Malaysia legislation

Section 53

of LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010

Section 53

(a)

Islamic private funds;

(b)

Islamic public funds; and

(c)

fund managers and fund administrators of Islamic public funds.

(2)

The registers required under subsection (1) may contain—

(a)

the information required in respect of each person who has been granted licence or registration or who has received written permission under this Act;

(b)

the date of such licence, registration or written permission, as the case may be; and

Labuan Islamic Financial Services and Securities 69

(c)

the date upon which such licence or registration or written permission was revoked.

(3)

The registers required to be kept pursuant to this section shall be in such form as the Authority may determine.

(4)

The Authority may issue to any person, upon request by the person, a certificate of compliance in such form, upon payment of such fee, as may be prescribed.

(5)

No person exercising any power or discharging any duty under this Part shall, knowingly, have any financial interest in any person who has been licensed, registered or given written permission under this Part.

Accounts and audit

Section 53 — LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010