Labuan Islamic Financial Services and Securities Act 2010 s 56
Labuan Islamic Financial Services and Securities Act 2010 s 56
s 56 Islamic securities licensee
(1) No person shall carry on business as an Islamic securities licensee unless that person is a Labuan company who has been granted a licence to act as an Islamic securities licensee under this section.
(2) Notwithstanding subsection (1), the following persons can carry on business as an Islamic securities licensee:
(a) a person referred to in subsections 55(1) and (2) of the Labuan Financial Services and Securities Act 2010 and has obtained the prior approval of the Authority; and
(b) an Islamic bank licensee.
Malay text (authoritative)
Pemegang lesen sekuriti Islam
(1) Tiada seorang pun boleh menjalankan perniagaan sebagai seorang pemegang lesen sekuriti Islam melainkan jika orang itu ialah suatu syarikat Labuan yang telah diberikan suatu lesen untuk bertindak sebagai pemegang lesen sekuriti Islam di bawah seksyen ini.
(2) Walau apa pun subseksyen (1), orang yang berikut boleh menjalankan perniagaan sebagai pemegang lesen sekuriti Islam:
(a) seseorang yang disebut dalam subseksyen 55(1) dan (2) Akta Perkhidmatan Kewangan dan Sekuriti Labuan 2010 dan telah memperoleh kelulusan Lembaga terlebih dahulu; dan
(b) pemegang lesen bank Islam.
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).
