Labuan Islamic Financial Services and Securities Act 2010 s 45
Labuan Islamic Financial Services and Securities Act 2010 s 45
s 45 Fund manager or fund administrator of an Islamic public fund
(1) No person shall carry on business as a fund manager of an Islamic public fund unless that person is—
(a) a person falling within subsection 40 (1) or (2) of the Labuan Financial Services and Securities Act 2010 and has obtained the prior approval of the Authority; or
(b) an Islamic bank licensee.
(2) No person shall carry on business as a fund administrator of an Islamic public fund unless that person is—
(a) a person falling within subsection 41(1) or (2) of the Labuan Financial Services and Securities Act 2010 and has obtained the prior approval of the Authority;
(b) an Islamic bank licensee; or
(c) an Islamic securities licensee under Part V.
(3) A fund manager or a fund administrator who is carrying on fund management activities or fund administrator activities respectively in relation to an Islamic private fund only is not required to be licensed under this Part.
Malay text (authoritative)
Pengurus dana atau pentadbir dana bagi dana awam Islam
(1) Tiada seorang pun boleh menjalankan perniagaan sebagai pengurus dana suatu dana awam Islam melainkan jika orang itu merupakan—
(a) seorang yang termasuk dalam subseksyen 40(1) atau
(2) Akta Perkhidmatan Kewangan dan Sekuriti Labuan 2010 dan telah memperoleh kelulusan Lembaga terlebih dahulu; atau
(b) pemegang lesen bank Islam.
(2) Tiada seorang pun boleh menjalankan perniagaan sebagai pentadbir dana awam Islam melainkan jika orang itu merupakan—
(a) seorang yang termasuk dalam subseksyen 41(1) atau
(2) Akta Perkhidmatan Kewangan dan Sekuriti Labuan 2010 dan telah memperoleh kelulusan Lembaga terlebih dahulu;
(b) pemegang lesen bank Islam; atau
(c) pemegang lesen sekuriti Islam di bawah Bahagian V.
(3) Seseorang pengurus dana atau pentadbir dana yang masingmasing menjalankan aktiviti pengurusan dana atau aktiviti pentadbir dana berhubung dengan dana persendirian Islam sahaja tidak dikehendaki 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).
