Malaysia legislation
Section 37
of LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010
Section 37
(a)
a statement setting out the scope and nature of the business to be carried on by the applicant in or from within Labuan;
(b)
the instrument by which the applicant is constituted or such other proof as the Authority may require to be satisfied that the applicant is lawfully constituted under the laws of Malaysia relating to Labuan or under the laws of any recognized country or jurisdiction;
(c)
a statement on the following:
(i)
the address of the applicant’s place of business and its address for service relating to Labuan;
(ii)
the name and address of a person in Labuan who is authorized to represent the applicant and to accept service on its behalf;
(iii)
the address of the applicant’s place of business outside Labuan; and
(iv)
the names, addresses and relevant experience of the directors of the Islamic fund;
Labuan Islamic Financial Services and Securities 59
(d)
a signed declaration by the directors of the applicant
Islamic fund on confidentiality and secrecy; and
(e)
where available, a copy of the prospectus, either in draft or final form, of the Islamic public fund.
(2)
The Islamic public fund or proposed Islamic public fund shall submit such other information as may be specified by the
Authority from time to time.
(3)
If any change is made or occurs in respect of any information as specified by the Authority under subsection (1), the applicant, after being granted registration or provisional acceptance, as the case may be, shall, within thirty days after the change has occurred, lodge with the Authority a notice specifying such change.
Power to grant or refuse registration of Islamic public fund