Malaysia legislation

Section 130

of LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010

Section 130

(2)

Notwithstanding the appointment under subsection (1), the Authority shall reserve the power at any time subsequent to such appointment to require any Islamic securities licensee or, fund manager regulated under Part IV, by way of notification in writing to such Islamic securities licensee or fund manager, to replace any member of the internal Syariah advisory board of such Islamic securities licensee or fund manager with another qualified person to the satisfaction of the Authority.

Labuan Islamic Financial Services and Securities 135

Syariah Adviser for Labuan Islamic trusts, Labuan Islamic foundation, Labuan Islamic limited partnership or Labuan

Islamic limited liability partnership

Section 130 — LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010