Section 142
Persons not deemed to be carrying on business in Malaysia
of Labuan Financial Services and Securities Act 2010
ActIn forceProvision 141 of 201
Section 142
No person shall be deemed to be engaging in or carrying on a trade or business in Malaysia or with residents of Malaysia for the purpose of any written law by reason only of the fact that—
(a)
securities of such person are listed on a securities market operated by an exchange established under section 134;
(b)
such person is a trading agent or listing sponsor and that transactions are effected by it or on its behalf through the facilities of such exchange; or
(c)
such person undertakes activities in Labuan incidental to the proper conduct of the activities referred to in paragraphs (a) and (b).