Labuan Financial Services and Securities Act 2010 s 40
Labuan Financial Services and Securities Act 2010 s 40
s 40 Licensing of fund managers
(1) No person shall carry on business as a fund manager of a public fund unless that person is a Labuan company who has been granted a licence to act as a fund manager under this section.
(2) Notwithstanding subsection (1), the following persons may carry on business as a fund manager of a public fund:
(a) a person who is and continues to be a qualified and authorised manager of mutual funds under the laws of any recognised country or jurisdiction and has received written permission from the Authority to carry on business as manager of public funds; or
(b) a bank licensee.
(3) A fund manager who is carrying on fund management activities in relation to a private fund only is not required to be licensed under this Part.
Malay text (authoritative)
Pelesenan pengurus dana
(1) Tiada seorang pun boleh menjalankan perniagaan sebagai pengurus dana suatu dana awam melainkan jika orang itu ialah syarikat Labuan yang telah diberi lesen untuk bertindak sebagai pengurus dana di bawah seksyen ini.
(2) Walau apa pun subseksyen (1), orang yang berikut boleh menjalankan perniagaan sebagai pengurus dana suatu dana awam:
(a) orang yang masih dan terus menjadi pengurus yang berkelayakan dan diberi kuasa bagi dana bersama di bawah undang-undang mana-mana negara atau bidang kuasa diiktiraf dan telah menerima kebenaran bertulis Lembaga untuk menjalankan perniagaan sebagai pengurus dana awam; dan
(b) pemegang lesen bank.
(3) Pengurus dana yang menjalankan aktiviti pengurusan dana berhubungan dengan dana persendirian sahaja tidak dikehendaki untuk dilesenkan di bawah Bahagian ini.
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).
