In forceUpdated to 15 Oct 2022Read it in Bahasa Malaysia

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Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part IX

133. Interpretation

(1)

In this Part, unless the context otherwise requires—

“business day” means a day during any part of which the facilities of an exchange established pursuant to this Part are available to its trading agents for trading purposes or would have been available but for a suspension of trading ordered by the Authority under section 143;

Labuan Financial Services and Securities 135

“committee” means the persons responsible for all matters relating to listing, licensing, trading and other matters related to the securities market;

“exchange” includes a body corporate established as a securities exchange under section 134 and the Labuan International Financial

Exchange that was established by the Minister under section 30

of the *Labuan Offshore Securities Industry Act 1998 [Act 579]

that was approved and recognized immediately before the effective date;

“listing sponsor” means a person licensed by an exchange established pursuant to this Part, pursuant to its rules to carry on functions as a listing sponsor;

“secretary” means the secretary for the time being of an exchange established pursuant to this Part and includes an acting or assistant secretary;

“securities market” means a stock market or a place at which, or a facility by means of which—

(a)

offers to sell, purchase or exchange securities are regularly made or accepted;

(b)

offers or invitations that are intended, or may reasonably be expected, to result, whether directly or indirectly, in the making or acceptance of offers to sell, purchase or exchange securities, are regularly made; or

(c)

information concerning the prices at which or the consideration for which particular persons or classes of persons propose to sell, purchase or exchange, or may reasonably be expected to sell, purchase or exchange, securities is regularly provided;

“trading agent” means a person licensed and authorized to engage in the business of dealing in securities pursuant to the rules of the exchange established pursuant to this Part.

*NOTE—The Labuan Offshore Securities Industries Act 1998 [Act 579] has since been repealed by the Labuan Financial Services and Securities Act 2010 [Act 704] which comes into operation on 11 February 2010—see section 201 of Act 704.

Terms defined in s 2

Authority
Defined · s 2
“Authority” means the Labuan Financial Services Authority established under section 3 of the Labuan Financial Services Authority Act 1996;
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dealing in securities
Defined · s 2
“dealing in securities” means, whether as principal or agent, making or offering to make with any person or inducing or attempting to induce any person to enter into or to offer to enter into— (a) any agreement for, or with a view to, acquiring, disposing of, subscribing for, or underwriting securities; or (b) any agreement the purpose or avowed purpose of which is to secure a profit to any of the parties from the yield of securities or by reference to fluctuations in the value of securities;
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established
Defined · s 2
“established”, in relation to a person specified in the first column of the First Schedule, has the meaning set out in the third column of the First Schedule as against such person;
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Labuan
Defined · s 2
“Labuan” means the Federal Territory of Labuan;
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Minister
Defined · s 2
“Minister” means the Minister charged with the responsibility for finance;
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person
Defined · s 2
“person” includes a corporation, partnership, a body of persons, corporate or unincorporated and a corporation sole;
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related
Defined · s 2
“related”, in relation to a corporation, means related within the meaning of section 4 of the Labuan Companies Act 1990;
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rules
Defined · s 2
“rules”, in relation to an exchange established under Part IX, means the rules governing the conduct of the exchange or its members;
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securities
Defined · s 2
“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…
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Report

Read on from s 134

Part X

Self-Regulatory Organizations

Read on from Part X

Part XI

Appeals

Read on from Part XI