Malaysia legislation

Section 197

of LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010

Section 197

Power of the Minister to issue directions

(a)

prohibiting the formation of any business or activities, including any class of the business or activities; or

(b)

directing a licensed entity, to cease to carry on its business or part of its business either immediately or within such time as may be specified in the direction.

(2)

A direction made under this section may be revoked or varied by the Minister.

Act 704

Power of the Minister to amend schedules

Section 197 — LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010