Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part X · Self-Regulatory Organizations
158. Restriction on decision-making
Feedback & supportA self-regulatory organization shall not make a decision under its rules that adversely affects the rights of a person unless—
rules
“rules”, in relation to an exchange established under Part IX, means the rules governing the conduct of the exchange or its members;
the self-regulatory organization has given the person an opportunity to make representations about the matter; or
person
“person” includes a corporation, partnership, a body of persons, corporate or unincorporated and a corporation sole;
the self-regulatory organization considers, on reasonable grounds, that any delay in making the decision will prejudicially affect a class of consumers, investors or members of the sector or industry as may be applicable.