2. Amendment of section 13

The Labuan Islamic Financial Services and Securities Act 2010

[Act 705], which is referred to as the “principal Act” in this Act, is amended in section 13—

(a)

in subsection (1), by substituting for the words “(2)”

the words “(3)”;

LABUAN ISLAMIC FINANCIAL SERVICES AND

SECURITIES (AMENDMENT) ACT 2022

(b)

by deleting subsection (2); and

(c)

in subsection (10), by deleting the words “or (2)”.

Report