Malaysia legislation

Section 61

of LABUAN COMPANIES (AMENDMENT) ACT 2022

Section 61

(2)

All Labuan trust companies must comply with the requirements of subsection 93(2) of the principal Act within the period of six months from the date of coming into operation of this Act or any extended period approved by the Authority.

(3)

Any inquiry, trial or proceedings done, taken or commenced under the principal Act  before the commencement of this Act shall be continued and concluded under and in accordance with the principal Act as if the principal Act had not been amended by this Act.