Section 72

Every Labuan managed trust company shall at all times, ensure that the Labuan trust company is and continues to be licensed as a Labuan trust company under this Act.

For the avoidance of doubt, save for sections 61 and 62

and Division 4 of this Part, all the provisions that apply to a

Labuan trust company under this Act shall similarly apply to a

Labuan managed trust company.

If, subsequent to its appointment as the Labuan managed trust manager of a Labuan managed trust company, the licence of such managed trust manager is revoked under section 168, the managed trust company shall appoint a new managed trust manager within the period of four weeks following the date on which the licence of the managed trust company is revoked, failing which the licence of the managed trust company shall be automatically revoked by the Authority.