gov.my ↗

Text as at 1 June 2006 (LOM reprint); amendments made after that date may not be incorporated.

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).

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