Malaysia legislation
Section 4
of LABUAN FINANCIAL SERVICES AND SECURITIES (AMENDMENT) ACT 2022
Section 4
Amendment of section 114
Section 114 of the principal Act is amended by substituting for subsection (3) the following subsection:
“(3) A licensed Labuan insurance broker may handle the insurance or reinsurance of domestic insurance business, transacted in the Malaysian currency provided that such activity does not include any activity that is regulated or prohibited under other written law in Malaysia.”.