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← Labuan Financial Services and Securities Act 2010

Labuan Financial Services and Securities Act 2010 s 55

Labuan Financial Services and Securities Act 2010 s 55

s 55 Securities licensee

(1) No person shall carry on business as a securities licensee unless that person is a Labuan company who has been granted a licence to act as a securities licensee under this section. (2) Notwithstanding subsection (1), the following persons may carry on business as a securities licensee: (a) a fund manager referred to in subsections 40(1) and (2); and (b) a bank licensee.

Malay text (authoritative)

Pemegang lesen sekuriti

(1) Tiada seorang pun boleh menjalankan perniagaan sebagai seorang pemegang lesen sekuriti melainkan jika orang itu ialah suatu syarikat Labuan yang telah diberi lesen untuk bertindak sebagai pemegang lesen sekuriti di bawah seksyen ini. (2) Walau apa pun subseksyen (1), orang yang berikut boleh menjalankan perniagaan sebagai pemegang lesen sekuriti: (a) pengurus dana yang disebut dalam subseksyen 40(1) dan (2); dan (b) pemegang lesen bank.

Read this section in the full act → · Open Division 2 →

Find Act 704 on lom.agc.gov.my ↗

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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