Malaysia legislation
Section 185
Section 185
(2)
No insurance licensee shall, in respect of any business carried on by such licensee under Part VII, be subjected to any of the provisions of the *Insurance Act 1996 and **the Takaful
Act 1984.
(3)
For the purpose of Part IX—
(a)
the provisions of the Capital Markets and Services
Act 2007 shall not be applicable to the establishment, conduct, activity and business of any exchanges established under Division 2 of Part IX;
(b)
section 7, subsection 21(2), sections 24, 85, subsections 87(2), 87(4), 87(5), 87(10), 93(2), 93(6) and 93(7) of the Labuan Companies Act 1990 shall not be applicable to any exchange established under Division 2 of