Malaysia legislation
Section 34
of LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010
Section 34
Islamic private fund to lodge an information memorandum or such other offering document
(2)
The information memorandum or such other offering document referred to in subsection (1) shall be lodged by an
Islamic private fund through any licensed entity which shall be reasonably satisfied that—
(a)
the information memorandum or such other offering document being lodged refers to an Islamic private fund as defined under this Act; and
(b)
there is no element of fraud involved in the establishment of the Islamic private fund.
(3)
An information memorandum or such other offering document lodged by an Islamic private fund shall be deemed to be a prospectus in so far as it relates to the liability of that
Islamic private fund for any statement or information that is false or misleading or from which there is a material omission.
(4)
Upon receipt of the information memorandum or such other offering document under subsection (1), the Authority shall enter the particulars of the same in the registers maintained pursuant to Chapter 6 of this Part.
Exclusion of liability for errors or omission in the information memorandum or such other offering document