Is AKTA PERKHIDMATAN KEWANGAN DAN SEKURITI ISLAM LABUAN (PINDAAN) 2022 still in force?

Yes — AKTA PERKHIDMATAN KEWANGAN DAN SEKURITI ISLAM LABUAN (PINDAAN) 2022 is currently in force.

When did AKTA PERKHIDMATAN KEWANGAN DAN SEKURITI ISLAM LABUAN (PINDAAN) 2022 take effect?

AKTA PERKHIDMATAN KEWANGAN DAN SEKURITI ISLAM LABUAN (PINDAAN) 2022 was first recorded in 2022.

How many sections does AKTA PERKHIDMATAN KEWANGAN DAN SEKURITI ISLAM LABUAN (PINDAAN) 2022 have?

AKTA PERKHIDMATAN KEWANGAN DAN SEKURITI ISLAM LABUAN (PINDAAN) 2022 contains 4 sections.

Where can I read the official version of AKTA PERKHIDMATAN KEWANGAN DAN SEKURITI ISLAM LABUAN (PINDAAN) 2022?

The official text of AKTA PERKHIDMATAN KEWANGAN DAN SEKURITI ISLAM LABUAN (PINDAAN) 2022 is published at lom.agc.gov.my.

/akn/my/act/amendment_act/2022/A1655

LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES (AMENDMENT) ACT 2022

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Type: Amendment Act
Status: In force
Enacted: 2022
Sections: 4
Languages: MS · EN

Quick answer

About this amendment act

LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES (AMENDMENT) ACT 2022 is Malaysia Amendment Act, cited as Amendment Act A1655 2022, currently marked in force and first recorded in 2022.

Opening note

Preamble

An Act to amend the Labuan Islamic Financial Services and Securities Act 2010. [ ] ENACTED by the Parliament of Malaysia as follows: Short title and commencement

Section 1

(2)

This Act is deemed to have come into operation on 1 January 2019.

Amendment of section 13

Section 2

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)”.

Amendment of section 76

Section 3

Subsection 76(1) of the principal Act is amended by substituting for the definition of “Labuan takaful business” the following definition:

‘ “Labuan takaful business” means takaful business which includes Labuan captive takaful business, Labuan retakaful business and such other takaful business approved by the Authority but does not include any takaful business that is regulated or prohibited under other written law in Malaysia;’.

Section 4

Amendment of section 90

Section 90 of the principal Act is amended by substituting for subsection (3) the following subsection:

“(3) A licensed Labuan takaful broker may handle the takaful or retakaful of domestic takaful 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.”.

Common questions

What is AKTA PERKHIDMATAN KEWANGAN DAN SEKURITI ISLAM LABUAN (PINDAAN) 2022?: LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES (AMENDMENT) ACT 2022 is Malaysia Amendment Act, cited as Amendment Act A1655 2022, currently marked in force and first recorded in 2022.
Is AKTA PERKHIDMATAN KEWANGAN DAN SEKURITI ISLAM LABUAN (PINDAAN) 2022 still in force?: Yes — AKTA PERKHIDMATAN KEWANGAN DAN SEKURITI ISLAM LABUAN (PINDAAN) 2022 is currently in force.
When did AKTA PERKHIDMATAN KEWANGAN DAN SEKURITI ISLAM LABUAN (PINDAAN) 2022 take effect?: AKTA PERKHIDMATAN KEWANGAN DAN SEKURITI ISLAM LABUAN (PINDAAN) 2022 was first recorded in 2022.
How many sections does AKTA PERKHIDMATAN KEWANGAN DAN SEKURITI ISLAM LABUAN (PINDAAN) 2022 have?: AKTA PERKHIDMATAN KEWANGAN DAN SEKURITI ISLAM LABUAN (PINDAAN) 2022 contains 4 sections.
Where can I read the official version of AKTA PERKHIDMATAN KEWANGAN DAN SEKURITI ISLAM LABUAN (PINDAAN) 2022?: The official text of AKTA PERKHIDMATAN KEWANGAN DAN SEKURITI ISLAM LABUAN (PINDAAN) 2022 is published at lom.agc.gov.my.