Malaysia legislation

Section 63

of LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010

Section 63

Notwithstanding any provision to the contrary, the Authority may authorize in writing the Labuan trust company to carry on business to such extent and for such duration as he may specify in the authorization for the purpose only of enabling the Labuan trust company to wind-up its affairs consequent upon the revocation of its licence.

POWERS OF LABUAN TRUST COMPANIES

Disclosure of interests in relation to Labuan trust company