134. Establishment of exchanges

Terms defined in this Act

• Authority

  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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• establishment

  establishment

  Defined · s 2

  “establishment”, in relation to— (a) a company, means incorporation; (b) a statutory body, means coming into existence under the law establishing, appointing or constituting it; (c) a co-operative society, means registration, incorporation or otherwise coming into legal existence as a co-operative society; (d) a partnership, including a limited partnership and a limited liability partnership, means formation; (e) a sole proprietorship, means registration of its business; and (f) any other body, association or group of persons, whether corporate or unincorporated, which requires registration or any other form of recording or recognition under any written law before it can lawfully commence its activities, means registration, recording or recognition under such written law;

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• exchange

  exchange

  Defined · s 133

  “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 that was approved and recognized immediately before the effective date;

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• Labuan

  Labuan

  Defined · s 2

  “Labuan” means the Federal Territory of Labuan;

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• Labuan company

  Labuan company

  Defined · s 2

  “Labuan company” has the meaning assigned to it in the Labuan Companies Act 1990;

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