Malaysia legislation
Section 71
Section 71
(a)
a Labuan company or a foreign Labuan company; or
(b)
a foreign company licensed, registered or approved to carry out trust company business in other jurisdictions.
(2)
The Authority may grant or refuse to grant a licence to such person as a Labuan managed trust company and impose any terms and conditions on such licence as it deems necessary.
(3)
An application for a licence under this Part shall be accompanied by—
(a)
submission of a proposed detailed management agreement between the applicant and the Labuan trust company;
(b)
submission of a certified copy of the certificate of incorporation or constituent document of the applicant;
and
(c)
submission of a letter of good standing or such other document of this nature from the relevant authority of the applicant’s home country where applicable.
Act 704
Terms and conditions of licence as Labuan managed trust company