Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part II · Securities
10. Advertisements
Feedback & supportNo advertisement offering, or calling attention to an offer or intended offer of, securities under subsection 8(1), being an offer of securities not excluded under subsection 8(5), shall be published in Labuan until it has been approved by the Authority.
securities
“securities” means any investments commonly known or capable of being described as securities, and includes— (a) shares, debentures, funds, units, interests in a limited partnership or limited liability partnership or unit trust or foundation or protected cell company or corporation; (b) debentures, bonds or notes of or issued by any body (incorporated or unincorporated), government, local government or public authority; *NOTE—The Exchange Control Act 1953 has since been repealed by the Financial Services Act 2013 which comes into operation on 30 June 2013—see sections 271 and 272…
An application for approval of an advertisement shall be lodged with the Authority together with a copy of the advertisement verified in such manner as the Authority directs.
Any person who publishes or causes to be published in Labuan an advertisement without the prior approval of the
person
“person” includes a corporation, partnership, a body of persons, corporate or unincorporated and a corporation sole;
Authority commits an offence and shall, on conviction, be liable to a fine not exceeding ten thousand ringgit.