Malaysia legislation
Section 157
of LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010
Section 157
Power of the Minister to issue directions
(a)
prohibiting the formation of any business or activities, including any class of business or activities thereof; or
(b)
directing any 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.
Power of the Minister to amend Schedules