159. Obligations of and in relation to officers of a self-regulatory organization

Terms defined in s 2

• 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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• officer

  officer

  Defined · s 2

  “officer”, in relation to a corporation, includes— (a) a director, secretary or employee of the corporation including the principal officer; (b) a receiver and manager of any part of the undertaking of the corporation appointed under a power contained in any instrument; and (c) a liquidator of the corporation appointed in a voluntary winding-up; but does not include— (A) a receiver who is also not a manager; (B) a receiver and manager appointed by the Court; and (C) a liquidator appointed by the Court or by the creditors;

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• person

  person

  Defined · s 2

  “person” includes a corporation, partnership, a body of persons, corporate or unincorporated and a corporation sole;

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