Section 10
Advertisements
of Labuan Financial Services and Securities Act 2010
ActIn forceProvision 10 of 201
Section 10
(1)
No 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.
(2)
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.
(3)
Any person who publishes or causes to be published in Labuan an advertisement without the prior approval of the
Authority commits an offence and shall, on conviction, be liable to a fine not exceeding ten thousand ringgit.