Labuan Financial Services and Securities Act 2010 s 31
Labuan Financial Services and Securities Act 2010 s 31
s 31 Public funds shall be registered
(1) No public fund shall carry on business or arrange or administer its affairs unless it has been granted registration under paragraph 33(1)(a).
(2) Subject to subsection (3), no proposed public fund shall carry on business or arrange or administer its affairs unless it has been granted provisional acceptance under paragraph 33(1)(b).
(3) A proposed public fund to which a provisional acceptance has been granted under paragraph 33(1)(b) shall not carry on business or arrange or administer its affairs without the prior written consent of the Authority.
Malay text (authoritative)
Dana awam hendaklah didaftarkan
(1) Tiada dana awam boleh menjalankan perniagaan atau mengaturkan atau mentadbirkan hal ehwalnya melainkan jika pendaftarannya telah dibenarkan di bawah perenggan 33(1)(a).
(2) Tertakluk kepada subseksyen (3), tiada dana awam yang dicadangkan boleh menjalankan perniagaan atau mengaturkan atau mentadbirkan hal ehwalnya melainkan jika penerimaan bersyarat telah dibenarkan di bawah perenggan 33(1)(b).
(3) Suatu dana awam yang dicadangkan yang baginya suatu penerimaan bersyarat telah dibenarkan di bawah perenggan 33(1)(b) tidak boleh menjalankan perniagaan atau mengaturkan atau mentadbirkan hal ehwalnya tanpa mendapatkan persetujuan bertulis daripada Lembaga terlebih dahulu.
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).
