Section 133
of Labuan Financial Services and Securities Act 2010
Section 133
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*NOTE—The Labuan Offshore Securities Industries Act 1998 [Act 579] has since been repealed by the Labuan Financial Services and Securities Act 2010 [Act 704] which comes into operation on 11 February 2010—see section 201 of Act 704.
Act 704