Labuan Financial Services and Securities Act 2010 s 41
Labuan Financial Services and Securities Act 2010 s 41
s 41 Licensing of fund administrators
(1) No person shall carry on business as a fund administrator of a public fund unless that person is a Labuan company or Labuan trust company and has been granted a licence to act as a fund administrator under this Act.
(2) Notwithstanding subsection (1), the following persons may carry on business as a fund administrator of a public fund:
(a) a bank licensee;
(b) a Labuan trust company;
(c) a securities licensee under Part IV;
(d) a management company licensed under Part VIII; or
(e) a person who is and continues to be a qualified and authorised fund administrator 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 a fund administrator of public funds.
(3) A fund administrator who is carrying on fund administration activities in relation to a private fund only is not required to be licensed under this Part.
Malay text (authoritative)
Pelesenan pentadbir dana
(1) Tiada seorang pun boleh menjalankan perniagaan sebagai pentadbir dana suatu dana awam melainkan jika orang itu ialah syarikat Labuan atau syarikat amanah Labuan dan telah diberi lesen untuk bertindak sebagai pentadbir dana di bawah Akta ini.
(2) Walau apa pun subseksyen (1), orang yang berikut boleh menjalankan perniagaan sebagai pentadbir dana suatu dana awam:
(a) pemegang lesen bank;
(b) syarikat amanah Labuan;
(c) pemegang lesen sekuriti di bawah Bahagian IV;
(d) syarikat pengurusan yang dilesenkan di bawah Bahagian VIII; dan
(e) orang yang masih dan terus menjadi pentadbir dana 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 pentadbir dana bagi dana awam.
(3) Pentadbir dana yang menjalankan aktiviti pentadbiran 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).
